Ann: Board & Management Changes, page-2

The new composition of the board marks the next logic and important step. With Patrick Walta as leader, John Carr, and Sam Rodda we now have the experienced, motivated team (performance rights with exercise prices of A$0.10 and 0.20). This is the ambitious and hungry management to give fresh impetus to FME. They have proven records, and will focus on what is required: obtaining institutional ownership of Future Metals shares; or a strategic partner for Panton; or an individual cornerstone shareholder whilst further developing their vast resources leading to production. Time of hesitating is over now. Fed up frustrated sellers will not appear again. A Scoping Study having been weakly illustrated, and therefore punished by the market despite a good basis is history as well.