CASSIUS MINING LIMITED — Board/Management Information 2012

Oct 11, 2012

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ASX ANNOUNCEMENT

11 OCTOBER 2012

RESIGNATION OF CHAIRMAN

Gulf Industrials Limited (“Gulf” or “the Company”) (ASX Code: GLF) announces the resignation of its Chairman and Director, Sir Sam Jonah.

Sir Sam’s resignation comes as a result of Gulf being in discussions with Jonah Capital (of which Sir Sam is a major shareholder) regarding a finance facility and to avoid any possible conflict of interest that his Chairmanship and Directorship may pose he has decided to step down as a Director of Gulf.

The Directors, management and staff of Gulf would like to thank Sir Sam for his contribution to the Company and wish him the very best for the future.

Mr Jonathan Best has been appointed interim Chairman of the Company effective immediately.

Please find attached the Appendix 3Z.

Further Information

Mark Arnesen, CEO Wayne Kernaghan, Company Secretary

t | +61 2 8247 5333 t | +61 2 8247 5333

Gulf Industrials Limited │ 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	Sir Samuel Esson Jonah
Date of last notice	30/9/11
Date that director ceased to be director	10/10/12

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

117,600,000 fully paid ordinary shares 57,600,000 listed options exercisable at $0.025 expiring 31 December 2012 4,000,000 unlisted options exercisable at $0.086 expiring 31 March 2014 15,000,00 unlisted options exercisable at $0.05 expiring 31 March 2014

• 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 interestNote: Provide details of the circumstances giving rise tothe 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