SUNSHINE METALS LIMITED — Director's Dealing 2004

Dec 23, 2004

Rule 3.19A.2

Appendix 3Y

Change of Director's Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.

Introduced 30/9/2001.

Name of Entity	- Pelican Resources Limited
ABN	12 063 388 821

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Darryl Francis Lynton-Brown
Date of last notice	9 April 2003

Part 1 - Change of director's relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Direct or indirect interest	1,564,794 Ordinary fully paid shares
	1,039,820 Options exercisable at \$0.20
Nature of indirect interest	D F Lynton-Brown Pty Ltd (Director)
(including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.
Date of change	11 November 2004
No. of securities held prior to change	1,043,196 Ordinary fully paid shares
	518,222 Options exercisable at \$0.20
Class	Ordinary fully paid shares
	Options exercisable at \$0.20 on or before 8 April 2006
Number acquired	521,598 Ordinary fully paid shares
	521,598 Options exercisable at \$0.20
Number disposed	Nil
Value/Consideration	\$0.035 per share
Note: If consideration is non-cash, provide details and estimated valuation	SNil per option
No. of securities held after change	1,564,794 Ordinary fully paid shares
	1,039,820 Options exercisable at \$0.20
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy- back	Participation in non-renounceable rights issue

⁺ See chapter 19 for defined terms.

Part 2 – Change of director's interests in contracts

Detail of contract	N/A
Nature of interest
Name of registered holder (if issued securities)
Date of change
No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed
Interest acquired
Interest disposed
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation
Interest after change

$+$ See chapter 19 for defined terms.

Rule 3.19A.2

Appendix 3Y

Change of Director's Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.

Introduced 30/9/2001.

Name of Entity	PELICAN RESOURCES LIMITED.
ABN	12 063 388 821

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	John Henry Hills
Date of last notice	16 February 2004

Part 1 - Change of director's relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Direct or indirect interest	11,203,403 Ordinary fully paid shares 6,897,455 Options exercisable at \$0.20
Nature of indirect interest (including registered holder) Provide details ο£ Note: the. circumstances giving rise to the relevant interest. Date of change	Veltox Pty Ltd (Director) Heather Hills (Spouse) Jamestown Holdings Pty Ltd Manikay Pty Ltd (Director) 11 November 2004
No. of securities held prior to change	8,311,897 Ord fully paid 4,005,949 Options exercisable
Class	Ordinary fully paid shares Options exercisable at \$0.20 on or before 8 April 2006
Number acquired	2,891,506 Ord fully paid 2,891,506 Options exercisable at \$0.20
Number disposed	Nil
Value/Consideration Note: If consideration is non-cash. provide details and estimated valuation	\$0.035 per share SNil per option
No. of securities held after change	11,203,403 Ordinary fully paid shares 6,897,455 Options exercisable at \$0.20
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Participation in non renounceable rights issue

Part 2 - Change of director's interests in contracts

⁺ See chapter 19 for defined terms.

Detail of contract	N/A
Nature of interest
Name of registered holder (if issued securities)
Date of change
No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed
Interest acquired
Interest disposed
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation
Interest after change

$+$ See chapter 19 for defined terms.

Rule 3.19A.2

Appendix 3Y

Change of Director's Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public. Introduced 30/9/2001.

Name of Entity Pelican Resources Limited ABN 12 063 388 821

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	John Palermo
Date of last notice	9 April 2003

Part 1 - Change of director's relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Direct or indirect interest	5,061,313 Ordinary fully paid shares
	3,374,208 Options exercisable at \$0.20
	Seashells Resort Pty Ltd (Director)
Nature of indirect interest
(including registered holder)	Bargrae Nominees Pty Ltd (Director)
Note: Provide details of the circumstances giving	PAJ Investments Ptv Ltd (Director)
rise to the relevant interest.
Date of change	11 November 2004
No. of securities held prior to change	3,374,209 Ordinary fully paid shares
	1,687,104 Options exercisable at \$0.20
Class	Ordinary fully paid shares
	Options exercisable at \$0.20 on or before 8 April 2006
Number acquired	1,687,104 Ordinary fully paid shares
	1,687,104 Options exercisable at \$0.20
Number disposed	Nil
Value/Consideration	\$0.035 per share
Note: If consideration is non-cash, provide	SNil per option
details and estimated valuation
No. of securities held after change	5,061,313 Ordinary fully paid shares
	3,374,208 Options exercisable at \$0.20
Nature of change	Participation in non-renounceable rights issue
Example: on-market trade, off-market trade,
exercise of options, issue of securities under
dividend reinvestment plan, participation in buy-
back

Part 2 - Change of director's interests in contracts

⁺ See chapter 19 for defined terms.

Detail of contract	N/A
Nature of interest
Name of registered holder
(if issued securities)
Date of change
No. and class of securities to
which interest related prior to
change Note: Details are only required for a contract in relation to which the interest has changed
Interest acquired
Interest disposed
Value/Consideration
Note: If consideration is non-cash, provide details and an estimated valuation
Interest after change

$+$ See chapter 19 for defined terms.