Ann: Mount Ridley Strengthens Board and Leadership Team, page-2

Non-Executive Chairman, David Wall commented:“Mount Ridley is a standout in the junior resources sector with many of the hallmarks that can resultin creation of substantial shareholder value. The most important of these hallmarks being its hugeupside potential, which is poised to be unlocked by clearly defined milestones. I am looking forwardto assisting the Board and Management in this process for what is a potentially world class scandium,gallium and rare earth portfolio. I am proud to be part of such a compelling opportunity at thisimportant juncture.