Dear ShareholderThe staff and management of Accent Resources...

Dear Shareholder
The staff and management of Accent Resources have worked extremely hard over the last twelve months to
position the company to take advantage of the unprecedented Chinese interest in Australian Iron Ore. To that end
over the past year Accent has reported its maiden JORC Resource at Magnetite Range, broadened its
relationship with potential Chinese partners and investors, and commenced discussions with possible purchasers
of the project.
Reporting the 391 million tonne resource at Magnetite Range in February 2010 achieved a major milestone for
Accent and immediately crystalized an asset of significant value for the company. The challenge ahead now lies
in fully extracting the value of that asset in a way which benefits all shareholders. Options open to the company
include developing the asset through to production, joint venturing the project or selling it. Any decision on
Magnetite Range will not be made until all possibilities have been evaluated.
Accent continues to progress its Vanadium project at Katanning but has concentrated primarily on Magnetite
Range. It is hoped that progress at Katanning can be accelerated in the year ahead.
During the year the Company again experienced changes to its Board with the resignation of Technical Director
Mr. Terry Butler-Blaxell who left to take up the position as Managing Director of Hazelwood Resources Ltd. Mr.
Butler- Blaxell was instrumental in the reporting of the company�s maiden resource at Magnetite Range and much
thanks must go to him for the significant contribution he has made to Accent over several years.
I am pleased to report that Accent has never been in a better position to capitalize on the investments of its many
shareholders. I look forward to the year ahead in which I am confident we can achieve an outcome in respect to
the companys flagship project at Magnetite Range, to the development of the company�s other projects and
above all to the continued growth of the Company to the benefit of all shareholders.