DREADNOUGHT RESOURCES LTD — Board/Management Information 2013

Mar 13, 2013

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Australian Securities Exchange Announcement

14 March 2013

ASX Market Announcements Australian Securities Exchange 20 Bridge Street SYDNEY NSW 2000

ERO TO FOCUS ON NEW OPPORTUNITIES

The Board of ERO Mining Limited (‘ERO’) wishes to advise that it is in the process of evaluating a number of new minerals exploration and development opportunities.

As a significant proportion of the current ERO asset base is not viable for on-ground exploration activities (due to delays with permitting and other approvals), the Company is intending to ensure it is in a position to add shareholder value through value-accretive acquisitions.

With this change in focus, ERO advises that Mr Kevin Lines has resigned from his position as Chief Executive Officer, effective immediately. Kevin has been involved with the Company since its inception in 2006 but has decided to pursue other business and personal interests.

The ERO board, in conjunction with the Company’s corporate advisers, will be responsible for the evaluation of any new opportunities and will advise investors when appropriate as to the outcomes from this process.

The Board would like to take this opportunity to thank Kevin for his efforts and commitment to the Company during what has on occasions been a challenging business environment and to wish him well in his future endeavours.

Robert Kennedy Chairman

14 March 2013

For further information please contact:

Mr Duncan Gordon Executive Director Adelaide Equity Partners Limited M: 0404 006 444

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

ERO Mining Limited ACN 119 031 864 | Level 3, 100 Pirie Street, Adelaide SA 5000 | PO Box 3126 Norwood South Australia 5067 Phone 61 8 7324 3195| Fax 61 8 8312 5576| Email info@eromining.com | web www.eromining.com