XPEDRA RESOURCES LIMITED — Major Shareholding Notification 2002

Nov 19, 2002

COMPANY	Australian Stock Exchange
ATTENTION	Companies Announcements
FACSIMILE NO.	1300 300 021	DATE	20 November 2002
NO. OF PAGES (INC. THIS PAGE)	3
FROM	Paul Taylor
SUBJECT	Lafayette Mining Limited

Dear Sirs

Attached is Form 604 relating to a change in our substantial shareholding in Lafayette Mining Limited

Yours faithfully

Paul R Taylor Company Secretary

CONFIDENTIAL

This facsimile contains information which is confidential and privileged. If you are not the intended recipient you must not peruse, use, disseminate, distribute or copy this information. If you have received this facsimile in error please notify us immediately by facsimile or telephone (we will accept reverse charges) and destroy the original.

Thank you.

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F:\LION\ASX\2002\F-013ASX.DOC\pt

Form $604$ Corporations Law 671B

Notice of change in interests or entitlements of substantial shareholder

To:	company name	LAFAYETTE MINING LIMITED ACN 076 390 451 ("Lafayette")
Substantial shareholder name		LION SELECTION GROUP LIMITED ACN 077 729 572 ("Lion")
		gives notice of a change in relevant interests

1. Previous notice

ł,

Particulars of the substantial shareholder's entitlements to voting shares in the company at the time at which it was last required to give a substantial shareholding notice to the company are contained in the notice given to the company on

Insert date $(d/m/y)$ 17/06/2002
The notice was dated $(d/m/y)$ 17/06/2002

2. Previous and present entitlement to voting shares

The total number and percentage of shares in each class of voting shares in the company to which the substantial shareholder was entitled when last required, and when now required, to give a substantial shareholding notice to the company, are:

Class of voting shares	Previous notice		Present notice
	Total number	Percentage of class	Total number	Percentage of class
Fully paid ordinary shares ("Shares")	69,100,000	30.9%	99,100,000	33.8%

3. Changes in relevant interests

Particulars of each change in, or change in the nature of, relevant interests of the substantial shareholder or an associate in voting shares to which the substantial shareholder is or was entitled since the substantial shareholder was last required to give a substantial shareholding notice to the company are:

Date of change	Person whose relevant interest changed	Nature of change	Consideration given in relation to change	Class and number of shares affected
09/09/02	Lion	Shares issued pursuant to an excluded placement offer	\$500,000	10,000,000 Shares
19/11/02	Lion	Shares issued pursuant to a sub- underwritten rights issue	\$1,000,000	20,000,000 Shares

4. Present relevant interests

Particulars of each relevant interest in voting shares to which the substantial shareholder is entitled after the change are:

$\overline{1}$ Gifts mining at each year in the second second and $\overline{1}$	Person entitled to be registered as	Nature of relevant interest	Class and number of
Holder of relevant interest	holder		shares
Lion	Lion	As registered holder and beneficial 99,100,000 Shares owner.

5. Changes in association

The following persons mentioned in this form have become associates of, ceased to be associates of, or have changed the nature of their association with, the substantial shareholder in relation to voting shares in the company:

Name	Nature of association

6. Addresses

The addresses of persons named in this form are:

Name	Address
Lion	l Level 4, 15 Queen Street, Melbourne, Victoria, 3000

Signature
	name	PAUL RICHARD TAYLOR
	signature	in and	date 20/11/2002
		Secretary, Lion Selection Group Limited