FIRST LITHIUM LIMITED — Board/Management Information 2007

Sep 9, 2007

==> picture [127 x 44] intentionally omitted <==

ADVANCED ENGINE COMPONENTS LIMITED

ACN: 009 081 770

==> picture [39 x 76] intentionally omitted <==

14 ENERGY STREET PO BOX 3126 MALAGA 6090 WESTERN AUSTRALIA

TEL: +61 8 9209 6900 FAX: +61 8 9209 6999

ISO 9001 Lic.13705 SAI Global

10 September 2007

The Company Announcements Office Australian Stock Exchange Limited Level 10, Exchange Centre Bond Street SYDNEY NSW 2000

By: e-lodgement (ASX code: ACE)

Dear Sirs

RESIGNATION OF DIRECTOR – Mr William Lee

The Company wishes to advise that Mr. William Lee has resigned as a Director of Advanced Engine Components Limited to concentrate on his role as Vice President - Structured Finance Group at CITIC Capital, a leading China-focused investment management and advisory firm in Hong Kong.

The Company thanks Mr. Lee for his contribution and service and extends best wishes for success in his future career.

Yours sincerely

==> picture [92 x 45] intentionally omitted <==

Susan Hunter

Company Secretary

==> picture [454 x 32] intentionally omitted <==