AUREKA LIMITED — Board/Management Information 2012

Jul 15, 2012

16 July 2012

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ASX Announcement

Navarre Minerals Limited

ABN 66 125 140 105 ASX Code: NML

Corporate Details

Issued capital: 55.8M ordinary shares 2.37M unlisted options

Directors & Management: Kevin Wilson (Non-Executive Chairman)

Geoff McDermott (Managing Director)

John Dorward (Non-Executive Director)

Colin Naylor (Non-Executive Director)

Jane Nosworthy (Company Secretary)

Contact Details

Geoff McDermott Managing Director

Navarre Minerals Limited 40 – 44 Wimmera Street Stawell VIC 3380 Australia

PO Box 385 Stawell VIC 3380 Australia

Tel: +61 (0)3 5358 8625

Email: info@navarre.com.au Website: www.navarre.com.au

Appointment of Exploration Manager

Navarre Minerals Limited (ASX Code: NML) is pleased to announce the appointment of Mr Wessley Edgar as Exploration Manager, effective 13 August 2012. Mr Edgar will be a key member of the executive team and will oversee all aspects of exploration for the Company.

Mr Edgar has more than 20 years’ experience in the resources industry, predominantly in gold mining and exploration, and also in base metals exploration. Currently, Mr Edgar is Exploration Manager at Castlemaine Goldfields Limited, with a range of responsibilities including regional exploration management and technical project assessments for business development. Prior to joining Castlemaine, Mr Edgar held geological roles with Placer Dome Asia Pacific, Goldfields Limited and Renison Goldfields Consolidated.

He holds a Bachelor of Science (Honours) from Monash University, a Master of Mineral Economics from Curtin University and is a member of the Australasian Institute of Mining and Metallurgy.

Mr Edgar’s appointment coincides with the departure of Mr Steven Harper, Chief Geologist, who ceased employment with the Company on 6 July 2012. The Board thanks Mr Harper for his contribution to the Company in the initial phase of its exploration program.

Mr Geoff McDermott, Managing Director, commented, “We are delighted to have Wess join the team to lead the next phase of our exploration program. Wess has run one of the most active exploration programs in Victoria in the past decade and has expertise in the various styles of Victorian quartz-reef hosted gold deposits. His knowledge of exploration and evaluation techniques in Victoria adds greatly to the technical expertise we are building here at Navarre. Wess has run exploration over greenfields projects (similar to our Tandarra and Kingston projects), near mine programs and exploration in mine including the inaugural JORC Mineral Resource estimation for the Castlemaine Goldfield (Chewton Deposit at Wattle Gully) and mine resources at Ballarat.”

Navarre Minerals Limited 40-44 Wimmera Street (PO Box 385), Stawell VIC 3380 Australia Tel: +61 (0)3 5358 8625 www.navarre.com.au

“Wess’s expertise across a range of gold deposit styles, including the style of mineralisation specific to the Company’s assets, as well as base metals experience, will be a great asset for Navarre.”

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For further information contact:

Mr Geoff McDermott Managing Director E: info@navarre.com.au T: + 61 (0)3 5358 8625

About Navarre Minerals Limited

Navarre Minerals Limited is an ASX-listed, Australian-based mineral exploration company searching for gold and base metal deposits in Victoria.

Our goal is to define a maiden mineral resource and to become a low-cost Victorian gold producer through exploration success.

Our assets include a recent gold discovery under shallow cover 40km from the 22Moz Bendigo Goldfield.

Navarre Minerals Limited 40-44 Wimmera Street (PO Box 385), Stawell VIC 3380 Australia Tel: +61 (0)3 5358 8625 www.navarre.com.au