XREF LIMITED — Major Shareholding Notification 2007

Apr 19, 2007

Form 603

Corporations Act 2001

Section 671B

Notice of initial substantial holder

	the contract of the contract of the
To Company Name/Scheme	KING SOLOMON MINES LIMITED
ACN/ARSN	AREN 122 404 666
1. Details of substantial holder $(1)$
Name	Mineral Investments Limited
ACN/ARSN (if applicable)	$\cdots$
	. $\sim$	The County
	Section
	The holder became a substantial holder on $\sim$ 1.8 / 4 / 2007.

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)	The property of	Number of securities	Person's votes (5)	Voting power (6)
Fully paid ordinary		. 6,453,090	6,453,090
		ALCOHOL: THE		. .

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: $\epsilon_2$ is $\epsilon_3$ , $\epsilon_4$ , $\epsilon_5$ , $\epsilon_7$ by $\epsilon_7$

Holder of relevant interest	$\sim$ $\sim$ $\sim$ $\sim$ Nature of relevant interest (7)	Class and number of securities.
Widespread Limited	New York Registered holder	$2,724,750$ ordinary $\sim$
. Mineral Investments Limited	Registered holder	$(3.728.340$ ordinary

4. Details of present registered holders and

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

Registered holder of Holder of relevant securities interest		Person entitled to be registered as holder (8)	Class and number of securities.
Widespread Limited	Widespread Limited		2,724,750 ordinary
Mineral Investments Limited	Mineral Investments Limited		$3.728.340$ ordinary $\sim$

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 relevant interest	Date of acquisition	Consideration (9)		Class and number of securities
		Cash	Non-cash
- N / A
.

$\bar{\psi}$ , $\bar{\psi}$

Ŷ,

i Ch

$\mathcal{A}_{\mathcal{A}_1}$

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	$\mathbf{v}_1$ and $\mathbf{v}_2$ and $\mathbf{v}_3$
. Widespread Limited	. . . 1.11111111111111111111111111111111111	Same controlling entity as substantial holder
	in contract
'. Addresses	т. $\sim$

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

$\sim$

$\hat{\mathcal{L}}_i$

$\tilde{\eta}$ , $\tilde{\tau}$

$\hat{z}_1$ , $\hat{z}_2$ , $\hat{z}_3$ , $\hat{z}_4$ , $\hat{z}_5$

Name		Address
Widespread Limited	s a c			PO Box 231, Takaka 7172, New Zealand
Mineral Investments Ltd.				PO Box 231, Takaka 7172, New Zealand
Signature
print name.	Christopher David Castle			Director capacity
sign here				19/4/2007 date
			DIRECTIONS
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 frustee 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 aimilar, 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.
See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.
The voting shares of a company constitute one class unless divided into separate classes.
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.
The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.
Include details of:
(a) arrangement; and -				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
(b) applies).		product and successful to the con-		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
See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.
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".
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.