Australian based iron ore exploration and development company,...

Australian based iron ore exploration and development company, Kogi Iron Limited (ASX: KFE) (“Kogi
Iron” or the “Company”) is pleased to announce the appointment of Mr Iggy Tan to the role of
Managing Director effective 26 August 2013.
Mr Tan will be responsible for managing and implementing the Board’s strategy for the Company, which is currently focused on the development of its 100% owned Agbaja iron ore project located in Kogi State, Republic of Nigeria, West
Africa (“Agbaja” or “Agbaja Project”). Iggy is an executive with over 30years’ experience in the mining and chemical industry, who holds a Master of Business Administration fr
om the University of Southern Cross, a Bachelor of Science from the University of Western Australia, and is a Graduate
of the Australian Institute of Company Directors.
He is a project builder and developer having been involved with commissioning and start-ups of seven resource projects in Australia as well as overseas. His skills include Capital raising, project study, construction and operations.
Previously, Iggy held the position of Managing Director of Galaxy Resources Limited (ASX: GXY)between 2008 and 2013, where he was responsible for the capital raising,finance, construction and start-up of the Mt Cattlin Spodumene mine ($80m) and the Jiangsu Lithium Carbonate Plant ($100m),
allowing Galaxy to become the preeminent producer of high grade lithium carbonate in the world. He also oversaw the corporate takeover and acquisition of Canadian company, Lithium One. Kogi’s Non-Executive Chairman, Dr Ian Burston said “We are delighted to have Iggy accept the position of Managing Director of Kogi Iron to take responsibility for the next stage of development of the Agbaja Project.
His skills will complement those held by the Board, and his enthusiasm and experience will be a welcome addition to the team engaged in the development and building of what will become a hallmark project for minerals extraction in the Republic of Nigeria.” Mr Tan said “I am excited to join Kogi Iron and look forward to driving the development of the Agbaja Project. Agbaja represents potentially significant value to Kogi Iron shareholders, the local Agbaja community and the Republic of Nigeria”.

Remuneration
(a) Fixed remuneration is $450,000 per annum, which will be
reviewed annually, plus statutory superannuatio
n contributions (currently 9.25%). In addition, the Company will pay a motor vehicle allowance of $40,385 per annum.
(b) Mr Tan will be invited to participate in the Company’s Loan Share Plan and shall be offered 7,500,000 Loan Shares
(which will be subject to various vesting conditions to be
agreed with Mr Tan) and a corresponding limited recourse, interest free loan in accordance with the terms and conditions of the Loan Share Plan, all of which is subject
to shareholder approval