PATERSON RESOURCES LTD — Major Shareholding Notification 2011

Aug 31, 2011

Form 604

Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme	United Orogen Limited
ACN/ARSN	115 593 005
1. Details of substantial holder (1)
Name	DAVID ALAN ZOHAR
ACN/ARSN (If applicable)	N/A
There was a change in the interests of the substantial holder on		30/08/2011
The previous notice was given to the company on		18/07/2011
The previous notice was dated		18/07/2011

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 holder or
an associate (2) had a relevant interest (3) in when last required, and when now r

Class of securities (4)	Previous notice		Present notice
	Person's votes	Voting power (5)	Person's votes	Voting power (5)
Shares Ordinary	24,630,350	32.06% (based on 76,830,000 shares on issue)	44,386,332 (based on 97,159,279 shares on issue)	45.68%
	$\overline{ }$

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 the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:

Date of change	Person whose relevant interest changed	Nature of change (6)	Consideration given in relation to change (7)	Class and number of securities affected	Person's votes affected
30/08/2011	Iron Mountain Mining Limited	Iron Mountain as an associate of David Alan Zohar. David Alan Zohar has a relevant interest of $41.0%$ in Iron Mountain Mining Limited.	\$592,679.46	20,526,361 Ordinary Shares	20,526,361

4. Present relevant interests

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

Holder of relevant interest	Registered holder of securities	Person entitled to be registered as holder (8)	Nature of relevant Interest(6)	Class and number of securities	Person's votes
David Alan Zohar Julie Zohar Shoshanna Zohar Swancove Enterprises Pty Ltd	David Alan Zohar Julie Zohar Shoshanna Zohar Swancove Enterprises Pty Ltd	David Alan Zohar Julie Zohar Shoshanna Zohar Swancove Enterprises Pty Ltd	Fully Paid Ordinary Shares Fully Paid Ordinary Shares Fully Paid Ordinary Shares Fully Paid Ordinary Shares	7,691,318 7,500,002 264,401 6,500,000	7,691,318 7,500,002 264,401 6,500,000 (voting power of 22.60%)
Tron Mountain Mining Limited	Iron Mountain Mining Limited	Iron Mountain Mining Limited	Fully Paid Ordinary Shares	20,526,361	20,526,361 (voting power of 21.13%
Eagle Nickel Limited	Eagle Nickel Limited	Eagle Nickel Limited	Fully Paid Ordinary Shares	1,904,250	1,904,250 (voting power of 1.96%)

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 fo

Name and ACN/ARSN (if applicable)	Nature of association

6. Addresses

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

Name	Address
David Zohar Julio Zohar Shoshanna Zohar Swancove Enterprises Pty Ltd Iron Mountain Mining Limited Eagle Nickel Limited	C/- PO Box 3235, 256 Adelaide Terrace, Perth WA 6832
$\blacksquare$	-

Signature

print name	DAVID ALAN ZOHAR	.		capacity	Director
sign here	-44444			date	01/09/2011 A.M. A.M. ALMA

DIRECTIONS

• If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the 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 $(1)$ manager and masted or an equity mast, the names over be individed in an ampleme to the form, it the relaxant interests or a group or
  persons are essentially similar, they may be referred to throughout the form as a specifi with the names and addresses of members is clearly set out in paragraph 6 of the form.
• (2) See the definition of "associate" in section 9 of the Corporations Act 2001.
• 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 person's votes divided by the total votes in the body corporate or scheme multiplied by 100. $(5)$
• Include details of: $(6)$
• any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B(4) $(a)$ applies, a copy of any 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 $(b)$ disposal of the securities to which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).

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

• 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, become entitied to receive in relation to that acquisition. Details m $(7)$ 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.
• If the substantial holder is unable to determine the identity of the person (eg. if the relevant interest arises because of an option) write $(8)$ "unknown".
• Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice. $(9)$