ORA BANDA MINING LTD — Major Shareholding Notification 2011

Nov 10, 2011

Form 603

Corporations Act 2001 Section 671B

Notice of initial substantial holder

To Company Name/Scheme	Swan Gold Mining Ltd
ACN/ARSN	100 038 266
1. Details of substantial holder (1) Name ACN / ARSN (if applicable)	Stirling Resources Limited (Stirling Resources) ACN 009 659 054
The holder became a substantial holder on	26/02/2010

2. Details of voting power

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3) in on the date the substantial holder became a substantial holder are as follows:

Class of securities 14 I	Number securities ΩÎ	$\overline{\phantom{0}}$ votes ersons $\cdots$ w	$\sqrt{6}$ Votina power
$\overline{\phantom{a}}$ Relevant interest in	.690 $6.98^{\circ}$ ITR.	690 .981 76.	80%
ordinary shares			the contract of the contract of the contract of the contract of the contract of the contract of the contract of

Details of relevant interests 3.

The nature of the relevant interest the substantial holder or an associate had in the following voting securities on the date the substantial holder became a substantial holder are as follows:

Holder of relevant interest	Nature of relevant interest .	and number of securities _________
Stirling Gold Pty Limited (Stirling	-Stirling Resources holds 100% of	.690 ordinarv . 98. shares
- Gold) ACN 134 037 .	ʻ;ola.	.

4. Details of present registered holders

The persons registered as holders of the securities referred to in paragraph 3 above are as follows:

Holder of relevant	Registered holder of	Person entitled to be	Class and number of
interest	securities	registered as holder (8)	securities
Stirling Resources	Stirling Gold	Stirling Gold	176,981,690 ordinary
			shares

5. Consideration

The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four months prior to the day that the substantial holder became a substantial holder is as follows:

Holder of relevant interest	Date of acquisition	Consideration (9)		Class and number of securities
		Casr	Non-cash
Stirling Resources	12/03/10	AU\$15,000,000		300,000,000 ordinary shares

6. Associates

The reasons the persons named in paragraph 3 above are associates of the substantial holder are as follows:

Name and ACN/ARSN (if applicable)	Nature of association
Stirling Gold Pty Limited ACN 134 037 513	Stirling Gold is a 100% owned subsidiary of Stirling Resources.
DCM DECOmetal GmbH (DCM)	Stirling Resources is a controlled body corporate of DCM

7. Addresses

The addresses of persons named in this form are as follows:

vame
DCM	Grazerplatz 5, Fuerstenfeld 8280. Austria .
Stirling Resources	150 Hay Street, Subiaco 6008
Gold Stirling	-6008 Crawley investments, 150 Hay Street, Subiaco

$^{-1}$ This interest was acquired by Stirling Gold, via the Recapitalisation Deed for the recapitalisation of Swan Gold Mining Ltd.

Signature

print name	$G16A$ $32R1N315H11U1$	DIREAOR capacity
sign here		$O(1/M/M)^2$ date -t1/10/17
	DIRECTIONS the contract of the contract of the contract of the contract of the contract of the contract of the contract of . .	$\cdots$ .

• If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the $(1)$ manager and trustee of an equity trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essentially similar, they may be referred to throughout the form as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 7 of the form.
• $(2)$ See the definition of "associate" in section 9 of the Corporations Act 2001.
• $(3)$ See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations A.
• $(4)$ The voting shares of a company constitute one class unless divided into separate classes.
• The total number of votes attached to all the voting shares in the company or voting interests in the scheme (if any) that the person or an $(5)$ associate has a relevant interest in.
• The person's votes divided by the total votes in the body corporate or scheme multiplied by 100. $(6)$
• $(7)$ Include details of:
• any relevant agreement or other circumstances by which the relevant interest was acquired. If subsection 671B(4) applies, a copy of any $(a)$ document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and
• any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal of $(b)$ the securities to which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).

See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.

• If the substantial holder is unable to determine the identity of the person (eg. If the relevant interest arises because of an option) write "unknown". $(8)$
• Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired has, $(9)$ or may, become entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the happening or not of a contingency. Details must be included of any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.