PATERSON RESOURCES LTD — Major Shareholding Notification 2008

May 5, 2008

1

603 page 1/2 15 July 2001

			Form 603Section 671BNotice of initial substantial holder	Corporations Act 2001
To Company Name/Scheme			TERRAIN MINUTEALS			WWITED
ACN/ARSN			116 153 511
NameACN/ARSN (If applicable)2. Details of voting power	1. Details of substantial holder (1)The holder became a substantial holder onThe 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	URANIUM	$\bigcirc$61508	AND GAS LIMITE$\circ$
	refevant interest (3) in on the date the substantial holder became a substantial holder are as follows:
	Class of securities (4)		Number of securities	Person's votes (5)		Voting power (5)
	ORE					10 . 84
holder are as follows:	3. Details of relevant interestsThe 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 substantialHolder of relevant interest		Nature of relevant interest (7)		GRD	Class and number of securities
	8RANIUMO1L
			OCD	SHARLHOLDER		8,380,596
	4. Details of present registered holdersThe persons registered as holders of the securities referred to in paragraph 3 above are as follows;
	Holder of relevantinterest		Registered holder ofsecurities	Person entitled to beregistered as holder (8)		Class and mimberof securities
	URANIUM OIL		URANIUM OIL	URANIUM DIL		E 380 S 9
	la D		$\triangleleft$ GASんてて	+GAS	LAD
	The consideration paid for each relevant interest reforred to in paragraph 3 above, and acquired in the four months orior to the day that the substantial holder became asubstantial holder is as follows:Holder of relevant		Date of acquisition	Consideration (9)		Class and numberof securities
	interestیا اeonium			Cash	Non-cash
		9	-10ల్$\sigma$	55

06/05/2008 11:33 61892256474

IRON MOUNTAIN

page 2/2 15 July 2001 603

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

7. Addresses

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

Name	Address
URANIاسدا	-70. .41 O
بمصر ما سالہ	,231いに65 G B

ATERS CONNAINT COMPANY SECRETARY Signature USANNE print name sian here

DIRECTIONS

• If there are a number of substantial holders with similar or rolated relevant interests (eg. a corporation and its related corporations, or the manager and trustee of anequity trust), the names could be included in an ame $(1)$ 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 671B(7) of the Corporations Act 2001. $(3)$
• The voting shares of a company constitute one class unless divided into separate classes. $(4)$
• The total number of vates attached to all the voting spares in the company or voting interests in the scheme (if any) that the person or an associate has a relevant $(5)$ interest in.
• The person's votes divided by the total votes in the body corporate or scheme multiplied by 100. $(f_1)$
• Include details of: $(7)$

$\theta$

• any relevant agreement or other circumstances by which the relevant interest was acquired. If subsection 671B(4) applies, a copy of any document setting out ану навлат ау солнать и кона сполняються оу windit the relevant interest was adquired. In subsection or rota) applies, a copy or any cocoment setting outthe terms of any relevant agreement, and a statement by the person $\left( 3\right)$
• 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 the securities to with specification of the person of person to environmental and engineer with a magnetic engineering of the WiWhich the relevant interest relates (indicating clearly the particular securities to which the qualification ap $^{(b)}$

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".
• Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired has, or may, becomeentitled to receive in relation to that acquisition. Details m annued to receive in relation to the acquisionic octain must be manued even in the benefits conditions, even the powering of the parsim genery. Cetains and theIncluded of any benefit paid on behalf of the substantial hold $(9)$ the relevant interest was acquired.