CADOUX LIMITED — Board/Management Information 2011

Feb 3, 2011

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Friday 4 February, 2011

ASX Release (ASX code: “FYI”)

EXPERIENCED MINING EXECUTIVE APPOINTED CHIEF EXECUTIVE OFFICER

The Board of Directors of FYI Resources Limited (ASX: “FYI”) is pleased to announce that it has appointed Western Australian mining executive, Mr Roland Hill, as Chief Executive Officer of the Company. FYI is one of Western Australia’s newest uranium explorers.

Mr Hill, the former Managing Director and current Non-Executive Director of Laverton focused gold producer, Crescent Gold Limited, takes up this position effective immediately.

The appointment coincides with the elevated corporate strategy of the Company and the increased focus and activity on the group’s highly prospective Western Australian exploration assets, including advancing work on the uranium and thorium targets confirmed at its flagship and 100% owned Yarlarweelor uranium project, 125 kilometres north of Meekatharra, and the Mount James Creek uranium project, east of Carnarvon.

FYI Resources relisted on the ASX in April 2010 after emerging as an uranium explorer and successfully raising A$1.6 million to acquire the Yarlarweelor project.

Included in his responsibilities was the development of Crescent’s uranium portfolio of roll-front, IOCGU and unconformity projects in the Northern Territory and South Australia.

In his five year role at the helm of Crescent Gold, Mr Hill led the restructure of that company to achieve a sustainable production scenario now equivalent to around 100,000 ounces a year from its Laverton gold projects and to grow its market capitalization from A$10 million to more than A$200 million.

Mr Hill holds a Bachelor of Applied Science, a Bachelor of Business, a Graduate Diploma in Applied Finance and Investment and a Masters of Business Administration.

The key terms of Mr Hill’s appointment are as follows:

• A three year term which may be terminated by either Mr Hill or FYI be three month’s written notice;

• Mr Hill will be paid a fee of $15,000 plus GST per month, which shall be reviewed annually by the Board; and

• Subject to shareholder approval and certain pre-agreed Key Performance Indicators, Mr Hill will be issued up to 4,000,000 FYI ordinary shares in tranches as determined by the Board and Mr Hill.

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Further Information:

Adrian Jessup Roland Hill Director Chief Executive Officer Tel: (08) 9361 3100 Tel: (08) 9361 3100

53 Canning Highway, VICTORIA PARK, WA 6100 Postal: PO Box 375, WEST PERTH, WA 6872 Tel: +61 8 9361 3100 Fax: +61 8 9361 3184 Website: www.fyiresources.com.au ACN 061 289 218