EMETALS LIMITED — Share Issue/Capital Change 2010

Oct 20, 2010

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WEST PEAK IRON LTD ACN: 142 411 390

STATEMENT OF RESTRICTED SECURITIES

Shares (WPI)	Quantity
12 months from date of issue, (being until 22 April 2011)	1,275,000
12 months from date of issue, (being until 17 June 2011)	1,800,000
12 months from date of issue, (being until 13 October 2011)	3,500,000
24 months from date of quotation	3,550,000
Options (unlisted, exercisable at $0.20 on or before 30 June2013)	Quantity
12 months from date of issue, (being until 13 October 2011)	2,500,000
24 months from date of quotation	5,000,000

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