RAIDEN RESOURCES LIMITED — Interim / Quarterly Report 2010

Apr 29, 2010

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----- Start of picture text ----- SHELLVILLAGES AND RESORTS LIMITEDABN 68 009 161 522----- End of picture text -----

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Suite 20, Level 3, 72 Pitt Street Sydney NSW 2000

30 April 2010

The Company Announcements Office ASX Limited

Report on activities for January 1[st] – March 31[st] first Quarter 2010

The Company has progressed a number of important matters over the Quarter which are essential to achieving full quotation on the ASX, these include;

• Negotiation of debt conversion to equity

• Finalising management accounts from June 2008 to December 2009

• Negotiation of takeover of a small unlisted public company involved with energy assets

• Raising of capital

The Company currently has over $2.1m in debt and has since the March quarter end worked towards achieving various outcomes with creditors so that the debt burden on the Company can be significantly reduced. The Company is confident that it can secure settlement of a number of such matters within the next quarter.

Management accounts are being collated and assembled at this time, the process is nearing completion and the Company expects to deliver the accounts to the Auditor during the next quarter, the completion of debt conversion arrangements would vastly improve the audit outcome and is the priority for the Company.

The Company has reviewed a number of opportunities both within the main sector of its business and outside. The Company has taken the view that it would propagate a modest investment in whatever it considers might be best suited to providing short and medium term upside for

Address for all mail: GPO Box 5188 Sydney NSW 2001 Australia Tel: +61412224225 Fax: +612 9232 8816

shareholders. To this effect the Company is negotiating to take over a small unlisted pubic company namely Sustainable Energy Australasia Limited, this company has as its main aim the acquisition and development of a suit of energy assets including traditional oil and gas as well as sustainable and renewable energy and technology.

A number of individuals have come forward willing to participate in a capital raising. The Company will endeavour to raise capital during the next quarter to enable debt reduction and to provide ongoing working capital.

BORIS PATKIN

DIRECTOR

boris@shellvillages.com.au

Address for all mail: GPO Box 5188 Sydney NSW 2001 Australia Tel: +61412224225 Fax: +612 9232 8816