announcement today looks good., page-16

NiPlats advises that it has no debt or funding obligations of any nature in relation to CopperCo Limited and
that the strategy in relation to assets is unaffected by the administration of CopperCo Limited.

NiPlats currently has over $2 million funds and will make no amendment to the strategy disclosed in the
announcement dated 25 November 2008 to complete a resource estimate on the identified vanadium
deposit, together with completing metallurgical testwork to provide further support for the development
potential of the vanadium. NiPlats will also continue with the planned upgrade to the Fluorite resource, based
on the 2008 exploration programme. Upon completion of this work in the first quarter of 2009, NiPlats is
budgeted to have approximately $1.5 million cash at bank.