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ADAVALE RESOURCES LIMITED Board/Management Information 2011

Nov 24, 2011

64300_rns_2011-11-24_bdfa4ec2-3edc-4ae7-9981-da21c853eb89.pdf

Board/Management Information

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25 November 2011

The Manager Company Announcements Office Australian Stock Exchange Limited 20 Bridge Street Sydney NSW 2000

Dear Sir/Madam,

Appointment of New Auditor and Resignation of CEO of Indonesian Activities

In accordance with ASX Listing Rule 3.16.3, Adavale Resources Limited (the Company) is pleased to advise that shareholders resolved to appoint Grant Thornton as Adavale’s auditors at today’s Annual General Meeting.

It is with regret that the Company has to also announce that the CEO of the Company’s Indonesian business interests, Mr Marshall Cooper, has resigned due to personal health concerns. Mr John Risinger will assume the role at this stage.

Sylvie Dimarco Company Secretary Adavale Resources Limited

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Address: U8-9 Forrest Street Cottesloe, Perth, Western Australia, Australia 6001 l Postal Address: PO Box 968, Cottesloe, Perth, Western Australia, Australia 6911. Telephone: (08) 9467 2049 l Facsimile: (08) 9286 2900 l Email: [email protected] l Website: www.adavaleresources.com.au