SUNSTONE METALS LTD — Major Shareholding Notification 2009

Apr 27, 2009

604 page 1/2 15 July 2001

Form 604

Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme	AVALON MINERALS LTD
ACN/ARSN	123184412

1. Details of substantial holder(1)

Name

ACN/ARSN (if applicable)

There was a change in the interests of the substantial holder on

The previous notice was given to the company on The previous notice was dated

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 r

Class of securities (4)	Previous notice		Present notice
	Person's votes	Voting power $(5)$	Person's votes	Voting power (5)
ORDINARY SHART 4000, DDO		9.09%	0004000	$\omega \cdot \prime'$

3. Changes 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 ofchange	Person whoserelevant interestchanged	Nature ofchange $(6)$	Considerationgiven in relationto change $(7)$	Class andnumber ofsecuritiesaffected	Person's votesaffected
	SEE SCHEDULE 1

4. Present relevant interests

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

Registeredholder ofsecurities	Person entitledto be registeredas holder (8)	Nature ofrelevantinterest (6)	Class andnumber ofsecurities	Person's votes
		JEE SCHEBULE 2

$\frac{23.05,2009}{24.09,2007}$

DAVID DONALD BOYER

5. Changes in association

The persons who have become ass@iates B) of ceased to be associates ol or have changed the nature of their association (9 with, the substantial holder in relation to voting interests inthe company orscheme are as follows:

Name and ACNiARSN (if applicable)	Nature of association
Nu-	NlL

G Addresses

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

Name		Address
	)/vr ) )J4"-b &vez	4-7 Kht-,^lLA	DtMf
		t tTf FlttrA_	ln{A. Ant.{

Signature prnrname Jnrnt/*;l &rA ,**{okf/ilrt sign here ,Dl ,A&

• (1) lf there are a number of substantial holders with similar or related relevant interests (eg. a corporation ad its related corporations, or the manager andtrustee of an equity trust), the names muld be included inan annexure to the form. lf the relevant interests ofa group of persons are essentially similar, they may be referred to 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 ofthe form.
• See the definition of 'associate' in section 9 of the Corporations Act 2001 . Q)
• See the definition of .relevant interest' in sections 608 and 6718(7) of the Corporations Act 2001. 8)
• The voting shares of a company constitute one class unless divided into separate classes. (4)
• Jhe person's votes divided by the total votes in the body corporate or scheme multiplied by 100. ($
• Include details of: (6)
  • h) any relevant agreement or other circumstances because ofwhich the change in relevant interest occuned. lfsubsection 671 B(4) applies, a copy of any document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or anangement, must accompany this form, together with a written statement ceftirying this contract, scheme or anangement; and
  • (b) any qualification of the power of a person to exercise, control the exercise of, u influence the exercise of, the voting powers or disposal of the securities to which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).

See the definition of "relevant agreement" in section I of the Corporatiors Act 2001.

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, becom'e entitledtoreceiveinrelationtothatacquisition. Detailsmustbeincludedevenifthebenefitisconditionalonthehappeningornotofacontingency. Detailsmustbe included ofany benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired. 0)

lfthe substantial holder is unable to determine the idernity of the person (eg. if the relevant interest arises because ofan option) write "unknown". (B)

Give details, ifappropriate, of the present association ad any change in that association since the last substantial holding notice. (e)

Schedule 1 Ghanges in relevant interests

Date ofGhange	Percon whose relevantinterest changed	Nature of Ghange(6)	Considerationgiven inrelation tochange (7)	Glassandnumberofsecuritiesaffected	Petson'svotesaffected
14t04t2008	David Donald Boyer astrustee of the DB FamilyTrust	Dilution of interestdue to issue of6,600,000 ordinaryshares	N/A	N/A	N/A
12t01t2009	David Donald Boyer astrustee of the DB FamilyTrust	Dilution of interestdue to issue of13,000,000 ordinaryshares	NIA	N/A	N/A
23t42n009	David Donald Boyer astrustee of the DB FamilyTrust	Dilution of interestdue to issue of520,000 ordinaryshares	N/A	N/A	N/A
23t03t2009	David Donald Boyer astrustee of the DB FamilyTrust	Dilution of interestdue to issue of10,061,250 ordinaryshares	N/A	N/A	N/A

Schedule 2 Present relevant interests

Holder ofrelevantinterest	Registered holder ofsecurities	Penson entitled tobe registered asholder (8)	Nature ofrelevantinterest (6)	Glassandnumberofsecurities	Person'svotes
DavidDonaldBoyer	David Donald Boyer astrustee of the DB FamilyTrust	N/A	Trustee, DBFamily Trust		4,000,0004,000,000