SUNSTONE METALS LTD — Major Shareholding Notification 2011

Mar 23, 2011

Form 604

Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme	Avalon Minerals Ltd
ACN/ARSN	123 184 412
1. Details of substantial holder (1)
Name	Peakville Investments Ltd
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	22/03/2011
	25/02/2011
The previous notice was dated
	23/02/2011

1. Previous and present vating power

The total number of votes attached to all the voling 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	Vating power (5)	Parson's votes	Vating power (5)
Ordinary Shares	28,555,828	16.3%	22,134,028	10.58%

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 voling securities of
the company or scheme, since the substantial holder was last required to give as follows:

Date of change	Person whose relevant interest changed	Nature of change (6)	Consideration given in relation to change (7)	Class and number of securities affected	Person's votes affacted
Refer to Annexure А

4. Present relevant interests

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

FAX NO. : 100000000

Mar. 23 2011 05:09PM P1

804 Page 2 of 3 15.16y 2001

Holder of relevant interoct		Registamen holder Person conditation is a Multiple relations. C Stout Use registance on holder aniwess (6)		Gass and number LE BRO-PITAS	Parasrit votes
Paulville Investments Σtd	C150000 Newinees Pty 14d		Indirect	22,134,028 770	22,134,029

d. Changes in assess سند

The parama who have become esemblics (2) of, cessed to be exambles of, or have changed the netword frem cepedition (3) will, to s
substantial holder in minima by volves hardeds in the company reacheme are outlood:

Name and ACN/ARBM (f applicable) bindum of unperfolion.

4. Addresses

The addresses of persons nursed in this fam are as informa-

i Nama	Address
Featuring Investments i Iad	${1/224}$ Energong Rd, Tonmak, VIC 3142
Citions Monthes Pty i Ied	GPG Box 764%, Malhourna VIC 3001

Signature

antra regime.	Dates Store Mott Chunner	essagge	Olimator
sign here		ainian	21/01/2011

DURBOTIONS

• (1) if there are contour of substantial holders with aimilar or "bland showed! highbits (eq. 2 corporation of it is related purporations, or the
  In manger and teaces of an equity true), the names cours to be actuate in as
• (2) See the definition of "associate" in eaction 9 of the Corporations Act 2001.
• (b) See the definition of "minute interest" in sections COR and 1718(7) of the Corporations Act 2001.
• The volding shares of a company constitute ene wide unite a divided into a sparate classes. 04
• (5) The person's vates divided by the talel vates in the facty enterate or scheme multiplied by 100.
• $\langle \vec{u} \rangle$ incluse subale an
• $\langle \bullet \rangle$ toy mieven: agreement or other circumstances im srows of which the change in relevant internet comment. Unabaccian 8718(4)
  ಪಾಲಿಕ್ಸಾ, a draw of draw document, seding out the terms of any relevant agreement, and a statement
• any qualification of the power of a poreon to exercise, control the exercise of, or triusmos the searches of, the voring powers or
  diamate of the securities to when the reserved interest relates (instrating closify the por (ሴ)

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See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.

• (7) 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, become entitled to receive in relation to that acquisition. Detai
• (8) If the substantial holder is unable to determine the identity of the person (eg. if the relevant interest arises because of an option) write "unknown".
• (9) Give detalls, if appropriste, of the present association and any change in that association since the last substantial holding notice.

Annexure A - Changes in relevant Interests

والأوادية والمتحاجية المتعا

. . . . . . . . .

, , , , , , , , , , , , , , , , , , ,

$\sim$ 100 $\mu$

Date of	Person whose	Nature of	Consideration	Class and	Person's votes
Change	relevant	change (6)	given in	number of	affected
	interest		relation to	securities
	changed		change $(7)$	affected
22/03/2011	Peakville	On-market	\$1,080,000	6,000,000 FPO	6,000,000
	Investments Ltd	transfer
22/02/2011	Peakville	On-market	\$3,750	15,000 FPO	15,000
	Investments Ltd	sale
21/02/2011	Peakville	On-market	\$58,488	225,912 FPO	225,912
	Investments Ltd	sale
18/02/2011	Peakville	On-market	\$48,720	170,888 FPO	170,888
	Investments Ltd	sale
16/02/2011	Peakville	On-market	\$2,700	10,000 FPO	10,000
	Investments Ltd	sale

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ولاوي والموالي والمتحدث والمتحدث والمتحدث والمتحدث

$\sim$ $\sim$