Resolute Mining Limited — Major Shareholding Notification 2009

Dec 3, 2009

FORM 604 Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder
To Company Name/Scheme	RESOLUTE MINING LTD
ACN/ARSN	097 088 689
1. Details of substantial holder(1)
Name	Bank of America Corporation
ACN/ARSN (if applicable)
There was a change in the interests of the substantial holder on$2$ -Dec-09
The previous notice was given to the company on		29-Oct-09
The previous notice was dated		27-Oct-09

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		Previous Notice	Present Notice
securities (4)	Person's votes (5)	Voting power (6)	Person's votes (5)	Voting power (6)
OrdinaryShares	19,478,879	5.09%	24,499.611	6.41%

3. Changes in relevant interests

Particulars of each change in, or change in the nature of a relevant interst 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 notico to the company or scheme are as follows.

Date of change charged	Person whoserelevant interest	Nature of change (6)	Consideration given inrelation to change (7)	Class of securities affected	Securities	l Person's votesaffected
	Merrill LynchInternational	Prime Broker withrehypothecation rightpursuant to PrimeBrokerage agreement(sce relevant clausebelow)*		Ordinary Shares	442.024	442.024
	Memil LynchInternational	Market Transactions		Ordinary Shares	1.748	1.748
	Merrill LynchInternational(Australia) Ltd	Collateral Received		Ordinary Shares	4.576.960	4,576,960

12.9 The Customer hereby consents (without any further notice, consent or reference) to MLI from time to time utilising any Securities for MLI's own purposes and for its own benefit on the terms specified in this Clause 12.9 (Including, for the avoidance of doubt, the retention of any profit generated as a result of such utilisation)........

$\bar{\mathcal{L}}$ .

4. Present relevant interests

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

Holder ofirelevantlinterest	Registered holderof securities	Persons entitled to beregistered as holder (8)	Nature of relevantinterest (6)	Class of securities Securities		Person's votes
Bank ofAmerica Corporation	Deemed Interestfrom Associates	IN/A	Indirect Owner	Ordinary Shares	24,499,611	24,499.511
Merrill Lynch International	Merrill LynchInternational	Prime Broker withrehypothecation rightpursuant to PrimeBrokerage agreement.	Beneficial Owner	Ordinary Shares	1,579,200	1,579,200
Merrill LynchInternational	Merrill LynchInternational	Merrill Lynch International Beneficial Owner		Ordinary Shares	7.417	7.417
Merrill LynchInternational (Australia) Ltd	Merrill LynchInternational(Australia) Limited	Merrill Lynch International(Australia) Limited	Beneficial Owner	Ordinary Shares	22,912,994	22,912,994

5. Changes in association

The persons who have become assciates (2) of, ceased to be associates of, or changed the nature of their association (9) with, the substantial holder inrelation to voting interests in the company or schome are as follow

Name and ACN/ARSN (if	700000000000000000000000000000000000000.
(applicable)	Nature of association
	——
-----$\overline{\phantom{a}}$	,,,,,--

6. Addresses

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

Name	Address
Bank of America Corporation	100 North Tryon Street, Charlotte, North Carolina, 28255
Merrill Lynch International	Merrill Lynch Financial Centre, 2 King Edward Street, London EC1A 1HQ
Merrill Lynch International∤(Australia) Ltd	Level 38, Governor Phillip Tower, 1 Farrer Place, Sydney 2000

*This report is submitted on the basis of our present understanding of ASIC's current policy on reporting by Prime Brokers

Signature

print name	John O'Toole	capacity	Associate General Counsel,Bank of America Corporation
sign here		date	4-Dec-09