PEPPERMINT INNOVATION LIMITED — Major Shareholding Notification 2011

Dec 20, 2011

Form 603

Corporations Act 2001

Section 671B

Notice of initial substantial holder

To Company Name/Scheme Chrysalis Resources Ltd ACN/ARSN 125 931 964 1. Details of substantial holder (1) Name Neale William Fong ACN / ARSN (if applicable) The holder became a substantial holder on 20/12 /2011 .

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 ofsecurities (4)	Numberofsecurities	Persons’ votes(5)	Voting power(6)
Ordinary fully paid	3,852,400	3,852,400	5.72%
shares

3. Details of relevant interests

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:

Holderof relevantinterest	Nature of relevantinterest (7)	Class andnumberofsecurities
The Fong Superannuation Fund	Registered holder	752,400 Ord shares
		50,000 Options
Riverpalm Pty Ltd ATF Fong	Registered holder	1,450,000 Ord shares
FamilyTrust		350,000 Options
Peta Lee Fong	Registered holder	75,000 Ord shares
		50,000 Options
Neale William Fong	Registered holder	1,575,000 Ord shares
		50,000 Options

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 asholder(8)	securities
The Fong	The Fong	The Fong Superannuation	752,400 Ord shares
Superannuation Fund	Superannuation Fund	Fund	50,000 Options
Riverpalm Pty Ltd ATF	Riverpalm Pty Ltd ATF	Riverpalm Pty Ltd ATF Fong	1,450,000 Ord shares
FongFamilyTrust	FongFamilyTrust	FamilyTrust	350,000 Options
Peta Lee Fong	Peta Lee Fong	Peta Lee Fong	75,000 Ord shares
			50,000 Options
Neale William Fong	Neale William Fong	Neale William Fong	1,575,000 Ord shares
			50,000 Options

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	Date of acquisition	Consideration (9)	Consideration (9)		Class and number of
interest					securities
		Cash		Non-cash
The Fong	20/12/2011	$26,250		-	525,000 Ord shares
Superannuation Fund	14/10/2011	$3,790		-	75,800 Ord shares
Riverpalm Pty Ltd ATF	20/12/2011	$46,250		-	925,000 Ord shares
FongFamilyTrust	14/10/2011	$8,750		-	175,000 Ord shares
Peta lee Fong	20/12/2011	$1,250		-	25,000 Ord shares
Neale William Fong	14/10/2011	$26,250		-	525,000 Ord shares

6. Associates

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

Name andACN/ARSN(ifapplicable)	Nature ofassociation
The FongSuperannuation Fund	Superannuation fund member / Trustee
Riverpalm PtyLtd ATF FongFamilyTrust	Director
Peta Lee Fong	Wife

7. Addresses

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

Name Address Neale William Fong 47 Irvine Street, Peppermint Grove WA 6011

Signature

print name Neale Fong capacity

sign here

==> picture [76 x 51] intentionally omitted <==

date: 21/12/2011

DIRECTIONS

• (1) 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 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.

• (5) 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 associate has a relevant interest in.

• (6) The person’s votes divided by the total votes in the body corporate or scheme multiplied by 100.

• (7) Include details of:

  • (a) 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 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

  • (b) 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 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.

• (8) 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”.

• (9) 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 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.