Resolute Mining Limited — Major Shareholding Notification 2008

Mar 26, 2008

ASX ANNOUNCEMENT

SUBSTANTIAL SHAREHOLDER NOTICE

Please find attached a copy of a substantial shareholder notice received by the Company today.

For and on behalf of the Board

GREG FITZGERALD Company Secretary

27 March 2008

RESOLUTE MINING LIMITED A.B.N. 39 097 088 689 4th Floor, BGC Centre, 28 The Esplanade, Perth, Western Australia 6000. P.O. Box 7232 Cloisters Square, Perth, Western Australia 6850 Telephone : (08) 9261 6100 Facsimile : (08) 9322 7541 Email : contact@resolute-ltd.com.au

Form 604

Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

In Company Name/SchemeACN/ARSN	RESOLUTE Mining LTD
1. Details of substantial holder(1)NameACN/ARSN (if applicable)	Alliance Life Common Fund LTD
There was a change in the interests of thesubstantial holder onThe previous notice was given to the company onThe previous notice was dated	25,308

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 r

Class of securities (4)	Previous notice		Present noticePerson's votes	Voting power (5)
つんか	Person's votes68552566	Voting power (5)$38.7$ %	1112054122	39.97

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 thesubstantial holder was last required to give

Date ofchange	Person whoserelevant interestchanged	Nature ofchange (6)	Considerationgiven in relationto change (7)	Class andnumber ofsecuritiesaffected	Person's votesaffected
	Sie AppendatA

4. Present relevant interests

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

Holder of	Registered	Person entitled	Nature of	Class and	Person's votes
relevant	holder of	to be registered	relevant	number of
interest	securities	as hotder [8]	interest (6)	securities
	Isse Appendix A

فقتحاص

ففقته

5. Changes in association

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

Name and ACN/ARSN (if applicable)	Nature of association
ISZE APPENDER A

6. Andresses

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

Name	Address
SEE Appension A

Signature

COARARD0.225print name	الحرصيةcapacity
sign here	date $26$

DIRECTIONS

• 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 equity trust), the names could be included in an annex $(1)$ form
• See the definition of "associate" in section 9 of the Corporations Act 2001. Ø
• See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001. 冏
• The voting shares of a company constitute one class unless divided into separate classes. $(4)$
• The person's votes divided by the total votes in the body corporate or scheme multiplied by 100. (5)
• Include details of: $|6\rangle$
  • any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B(4) applies, a copy of any contracted by company of server chours were served by this are change in process interest occurred. In subsection or rapid applies, a copy of andocument setting out the terms of any relevant agreement, and a statement by $(a)$
  • 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 (b) 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.

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, becom e become or an encoupled for the statement of the substantial holder or its associate in relation to the acquisitions, even if the appening or not of a contingency. Details must be encluded even if the benefit is conditional $\sigma$ the relevant interest was acquired.

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". 19)

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

This is Appendix A of 1 page referred to in form 604 - Notice of change in substantial shareholder

Resolute Mining Ltd - acn 097 088 689

$3.$ Changes in relevant interests

Date ofchange	Person whoserelevant interestchanges	Nature ofchange	Considerationgiven in relation tochange	Class and number ofsecurities	Person'svotesaffected
11/06/05	Alliance LifeCommon Fund Ltd	OptionsExercised	$15,619,886	19,524,858	8.5%
29/10/07	Alliance LifeCommon Fund Ltd	RightsExercised	$19,377,033	17,615,485	6.3%
26/02/08	Alliance LifeCommon Fund Ltd	On MarketSale	$1,302,878	531,787	0.2%
27/02/08	Alliance LifeCommon Fund Ltd	On MarketSale	$1,253,495	525,000	0.2%
25/03/08	Alliance LifeCommon Fund Ltd	On MarketBuy	$14,539,280	7,418,000	2.6%

4. Present relevant interests

Holderof relevant interest	Registered holder ofsecurities	Person entitled to beregistered as holder	Nature ofrelevantinterest	Class andnumber ofsecurities	Person'svotes
Alliance Life Common	SAC All Ordinaries Index	Alliance Life Common	Beneficial	37,520,894	13.4%
Fund Ltd	Fund Pty Ltd	Fund Ltd	owner
Custodial Asset	HSBC Custody	Custodial Asset	Beneficial	16,230,000	5.8%
Finance Pty Ltd	Nominees	Finance Pty Ltd	owner
Custodial Capital	Custodial Capital	Custodial Capital	Beneficial	3,241,200	1.2%
Management Pty Ltd	Management Pty Ltd	Management Pty Ltd	owner
Alliance Life Common	ANZ Custodians	Alliance Life Common	Beneficial	5,102,023	1.8%
Fund Ltd		Fund Ltd	owner
Alliance Life Common	HSBC Custody	Alliance Life Common	Beneficial	38,908,005	13.9%
Fund Ltd	Nominees	Fund Ltd	owner
Alliance Life Common	National Nominees	Alliance Life Common	Beneficial	11,052,000	3.9%
Fund Ltd		Fund Ltd	owner

$\sqrt{5}$ Changes in association

Name and acn

SAC All Ordinaries Index Fund Pty Ltd 076 873 544 086 257 365 Custodial Asset Finance Pty Ltd

Subsidiary of Alliance Life Common Fund Ltd Common director

Nature of association

1/12 Via San Simpliciano, Milan, Italy

PO Box 2073, Rose Bay North, NSW, 2030

PO Box 2073, Rose Bay North, NSW, 2030

PO Box 2073, Rose Bay North, NSW, 2030

6 Addresses

Name

Alliance Life Common Fund Ltd Custodial Asset Finance Pty Ltd Custodial Capital Management Pty Ltd SAC All Ordinaries Index Fund Pty Ltd

Brad Goddard - Director

Date 26 March 2008

Address