SUNSTONE METALS LTD — Major Shareholding Notification 2011

Feb 24, 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 thesubstantial holder on
	21/02/2011
The previous notice was given to the company on
	11/01/2011
The previous notice was dated
	11/01/2011

2. Previous and present voting power

The total number of voies attached to all the voting shares in the company or voting interests in the scheme that the substantial holder oran 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 Shares	28,555,828	16.3%	28,555,828	13.65%

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 of change (6)	Consideration given inrelation to change (7)	Class and numberof securitiesaffected	Person's votesaffected

4. Present relevant interests

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

Holder of	Registered holder	Person entitled to be Nature of relevant		Class and number	Person's votes
relevant interest of securities		registered as holder	Interest (8)	of securities

		(B)
PeakvilleInvestmentsLtd	CiticorpNominaes PtyLtd	$\blacksquare$	Indirect	28,555,828FPO	28,555,828

5. Changes in association

The persons who have become associates (2) of, ceased to be associates of, or have changed the nature of their association (9) 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
	____

6. Addresses

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

Name	Address
Peakville InvestmentsLtd	1/226A Kooyong Rd, Toorak, VIC 3142
Citicorp Nominees PtyLtd	GPO Box 764G, Malbourne VIC 3001

Signature

print name	Dato Siew Mun Chuang	capacity	Director
sign here	y ihun	date	23/02/2011

DIRECTIONS

(1) If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the manager and trustee of an equity trust), the names could be included in an annexure to the form. If the relevant interests of a group ofpersons are essentially similar, they may be referred to throughout the form as a spe

(2) See the definition of "associate" in section 9 of the Corporations Act 2001.

(3) See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.

• (4) The voting shares of a company constitute one class unless divided into separate classes.
• (5) The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.
• Include details of: (6)
  • any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B(4) $(a)$ applies, a copy of any document setting out the terms of any relevant agreement, and a statement by the person giving full andaccurate details of any contract, scheme or arrangement, must accompany this form, together wit contract, scheme or arrangement; and
  • $(b)$ any qualification of the power of a person to exercise, control the exercise of, or 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 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 acquiredhas, or may, become entitled to receive in relation to that acquisition. Detai
• If the substantial holder is unable to determine the identity of the person (eg. if the relevant interest arises because of an option) write $(8)$ "unknown".
• (9) Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.

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