SUNSTONE METALS LTD — Major Shareholding Notification 2008

Jun 3, 2008

To: 93366204

604 page 1/2 15 July 2001

			Form 604Corporations Act 2001Section 6718		. .
			Notice of change of interests of substantial holder
To Company Name/Scheme			AVALON MINERALS LIMITED
ACN/ARSN
	1. Details of substantial bolder(1)
Name			Gregory Wayne & Deborah June Dewin
ACN/ARSN of applicable!
substantial holder on	There was a change in the interests of the	30,5,08
	The previous notice was given to the company on	$\frac{1}{1}$
	The previous notice was dated
	2. Previous and present voting power
			The total number of votes attached to all the voting sheres in the company or voting interests in the scheme that the substantial halder or an associate (2) had a relevant interest (3)
			in when last required, and when advance produced, to give a substanced holding notice to the company or scheme, are as follows:
	Class of securities (4)	Previous nation		Present notice
	ORD. Fully pard!	Person's votes	Voting power (5)9.88%	Voting cover (S)Person's votes$8 - 29$4,197,426	٦۵

3. Changes in relevant interests

Particulars of each creage in, or cheage in the nature of, a referant interest of the substantial holder or an associate in voting securities of the company or scheme, since thesubstantial holder was lest required to give

Date ofchange	Person whoserefevant interestchanged	Nature ofсланде (б)	Considerationgiven in relationto change (7)	Class andnumber ofsecuritiesaffected	Person's votesaffected
$J_0$ ?	ASEC	201	43500	$l$ ss, $\infty$	$10\omega tDJ$
			53500	259000	DOWN
30/5/08	DOWN		5128,583.76	200,000
2668			22808	257u

1. Present relevant interests

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

Holder ofrelevent.interest	Registaredholder ofsecurities	Person entitledto be registeredas holder (6)	Nature ofrelevantinterest (6)	Class andnumber ofsecurities	Person's votes

RO4 page 2/2 15 July 2001

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6. Changes in execciatio

The persons who have become associates (2) of, ceased to be associates of, or have changed the nature of their essociation (5) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

Name and ACN/ARSN (If applicable)	Nature of association

R. Addresses

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

All Contract of

Name	Address
$D_{\rm 0}$		1 AM
_______________________________________

Signature

DIRECTIONS

• If there are a number of substantial holders with similar or related relayent interests (eg. a corporation and its related corporations, or the manager and trusse of anaquity trust), the names could be included in an anne $(1)$ throughout the form as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 6 of the form.
• $\boldsymbol{\varnothing}$ See the definition of "associate" in section 9 of the Corporations Act 2001.
• See the definition of "relevant interest" in sections 608 and 6718(7) of the Corporations Act 2001. $\Box$
• $\left( 4\right)$ The voting shares of a company constitute one class unless divided into appenate classes.
• The parson's votes divided by the total votes in the body corporate or scheme multiplied by 100. 倚
• (6) Include details of:
  • any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 5718(4) applies, a copy of any 闽 dicument setting out the larms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or arrangement, anus: accompany this form, together with a written statement
  • 1d any quelification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or dispose of the securities to which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).

See the definition of "relevent agreement" in section 9 of the Corporations Act 2001,

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Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired has, or may, becomie $\sigma$ entitled to receiva in relation to that ecquisition. Details must be included even if the benefit is conditional on the nappening or not of a contingency. Details must be included of any benefit is exerciate in relation to the relevant interest was socialred.

(8) If the substandal holder is unable to determine the identity of the person (eg. If the relevant interest arises because of an option) write "unknown".

Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice. 艜