DREADNOUGHT RESOURCES LTD — Board/Management Information 2010

Dec 22, 2010

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M I N I N G

ASX Announcement

23 DECEMBER 2010

ERO MINING LIMITED APPOINTS ACTING CHIEF EXECUTIVE OFFICER

The Manager

Companies Announcements Office Australian Securities Exchange 20 Bridge Street SYDNEY NSW 2000

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Mr Shane Gale, Acting Chief Executive Officer

ERO Mining Limited (ERO) has appointed Mr Shane Gale as the Company’s interim Chief Executive Officer, pending completion of the proposed acquisition by ERO of unlisted lithium and uranium explorer, South East Energy Limited (South East).

Mr Gale, currently a Director of South East, is experienced in the formation, development and team leadership of start-up ventures that have achieved organisational growth. Most recently, he was Logistics Manager with Cheetham Salt Limited and has been involved with exploration and mining in the Northern Territory.

In a statement, the ERO Board said Mr Gale brought to the Company a confidence and persistence displayed with his involvement in the formation, development and team leadership of start-up ventures. His appointment will further enhance ERO’s ability to make the previously announced transition to a mainstream Australian-based lithium, uranium and gold explorer and developer.

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David W Godfrey Company Secretary

ERO Mining Limited ACN 119 031 864 62 Beulah Road Norwood South Australia 5067 PO Box 3126 Norwood South Australia 5067 Phone 61 8 8132 7970 Fax 61 8 8132 7999 Email info@eromining.com web www.eromining.com

For Further inFormation

Please contact ERO Mining Limited on 08 8132 7970, or

Investor Relations: Mr Duncan Gordon, Executive Director, Adelaide Equity Partners on 08 8232 8800 or 0404 006 444

Further information relating to ERO Mining Limited and its various exploration projects can be found on its website: www.eromining.com