RAIDEN RESOURCES LIMITED — Interim / Quarterly Report 2011

Apr 28, 2011

Appendix 4C Quarterly report for entities admitted on the basis of commitments

Rule 4.7B

Appendix 4C

Quarterly report for entities admitted on the basis of commitments

Introduced 31/3/2000. Amended 30/9/2001

Name of entity Shell Villages and Resorts Limited

ABN 69 009 161 522 Quarter ended ("current quarter") 31 March 2011

Consolidated statement of cash flows

Cash flows related to operating activities		Current quarter$A'000	Year to date(9 months)$A'000
1.1	Recelpts from customers
1.21.31.41.51.61.7	Payments for(a) staff costs(b) advertising andmarkeling(c) research anddevelopment(d) leased assets(e) other working capitalDividends receivedInterest and other Items of a similar naturereceivedInterest and other costs of finance paidIncome taxes paidOther (provide details if material)	(38)	(63)
		(38)	(63)
	Net operating cash flows

+ See chapter 19 for defined terms.

Appendix 4CQuarterly report for entitiesadmitted on the basis of commitments

		Current quarter	Year to dale
		$A'000	(9 months)$A'000
1.8	Net operating cash flows (carried forward)	(38)	(63)
	InvestingrelatedCashflowstoactivities
1.9	Payment for acquisition of:(a) businesses (Item 5)(b) equity investments(c) intellectual property(d) physical non-current assets(e) other non-current assets
1.10	Proceeds from disposal of:(a) businesses (ilem 5)(b) equity investments(c) intellectual property(d) physical non-current assets(e) other non-current assets
1.111.121.13	Loans to other entitiesLoans repaid by other entitiesOther (provide details if material)
	Net investing cash flows
1.14	operating and investingTotalcashflows
	relatedfinancingflowsCashtoactivities
1.15	Proceeds from issues of shares, options,etc.		63
$1.16 -$1.171.181.191.20	Proceeds from sale of forfelted sharesProceeds from borrowingsRepayment of borrowingsDividends paidOther - share issue costs
	Net fi nancing cash flows		63
	Net Increase (decrease) in cash held	(30)	(63)
1.211.22	Cash at beginning of quarter/year to dateExchange rate adjustments to Item 1.20	38	63
1.23	Cash at end of quarter	0	0

• See chapter 19 for defined terms.

Appendix 4C Page $2,$

Appendix 4C Quarterly report for entities admitted on the basis of commitments

Payments to directors of the entity and associates of the directors Payments to related entities of the entity and associates of the related entities

		Current quarter$A'000
		N/A
$-1.24$	Aggregate amount of payments to the parties included in item 1.2
		N/A
1.25	Aggregate amount of loans to the partles included in item 1.11

1.26	Explanation necessary for an understanding of the transactions
	N/A

Non-cash financing and investing activities

Details of financing and investing transactions which have had a material effect on $2.1$ consolidated assets and liabilities but did not involve cash flows

N/A

Details of outlays made by other entities to establish or increase their share in businesses $2.2$ In which the reporting entity has an interest

N/A

Financing facilities available

Add notes as necessary for an understanding of the position. (See AASB 1026 paragraph 12.2).

		Amount availableSA'000	Amount usedSA 000
-3.1	Loan facilities	NIL.	nil
3.2	Credit standby arrangements	NIL	.NIL

Appendix 4C Quarterly report for entities admitted on the basis of commitments

Reconciliation of cash

Reconciliation of cash at the end of the quarter(as shown in the consolidated statement of cashflows) to the related items in the accounts is asfollows.		Current quarter$A'000	Previous quarter$A'000
4.1	Cash on hand and at bank		38
4.2	Deposits at call
4.3	Bank overdraft
4.4	Other (provide details)
	Total: cash at end of quarter (item 1.22)		38

Acquisitions and disposals of business entities

		Acquisitions(ltem 1.9(a))	Disposals(Item 1.10(a))
5.1	Name of enlily
5.2	Place of incorporationor registration
5.3	Consideration foracquisition or disposal	$\blacksquare$
5.4	Total net assets
5.5	Nature of business

Compliance statement

• This statement has been prepared under accounting policies which comply with $\mathbf{1}$ accounting standards as defined in the Corporations Act (except to the extent that information is not required because of note 2) or other standards acceptable to ASX.
• This statement does give a true and fair view of the matters disclosed. $\overline{2}$

Sign here:

Date: 29th April 2011

Richard Wyn Pritchard Director and Joint Company Secretary

• Sco chapter 19 for defined terms.

Appendix 4C Page 4

30/9/2001

Appendix 4C Ouarterly report for entities admitted on the basis of commitments

Notes

• The quarterly report provides a basis for informing the market how the entity's 1. activities have been financed for the past quarter and the effect on its cash position. An entity wanting to disclose additional information is encouraged to do so, in a note or notes attached to this report.
• The definitions In, and provisions of, AASB 1026: Statement of Cash Flows apply to $2.$ this report except for the paragraphs of the Standard set out below.
  • reconciliation of cash flows arising from operating activities to 6.2 operating profit or loss
  • $9.2$ - itemised disclosure relating to acquisitions
  • itemised disclosure relating to disposals 9.4
  • $12.1(a)$ - policy for classification of cash items
    • $12.3$ - disclosure of restrictions on use of cash
    • comparative information $13.1$
• $3.$ Accounting Standards. ASX will accept, for example, the use of International Accounting Standards for foreign entities. If the standards used do not address a topic, the Australian standard on that topic (if any) must be complied with.