SUNSTONE METALS LTD — Major Shareholding Notification 2014

Dec 23, 2014

FORM 605 Corporations Act 2001 Section 671B

NOTICE OF CEASING TO BE A SUBSTANTIAL HOLDER

To: Company Name/Scheme AVI - Avalon Minerals Limited ACN/ARSN 123 184 412 1. Details of Substantial Holder(1) Name Acorn Capital Limited ACN/ARSN (if applicable) 082 694 531 There was a change in the interests of the 24/12/2014 substantial holder on The previous notice was given to the company on 30/10/2014 The previous notice was dated 30/10/2014

2. 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 of Change	Person whose relevantinterest changed	Nature ofchange	Consideration given inrelation to change	Class and number ofsecurities affected	Person's votesaffected
1-Nov-2014 to24-Dec-2014	Acorn Capital Limited	Sale (Post Consolidation)	($356,953.05)	15,359,932	15,359,932

3. Changes in Associates

The persons who have become associates (2) of, ceased to be associates, or have change 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) Name of Association

Print Name PAUL PALUMBO Capacity Portfolio Manager Sign Here Date 24/12/2014

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