BARYS RESOURCES LIMITED — Board/Management Information 2012

May 24, 2012

MINING GROUP STRENGTHENS BOARD WITH NEW DIRECTOR APPOINTMENT

ASX RELEASE 25 MAY 2012

Mining Group Limited (ASX: MNE) is pleased to announce that Mr Colin (Cobb) Johnstone will join its Board as a Non-Executive Director, effective 24 May 2012.

Mr Johnstone was formerly Vice-President of Operations and Chief Operating Officer at Equinox Minerals Limited, prior to the C$7.6b acquisition by Barrick Gold Corporation. Mr Johnstone was also Chief Operating Officer for Sino Gold Mining Limited when Eldorado Gold Corporation acquired it for A$2.4b. Most recently, he was Managing Director of Territory Resources Limited.

Mr Johnstone is a mining engineer with over 30 years’ experience in the copper, gold and metalliferous mining industries, including both large open cut and underground operations. He holds a Bachelor of Engineering (Mining) from the University of Sydney.

Mr Johnstone has extensive industry experience, having served as General Manager at some of Australia’s largest mines, including KCGM, Australia’s largest gold producer, Olympic Dam and Northparkes. He has held senior production mining and management positions with WMC Resources and North Limited and has experience working in Zambia, China, Canada, Argentina as well as Australia.

Commenting on the appointment of Mr Johnstone, Mining Group Chairman, Mr Winton Willesee said that the Mining Group Board was delighted that Cobb Johnstone had agreed to join the Board.

“Cobb’s experience strengthens the Board at an exciting time for Mining Group. The Company has been progressing the exploration and evaluation of its Comval copper-gold project in the Philippines and has recently identified several new targets, following the successful initial drill results at the exciting Bayag Bayag prospect. Mr Johnstone has a strong track record in creating significant shareholder wealth, with a history of successful construction and operation of mines in offshore jurisdictions. His extensive operational experience will complement the Board’s existing skill set as we continue to grow the business,” added Mr Willesee.

As part consideration for his appointment, and subject to shareholder approval, Mr Johnstone will be issued 500,000 unlisted options, exercisable at 45 cents and expiring on 15 July 2014.

Further to the above mentioned appointment, Ms Shannon Coates has resigned as Non-Executive Director, effective 24 May 2012. Ms Coates will continue to provide company secretarial services to the Company.

GROUND FLOOR, 3 RICHARDSON STREET, WEST PERTH, WESTERN AUSTRALIA 6005 TELEPHONE 08 9322 6424 FAX 08 9486 1258

www.mininggroup.net.au

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An Appendix 3X “Director’s Initial Interest Notice” from Mr Johnstone and Appendix 3Z “Director’s Final Interest Notice” for Ms Coates will follow.

For further information please contact: Andrew Maurice Managing Director amaurice@mininggroup.net.au P: + 61 8 9322 6424

Media Investors Carrie Parsons Ronn Bechler LastSay Communications Market Eye carrie@lastsay.net.au ronn.bechler@marketeye.com.au P: +61-433 472 947 P: +61-400 009 774

About Mining Group Limited

Mining Group Limited (ASX: MNE) is an ASX listed, Australian based exploration company established to explore, evaluate and acquire commercially significant resource projects in Australia and overseas.

Mining Group seeks to develop the Comval Copper Gold Project in the Philippines along with exploring the prospective Western Australian based Boorara, Teutonic and Lake Christopher Projects.

Mining Group has a strong Board and management team with considerable technical, commercial and corporate experience in the resources sector.

For more information visit the Mining Group website at www.mininggroup.net.au

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