PEEL MINING LIMITED — Major Shareholding Notification 2009

Jun 29, 2009

Form 605

Corporations Act 2001 Section 671B

Notice of ceasing to be a substantial holder

To Company Name/Scheme	PEEL EXPLORATION LIMITED
ACN/ARSN	119 261 131
1. Details of substantialholder (1)
NameACN/ARSN (if applicable)	CRAWLEY INVESTMENTS PTY LTD (ACN 094 261 131)
The holder ceased to be a substantial holder onThe previous notice was given to the company onThe previous notice was dated	25/06/0916/03/0916/03/09
2. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest (2) of the substantial holder or an associate (3) 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	Person whose	Nature of change (4)	Consideration	Class (6) and	Person's votes affected
change	relevant interest		given in relation	number of
	changed		to change $(5)$	securities affected
25/06/09	CrawleyInvestments Ptv	Sale of shares	$585.000	3.900.000	12.6%
	Ltc

3. Changes in association

The persons who have become associates (3) of, ceased to be associates of, or have changed the nature of their association (7) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

	_______________________________________Name and ACN/ARSN (if applicable)--------------------------------------	--------------------------------------Nature oft association______________________________________	**************************************_______________________________________
	N١.	_______________________________________--------------------------------------	--------------------------------------
		--------------------------------------	----
1.

4. Addresses

		The addresses of persons named in this form are as follows:
	NameCrawley Investments Pty Ltd		Address150 Hay Street, Subiaco, WA 6008.
Signature
	print name	Ildiko Wowesny		Capacity: Company Secretary
	sign here	T tra t		date 29/06/2009
		Wildto	Processing for Processing Co