Ann: Board and Management Restructure, page-5

Non-Executive Chairman, Mr Craig Hart and Non-Executive Director Mr Richard Little offered to step down
from the Board. The Board has accepted their resignations with immediate effect. Mr Little has agreed to
continue to provide financial management services on a consulting basis until a transition is effected.
Mr Ashley Pattison, Mr Peter Huljich, and Mr Sean Gregory are continuing as Non-Executive Directors. The
Board has elected Mr Sean Gregory as Non-Executive Chairman.
The Board has resolved to commence the search for a dedicated Chief Executive Officer to drive the
Company’s projects to the next level in their development.

Send them to jail.