CASSIUS MINING LIMITED — Board/Management Information 2011

Mar 17, 2011

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ASX ANNOUNCEMENT 17 MARCH 2011

Resignation of Director

Gulf Industrials Limited (‘Gulf’ or ‘the Company’, ASX : GLF) wishes to advise that it has received a letter of resignation from Mr Greg Duncan as a director of the Company.

The Board wishes to thank Mr Duncan for his contribution.

Mr Duncan’s final director’s interest notice (Appendix 3Z) is attached.

*ENDS***

FURTHER INFORMATION

Vic Fitzmaurice, CEO t | +27 72 778 8889 Wayne Kernaghan, Finance Director and Company Secretary t | 02 8247 5333 Victoria Thomas, Six Degrees Investor Communication t | 03 9674 0347

Level 10 Gold Fields House 1 Alfred Street Sydney NSW 2000 ● PO Box R745 Royal Exchange NSW 1225 Australia t +61 2 8247 5333 ● f +61 2 9247 7722

ACN 115 027 033

www.gulfindustrials.com.au

Appendix 3Z Final Director’s Interest Notice

Rule 3.19A.3

Appendix 3Z

Final Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 30/9/2001.

Name of entity Gulf Industrials Limited ABN 13 115 027 033

We (the entity) give ASX the following information under listing rule 3.19A.3 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of director	Gregory Neil Duncan
Date of last notice	23/8/2010
Date that director ceased to be director	17/03/2011

Part 1 – Director’s relevant interests in securities of which the director is the registered holder

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Number & class of securities

3,731,667 ordinary shares 3,095,416 listed options expiring 30 June 2011

• See chapter 19 for defined terms. Appendix 3Z – Page 1 11/3/2002

Appendix 3Z Final Director’s Interest Notice

Part 2 – Director’s relevant interests in securities of which the director is not the registered holder

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust.

	Name of holder & nature of interest Note: Provide details of the circumstances giving rise to the relevant interest	Number & class of securities

Part 3 – Director’s interests in contracts

Detail of contract Nature of interest Name of registered holder (if issued securities) No. and class of securities to which interest relates

• See chapter 19 for defined terms. Appendix 3Z – Page 2 11/3/2002