SUNSHINE METALS LIMITED — Director's Dealing 2006

May 8, 2006

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	28 November 2005

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	4,636,301 Ordinary fully paid shares
	3,609,893 Options exercisable at \$0.20 before 08/04/06
	2,000,000 Options exercisable at \$0.10 before 31/12/08
	2,000,000 Options exercisable at \$0.20 before 31/12/08
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	8 May 2006
No. of securities held prior to change	4,436,301 Ordinary fully paid shares
	3,609,893 Options exercisable at \$0.20 before 08/04/06
	2,000,000 Options exercisable at \$0.10 before 31/12/08
	2,000,000 Options exercisable at \$0.20 before 31/12/08
Class	Ordinary fully paid shares
	Options exercisable at \$0.20 before 08/04/06
	Options exercisable at \$0.10 before 31/12/08
	Options exercisable at \$0.20 before 31/12/08
Number acquired	200,000 Ordinary fully paid shares
Number disposed	Nil
Value/Consideration	\$0.09 per share
Note: If consideration is non-cash, provide details and estimated valuation.
No. of securities held after change	4,636,301 Ordinary fully paid shares
	3,609,893 Options exercisable at \$0.20 before 08/04/06
	2,000,000 Options exercisable at \$0.10 before 31/12/08
	2,000,000 Options exercisable at \$0.20 before 31/12/08
Nature of change
Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy- back	On market transaction

⁺ 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.