COPPERMOLY LIMITED — Board/Management Information 2010

Feb 15, 2010

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ADDRESS PHONE PO Box 6965 +61 (07) 5592 1001 Gold Coast Mail Centre FAX Qld 9726 Australia +61 (07) 5592 1011 EMAIL ABN 54 126 490 855 info@coppermoly.com.au WEBSITE www.coppermoly.com.au

ASX Announcement

16th February 2010

ASX Code: COY

APPOINTMENT OF EXECUTIVE DIRECTOR

The Board announces the appointment of Mr Maurice Gannon as Executive Director effective 12 February 2010. Mr Gannon also holds the position of Company Secretary (and was previously appointed Alternate Director for Bob McNeil in October 2009). He has also been recently appointed to the position of President for New Guinea Gold Corp. (Coppermoly’s largest shareholder) responsible for finance, administration, budgets and assisting the CEO.

Maurice Gannon BSc, FCIS, AFAIM, MAICD, MAusIMM was appointed as Company Secretary for Coppermoly on 30 July 2008. He holds a Bachelor of Science Degree, a Graduate Diploma in Applied Corporate Governance and a Business Management Certificate. He has a professional background in earth and environmental sciences and over twenty years experience in business and financial management.

Mr Gannon is a Fellow of the Australian Institute of Chartered Secretaries, an Associate Fellow of the Australian Institute of Management and is a member of the Australasian Institute of Mining and Metallurgy, the Australian Institute of Company Directors and AMPLA – the Australian Resources and Energy Law Association.

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Peter Swiridiuk MANAGING DIRECTOR

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