SABRE RESOURCES LIMITED — Major Shareholding Notification 2006

Sep 14, 2006

SHAW STOCKBROKING

15 September 2006

$ref:$ SBR

Sabre Resources Limited Attn: Mr Bruce McCullagh Company Secretary 1st Floor, 8 Parliament Place West Perth WA 6005

By fax: 08 9481 7835 By fax: 1900 999 279

Dear Mr McCullagh,

RE: NOTICE OF CEASING TO BE A SUBSTANTIAL HOLDER MCNEIL NOMINEES PTY LIMITED

In accordance with section 671B of the Corporations Act please find enclosed McNeil Nominee Pty Limited's Notice of Ceasing to be a Substantial Holder in Sabre Resources Limited.

Yours faithfully,

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Craig Sidney Company Secretary McNeil Nominees Pty Limited

SHAW STOCKBROKING LIMITED A.B.N. 24 003 221 583 PARTICIPANT OF ASX GROUP AND HOLDER OF AUSTRALIAN FINANCIAL SERVICES LICENCE NO 236048

Level 16, 60 Castlereagh Street, Sydney NSW 2000 Fel (02) 9238 1238 Fax (02) 9232 1296 Toll Free 1800 636 625 GPO Box 3604, Sydney NSW 2001 DX SSE 10390

a de la companya de la companya del companya del competito del competito del companya del companya de la compa . . . . . . . . . . . . . . . . . . . This information is beyons sold and although all possible cars and standien was given to the consumeration of recommendations in this document, no responsibility can be taken for entropy and critical natural, either st to maters of judgement or led. The company, he sulverted representatives and that researche officers and employees may have a pecuniary or other interest in the mater deputesed and/or in the securities membrage. $\mathbf{I}$

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Form 605

Corporations Act 2001Section 671B

Notice of ceasing to be a substantial holder

To: Company Name/Schamo	SABRE RESOURCES LIMITED
ACN / ARSN	003 043 570
1. Details of substantial holder (1)٠
Name	MONEIL NOMINEES PTY LIMITED
ACN / ARSN (If applicable)	003 207 592
There holder ceased to be asubstantial holder on		200610914
The previous notice was given tothe company on		2006703.15
The previous notice was dated		200603/15

2. Changes in relevant interasts

Particulars of each change in, or change in the nature of, a relevant interest (2) of the substantial holder or an associate (3) in voting securities ofthe company or schame, since the substantial holder was last required follows:

Date of change			Nature of change (4)Parson whoseralavant Interast		Considerationto change (5)	Class (6) andgiven in relation I number of securitiesaffected	Person's vatesaffacted
	Ю9	/2006	changedI MONEIL NOMINEES	DECREASE	SO.00	1,090,752	3.83%

3. Changes in association

The porsons who have become associates (3) of, ceased to be associates of, or have changed the nature of their association (7) with, thesubstantial holder in relation to voting interests in the company or scheme are as fo

	Nature of Association
Name and ACN/ARSN(if applicable)
I N/A

4. Addresses

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

	Address
Nama
I MCNEIL NOMINEES PTY LTD	LEVEL 16, 60 CASTLEREAGH STREET, SYDNEY NSW 2001

Form 605 v01112005

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NO.591 $P.4/4$

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DIRECTIONS

• If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or themanager and trustee of an equity trust), the names could be included in an an $(1)$ posseries are assertingly on their strep they see tension as introduced ate torrit as a specificallygroup, with the names and addresses of members is clearly set out in paragraph 4 of the form.
• Soe the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.
• $(2)$ See the definition of "associate" In section 9 of the Corporations Act 2001. $(3)$
• Includes details of: $(4)$
• any relevant agreement or other circumstances 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 statemen $(a)$
  • this contract, schome or arrangement, and any qualification of the power of a parson to exercise, control the exercise of, or influence the exercise of, the voting powers ordisposal of the securities to which the relevant interest relates (indicating clearly the $(b)$ 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 ac-quired has, or may, become entitled to receive in relation to that acquisition. Details $(5)$
• The voting shares of a company constitute one class unless divided into separate classes.
• Give details, if appropriate of the present association and any change in that association since the fact substantial holding notice. $(6)$
• $(3)$

Form 605 v01112005

	HOLDING TRANSFERRED
NFFECTEDPERSON'SVOTES	SO 56 P763 %0.ZO %-0.42 %0.783.83597	2.3947 %
	eEဥoE요CC윤	윤
SECURITIESAFFECTED	1,940,78998.9950,000090,752120,000	681,036
CONSIDERATION GLASSS &V REI ATION TO NUMBER OFIN RELATION TO出さき舌	រុបលុ14.918.713,909.906,287.50	CURRENT HOLDING
NATURE OF CHANGE	DECREASE IN HOLDINGDECREASE IN HOLDINGDECREASE IN HOLDINGINCREASE IN HOLDING
PERSON WHOSE RELEVANTINTEREST CHANGEDDATE OF CHANGE	IS/09/2008 MCNER, NOMINEES PTY LIMITED17/02/2009 MCNEIL NOMINEES PTY LIMITED03/03/2006 MCNEIL NOMINEES PTY LIMITED28/12/2005 MCNEIL NOMINEES PTY LIMITED02/03/2006 INCREASE OF ISSUED CAPITAL

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