Ann: Corporate Governance Statement, page-13

Hi guys,

The Governance Statement released this afternoon, on the ASX platform, is a scheduled release that must be posted each year and the ASX requested that we release it today.

The Company, as mentioned in my earlier post, is preparing an ASX release that specifically deals with the questions raised by the market and on Social media. The Corporate Governance statement was not the announcement we were referring to earlier today.

Thanks,

Neil1959
HC QBL Authorized Rep
QUEENSLAND BAUXITE LIMITED