QUESTE COMMUNICATIONS LIMITED — Major Shareholding Notification 2010

Dec 12, 2010

Form 604 Corporations Act 671B

Notice of change in interests of substantial holder

To: Company Name/Scheme: ALARA RESOURCES LIMITED (AUQ)

ABN 27 122 892 719

1. Details of substantial holders[(1)]

Name ACN / ABN ORION EQUITIES LIMITED ( OEQ ) ABN 77 000 742 843 QUESTE COMMUNICATIONS LTD ( QUE ) ABN 58 081 688 164

There was a change in the interests of the substantial holders on: 8 December 2010 The previous notice was given to the company on: 29 May 2007 The previous notice was dated: 29 May 2007

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 required, to give a substantial holding notice to the company or scheme, are as follows:

Class of securities(4)	Previous notice	Previous notice	Present notice	Present notice
	Person's votes	Voting power(5)	Person's votes	Voting power(5)
Ordinary Shares	8,385,699	10.4%	9,332,744	7.377%
Based on AUQ total issued share capitalof(shares)	80,500,000		126,507,500

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
				**Ordinary **	Shares
24/5/2007 to 4/1/2008	The parties named in (1) above	Various on-market purchases by OEQ	$54,033	300,000	300,000
13/12/07		AUQ shares received by OEQ pursuant to an in specie distribution of AUQ shares via a return of capital effected by Strike Resources Limited on 13 December 2007(A)	$77,645.40	647,045	647,045
8/12/2010		Dilution in shareholding interest as a consequence of AUQ undertaking a placement of 34,000,000 shares, causing total shares on issue to increase from92,507,500 to126,507,500 shares	N/A	9,332,744	9,332,744

(A) Refer to SRK ASX Market Announcement dated 14 December 2007 and titled “Value of Return of Capital and Reduction in Exercise Price of Options” and SRK Notice of Annual General Meeting and Explanatory Statement dated 22 October 2007 and released on ASX on 31 October 2007

4. Present relevant interests

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

Holder of relevant interest	Nature of relevant interest(7)	Class and number of securities
		Ordinary Shares
OEQ	Legaland beneficial holderofshares:	9,332,744
QUE	Taken under section 608(3)(b) of the Corporations Act to have a relevant interest in securitiesin whichOEQhas arelevantinterest byreasonof having controlofOEQ

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20101210 QUE and OEQ ASIC F604 - Change of Substantial Shareholder Notice re AUQ

5. Changes in association

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

Name	ACN/ARSN(ifapplicable)	Nature ofassociation
N/A	N/A	N/A

6. Addresses

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

	Name	Address
	ORION EQUITIES LIMITED ABN 77 000742843 (OEQ)	Level 14, The Forrest Centre, 221 St Georges Terrace, Perth, Western Australia 6000
	QUESTE COMMUNICATIONS LTD ABN58 081688164(QUE)	Level 14, The Forrest Centre, 221 St Georges Terrace, Perth, Western Australia 6000
	STRIKE RESOURCES LIMITED ABN 94088 88724	Level 8, The Forrest Centre, 221 St Georges Terrace, Perth, Western Australia 6000

Signature

sign here date 10 December 2010 print name VICTOR HO capacity Director and Company Secretary of OEQ sign here date 10 December 2010 print name VICTOR HO capacity Company Secretary of QUE

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 6 of the form.

• (2) See the definition of "associate" in section 9 of the Corporations Act.

• (3) See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act.

• (4) The voting shares of a company constitute one class unless divided into separate classes.

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

• (6) Include details of:

(a) any relevant agreement or other circumstance because of which the change in relevant interest occurred. 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.

(7) 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.

• (9) Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.

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