SUPERIOR RESOURCES LIMITED — Major Shareholding Notification 2007

Nov 15, 2007

Form 603

Corporations Act 2001 Section 671B

Notice of initial substantial holder

To Company Name/Scheme	SUPERIOR RESOURCES LIMITED
ACN/ARSN	112 844 407
1. Details of substantial holder (1)
Name	KENNETH JAMES HARVEY
ACN/ARSN (if applicable)
12/11/2007The holder became a substantial holder on

2. Details of 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 on the date the substantial holder became a substantial holder are as follows:

Class of securities (4)	Number of securities	Person's votes (5)	Voting power (6)
ORDINARY SHARES	4,923,336	4,923,336	6.39%
OPTIONS2011	4,000,000	-	-

3. Details of relevant interests

The nature of the relevant interest the substantial holder or an associate had in the following voting securities on the date the substantial holder became a substantial holder are as follows:

Holder of relevant interest	Nature of relevant interest (7)	Class and number of securities
SEE ATTACHED

4. Details of present registered holders

The persons registered as holders of the securities referred to in paragraph 3 above are as follows:

Holder of relevantinterest	Registered holder ofsecurities	Person entitled to beregistered as holder (8)	Class and number of securities
SEE ATTACHED

5. Consideration

The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four months prior to the day that the substantial holder became a substantial holder is as follows:

Holder of relevantinterest	Date of acquisition	Consideration (9)		Class and number of securities
		Cash	Non-cash
SEE ATTACHED

6. Associates

The reasons the persons named in paragraph 3 above are associates of the substantial holder are as follows:

Name and ACN/ARSN (if applicable)	Nature of association
SEE ATTACHED

7. Addresses

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

Name	Address
SEE ATTACHED

Signature

print name	KENNETH JAMES HARVEY	capacity	SHAREHOLDER
sign here	Harriey	date	13/11/2007

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 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 7 of the form.
• See the definition of "associate" in section 9 of the Corporations Act 2001. $(2)$
• $(3)$ 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 total number of votes attached to all the voting shares in the company or voting interests in the scheme (if any) that the person or an associate has a relevant interest in.
• $(6)$ The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.
• $(7)$ Include details of:
  • $(a)$ any relevant agreement or other circumstances by which the relevant interest was acquired. If subsection 671B(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 arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement: and
  • any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or $(b)$ 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.

• $(8)$ 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".
• $(9)$ 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. Details must be included even if the benefit is conditional on the happening or not of a contingency. Details must be included of any 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.

Attachment to Form 603 (Corporations Act 2001)

Holder of relevant interest	Nature of relevant interest	Class and number of securities
Kenneth James Harvey	Self	10000 Ordinary, 4000000 Options
Elizabeth Anne Harvey	Spouse	10000 Ordinary
KJ Harvey & Associates Pty Ltd	Director	10000 Ordinary
K J Harvey & E A Harvey	Trustee	4833336 Ordinary
<harvey 2="" fund="" no="" super="">

3. Details of relevant interests

4. Details of present registered holders

Holder of relevant	Registered holder of	Person entitled to be	Class and number of
interest	securities	registered as holder	securities
Kenneth James Harvey	Kenneth James Harvey	Kenneth James Harvey	10000 Ordinary,
			4000000 Options
Elizabeth Anne Harvey	Elizabeth Anne Harvey	Elizabeth Anne Harvey	10000 Ordinary
KJ Harvey & Associates	KJ Harvey & Associates	KJ Harvey & Associates	10000 Ordinary
Pty Ltd	Pty Ltd	Pty Ltd
K J Harvey & E A	K J Harvey & E A	K J Harvey & E A	4833336 Ordinary
Harvey	Harvey	Harvey
<harvey 2="" no="" super<="" td=""><harvey 2="" no="" super<="" td=""><harvey 2="" no="" super<="" td="">	<harvey 2="" no="" super<="" td=""><harvey 2="" no="" super<="" td="">	<harvey 2="" no="" super<="" td="">
Fund>	Fund>	Fund>

5. Consideration

Holder of relevant interest	Date of acquisition	Consideration		Class and number ofsecurities
		Cash	Non-cash
Kenneth James Harvey	12/11/2007	$2000		10000 Ordinary
	before 12/11/2007	$0		4000000 Options
Elizabeth Anne Harvey	12/11/2007	$2000		10000 Ordinary
KJ Harvey & Associates Pty Ltd	12/11/2007	$2000		10000 Ordinary
K J Harvey & E A Harvey	12/11/2007 &	$161,333		4833336 Ordinary
<harvey 2="" fund="" no="" super="">	before 12/11/2007

6. Associates

Name and ACN (if applicable)	Nature of association
Kenneth James Harvey	Self
Elizabeth Anne Harvey	Spouse
KJ Harvey & Associates Pty Ltd (ACN 081 523 051)	Director
K J Harvey & E A Harvey	Trustee
<harvey 2="" fund="" no="" super="">

7. Addresses

Name	Address
Kenneth James Harvey	25 Farnworth Street, Chapel Hill, QLD 4069
Elizabeth Anne Harvey	25 Farnworth Street, Chapel Hill, QLD 4069
KJ Harvey & Associates Pty Ltd	25 Farnworth Street, Chapel Hill, QLD 4069
K J Harvey & E A Harvey	25 Farnworth Street, Chapel Hill, QLD 4069
<harvey 2="" fund="" no="" super="">