CADOUX LIMITED — Interim / Quarterly Report 2012

Jul 30, 2012

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QUARTERLY REPORT FOR THE PERIOD ENDING 30 JUNE 2012

Activity Summary

• Diamond core drilling set to commence at Yarlarweelor end of July 2012

• A number of acquisition and corporate opportunities in various commodities were reviewed as part of management’s growth plan

REVIEW OF OPERATIONS JUNE QUARTER 2012

YARLARWEELOR: Uranium project – WA (100% interest)

The Yarlarweelor uranium project is located 125 km north of Meekatharra in Western Australia 2 and consists of two granted exploration licences covering an area of 656km .

The Company is targeting significant uranium mineralization (in the form of uraninite) present within the Archaean Despair Granite where it is associated with biotite schists in shear zones.

Previous FYI mineralised drill intersections on the project include:

 35m @ 503ppm U3O8 from 125.1m, including 5m @ 1,069ppm U3O8; and

• 7.8m @ 588ppm U3O8 from 47.8m, including 1m @ 1,873ppm U3O8

Results from a detailed airborne radiometric survey and geological mapping indicate shear zones prospective for uranium mineralization have a combined strike length in excess of 25 kilometres exist within the Company’s tenements.

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Diamond core drilling is scheduled to commence at the end of July targeting biotite schist zones at Anomaly 18 which are associated with a strong airborne radiometric anomaly. Surface spectrometer readings have returned values up to 366ppm eU 3 O 8 at this locality.

The program, which consists of one 180m deep hole, is expected to take about a week to complete with assays returned by the end of August.

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Yarlarweelor Location Map

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Yarlarweelor U308 Drill Targets

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NEW PROJECT REVIEW

During the quarter the Company continued its extensive review of a number of project opportunities outside of the current uranium strategy. Several of these projects are located abroad.

Whilst the FYI board consider that the uranium sector displays very good long term investment characteristics and supports its ongoing involvement in the sector, management believe that there is opportunity to secure, explore and develop other favourable projects that will deliver value to shareholders. FYI continues to monitor a number of these potentially major projects.

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Further Information:

Adrian Jessup Roland Hill Director Chief Executive Officer Tel: (08) 9361 3100 Tel: 0414666178

eU3O8 are values obtained using a calibrated Exploranium GR-135 spectrometer.

The information in this report that relates to Exploration Results has been compiled by Mr. David Ross B.Sc(Hons), M.Sc. who is an employee of Empire Resources Ltd. He is a member of the Australasian Institute of Mining and Metallurgy and the Australian Institute of Geoscientists. He has sufficient experience which is relevant to the style of mineralization and type of deposit under consideration and to the activity to which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. David Ross consents to the inclusion in the public release of the matters based on his information in the form and context in which it appears.