COPPERMOLY LIMITED — Board/Management Information 2011

Feb 7, 2011

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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

8[th ] February 2011

ASX Code: COY

CHANGE OF BOARD

Mr Peter McNeil has resigned as Non-Executive Chairman and Director of Coppermoly Limited, with effect from 4 February 2011. Mr McNeil wishes to concentrate his efforts on the management of Frontier Resources Ltd. He has been a Non-Executive Director of the Company since September 2007, prior to its initial public offering (IPO) and listing on ASX in 2008, and Chairman of the Board since November 2008.

The Board wishes to thank Mr McNeil for his valuable contributions to the Company.

Mr Dal Brynelsen will replace Mr McNeil as Non-Executive Chairman to the Board with effect from 8[th] February 2011. As there are five remaining Directors, the Board does not deem it necessary at this stage to replace Mr McNeil in his role as Non-Executive Director.

A Final Director’s Interest Notice for Mr Peter McNeil is attached.

Yours faithfully

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M. Gannon

Director & Company Secretary

Kc/mg003.11

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 COPPERMOLY LTD ABN 54 126 490 855

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	PETER ANDREW MCNEIL
Date of last notice	22 NOVEMBER 2010
Date that director ceased to be director	4 FEBRUARY 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

15,000 ORDINARY SHARES

2,500 LISTED OPTIONS (COYO, 30 CENT, EXPIRY 30 APRIL 2011)

• 2,500 LISTED OPTIONS (COYOA, 7 CENT, EXPIRY 1 DECEMBER 2011)

1,750,000 UNLISTED OPTIONS (19 CENT, EXPIRY 1 DECEMBER 2012)

750,000 UNLISTED OPTIONS (23 CENT, EXPIRY 1 DECEMBER 2012)

• See chapter 19 for defined terms.

11/3/2002

Appendix 3Z Page 2

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 interestINDIRECT INTEREST:EXPLORATION &MANAGEMENTCONSULTANTS PTY LTD(Mr McNeil is a Director andShareholder of Exploration &Management Consultants Pty Ltd)	Number & class of securities100,000 ORDINARY SHARES

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.

11/3/2002

Appendix 3Z Page 3