PATERSON RESOURCES LTD — Major Shareholding Notification 2008

May 12, 2008

page 1/2 15 July 2001 $604$

Form 604 Corporations Act 2001 Section 671B Notice of change of interests of substantial holder l M ITEI Í∈RRA To Company Name/Scheme 116 153 S ACN/ARSN X 1. Details of substantial holder(1) $CuOG$ URANIUM $QLL \vee G1$ Name ACN/ARSN (If applicable) There was a change in the interests of the substantial holder on The previous notice was given to the company on The previous notice was dated 2. Previous and present 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 helder or an associate (2) had a relevant interest (3) and a relevant interest (3) $\left[$ in

				---1.14111
Class of securities (4)	Previous notice		Present notice
	Person's votas	Votina nower (5)	Person's votes	Votino power (5)
	$0$ aa r $0$ 6
				1.1111
		----

3. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voting securities of the company or scheme, since thesubstantial holder was last required to give

Date ofchange	Person whoserelevant interestchanged	Nature ofchange (6)	Considerationgiven in relationto change (7)	Class andnumber ofsecuritiesaffected	Person's votesaffected
7-ऽ- ৩४	uoc	'రాం$\sigma!\sigma!\sigma$	614-36	PR.C	л-
8.5.08		o	as	3 R. Cm	łΟ
P.S.08	∵⊥⊙ັ	ာခ12.B	20-	÷.

4. Present relevant interests

Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

Holder ofrelevant.Interest	Registeredholder ofsecurities	Person entitledto be registeredas holder (8)	Nature ofrelevantintercst (6)	Class andnumber ofsecurities	Person's votes
			يصه	MO F 2 97	6

page 2/2 15 July 2001 604

5. Changes in association

The persons who have become associates (2) of, ceased to be associates of, or have changed the nature of their association (9) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

Name and ACN/ARSN (if applicable)	.Nature of associationALC: 1980$- - - -$
	$- - - +$

6. Addresses

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

Signature

DIRECTIONS

• If there are a number of substandal holders with similar or related relevant interests (eg. a corporation and its related corporations, or the manager and trustee of an in and come in a number of concentration when the matter of the referent interests of a group of persons are essentially similar, they may be referred to equity trust), the names could be included in an annexure to the for $(1)$ 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 6 of the form.
• See the definition of "associate" in section 9 of the Corporations Act 2001. $(2)$
• See the definition of "relevant interest" in sections 608 and 6718(7) of the Corporations Act 2001. $(3)$
• The voting shares of a company constitute one class unless divided into separate classes. $(4)$
• The oprson's votes divided by the total votes in the body corporate or scheme multiplied by 100. $[5] \centering% \includegraphics[width=1.0\textwidth]{Figures/PN1.png} \caption{The 3D (black) model for the top of the top of the top of the top of the top of the top of the top of the top of the top of the top of the top of the top of the top of the$
• Include details of: $(6)$
• any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B(4) applies, a copy of any document softing out the terms of any relevant agreement, and a statement by the porson giving full and accurate details of any contract, scheme or $(a)$ advanced carring out the terms of only relevant ognicement, who a purcement by she policy remains an advanced vecans of only varrangement, must eccompany this form, together with a written statement certifying this contra
  • any qualification of the nower of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or clisposal of the securities to any spannishments in the person of experience assessed services the vectories on or inherited to be contributed in the Wildelm $\omega$

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

• Details of the consideration must include any and all bonefits, money and other, that any person from whom a relevant interest was acquired has, or may, become a common the constderation must monoc any one or construction monoy and done, there are person into a monocontrol moved was not beginning or not of a contingency. Details must be entitled to receive in relation to that acqui $(7)$ entuted to receive in relation to the exploration. Determined to include every made the determined on the repleasing of notice a contingency. Determined by the person from whomIncluded of any benefit paid on behalf of the the relevant interest was acquired.
• 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". $(6)$
• Give details. If appropriate, of the present association and any change in that association since the last substantial holding notice. $(9)$