SABRE RESOURCES LIMITED — Major Shareholding Notification 2006

Apr 2, 2006

Form 604

Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

Company Name/SchemeTo I	SABRE RESOURCES LIMITED
ACN/ARSN	003 043 570
1. Details of substantial holder (1)Name	Coniston Pty Ltd ACN 008 943 093;٠James John del Píano;٠(collectively, the "Group")	Kalgoorlie Mine Management Pty Ltd ACN 009 235 625;
ACN(if applicable)	See above
There was a change in the interests of thesubstantial holder on		28/02/2006
The previous notice was given to the company on		12/05/2005
The previous notice was dated		12/05/2005

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 securities.(4	Previous notice		Present notice
	Persons's votes	Voting power (5)	Persons' votes	Voting power (5)
Ordinary Shares	.706.020	17.43%	,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,3,836,020	13.49%

3. Change 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 the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:

Date of change	Person whoserelevant interestchange	Nature ofchange (6).	Considerationgiven in relationto change $(7)$	Class andnumber ofsecuritiesaffected	Person's votesaffected
20 September2005		Shares on issueincreased to23,434,851
20 September2005	Each member ofthe Group	Acquisition ofshares.	For facilitatingacquisition ofmineralexplorationtenements	330,000 fully paidordinary shares	Each member ofthe Group
10 October2005	Each member ofthe Group	Sale of Shares	$65,626	200,000 fully paidordinary shares	Each member ofthe Group
13 October2005		Shares on issueincreased to24.434,851
20 October2005		Shares on issueincreased to25.434.851
28 February2006		Shares on issueincreased to28.434,851

4. Present relevant interests

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

Holder ofrelevantinterest	Registeredholder ofsecurities	Person entitled.to beregistered asholder (8)	Nature of relevantinterest $(6)$	Class andnumber ofsecurities	Persons'votes
Each member ofthe Group	Coniston Pty Ltd	Coniston Pty Ltd	Relevant interest by virtueof $s.608(1)$ of theCorporations Act 2001.	1.500.000fully paidordinaryshares.	13.49%
Each member ofthe Group	Kalgoorlie MineManagementPtv Ltd	Kalgoorlie MineManagementPtv Ltd	Relevant interest by virtueof $s.608(1)$ of theCorporations Act 2001.	1,430,000fully paidordinaryshares.	13.49%
Each member ofthe Group	James John delPiano	James John delPiano	Relevant interest by virtueof $s.608(1)$ of theCorporations Act 2001.	906.020 fullypaidordinaryshares.	13.49%

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 fo

Name and ACN (if applicable)	Nature of association
Coniston Pty Ltd	James John del Piano controls the exercise of a power to dispose of thesecurities held by Kalgoorlie Mine Management Pty Ltd and Coniston Pty Ltd.
Kalgoorlie Mine Management Pty Ltd.	James John del Piano controls the exercise of a nower to dispose of thesecurities held by Kalgoorlie Mine Management Pty Ltd and Coniston Pty Ltd.
James John del Piano	James John del Piano controls the exercise of a power to dispose of thesecurities held by Kalgoorlie Mine Management Pty Ltd and Coniston Pty Ltd.

6. Addresses

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

Name	Address
Coniston Pty Ltd	8 Parliament Place, West Perth, Western Australia 6005
	Kalgoorlie Mine Management Pty Ltd 8 Parliament Place, West Perth, Western Australia 6005
James John del Piano	8 Parliament Place, West Perth, Western Australia 6005

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Signature
	print name	l ∿,JAMES JOHN DEL PIANO	DIRECTORcapacity:
	sign here	consederation	date:******************