SUNSHINE METALS LIMITED — Director's Dealing 2007

Dec 6, 2007

Appendix 3Y Change of Director’s Interest Notice

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	12063 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	18 July 2006

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	Direct or indirect interest	Indirect
Nature of indirect interest		Veltox Pty Ltd (Director)
(includingregistered		Heather Hills (Spouse)
holder)Note:Providedetailsofthecircumstances giving rise to the		Jamestown Holdings Pty LtdManikay Pty Ltd (Director)
relevant interest.
Date of change		7 December 2007
No. of securities held prior		11,203,403 Ordinary fully paid shares
to change		2,000,000 Options exercisable at $0.10 before 31/12/08
		9,826,889 Options exercisable at $0.20 before 31/12/08
Class		Ordinary fully paid shares
		Options exercisable at $0.10 before 31/12/08
		Options exercisable at $0.20 before 31/12/08
Number acquired		1,000,000 Options exercisable at $0.25 before 31/12/11
		1,000,000 Options exercisable at $0.35 before 31/12/11
Number disposed		Nil
Value/Consideration		$Nil
Note: If consideration is	non-cash,
providedetailsand	estimated
valuation
No. of securities held after		11,203,403 Ordinary fully paid shares
change		2,000,000 Options exercisable at $0.10 before 31/12/08
		9,826,889 Options exercisable at $0.20 before 31/12/08
		1,000,000 Options exercisable at $0.25 before 31/12/11
		1,000,000 Options exercisable at $0.35 before 31/12/11
Nature of change		Pursuant to resolution of members on 27 November 2007
Example: on-market trade, off-
market trade, exercise of options,
issue of securities under	dividend
reinvestment plan, participation in
buy-back

• See chapter 19 for defined terms.

Appendix 3Y Page 1

30/9/2001

Appendix 3Y Change of Director’s Interest Notice

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 towhich interest related prior tochangeNote: Details are only required for a contract inrelation to which the interest has changed
Interest acquired
Interest disposed
Value/ConsiderationNote: If consideration is non-cash, provide detailsand an estimated valuation
Interest after change

• See chapter 19 for defined terms.

Appendix 3Y Page 2

30/9/2001