FMR RESOURCES LIMITED — Board/Management Information 2014

Dec 16, 2014

20 Howard Street Perth WA 6000 PO Box Z5207 St Georges Terrace WA 6831

ASX: ORX ACN: 107 371 497 www.orrexresources.com

Tel: +61 (0)43 8885 055 Email: info@orrexresources.com

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ASX Announcement

17 December 2014

CHANGE OF DIRECTORS

Orrex Resources Ltd advises that at a meeting of directors today, Mr Jeremy Bond and Mr Guy Lyons were appointed as directors of the Company and Mr Steve Robinson and Mr Jonathan Asquith resigned as directors. Mr Asquith continues as Company Secretary.

Mr Bond is an investment manager of Terra Capital, an Australian based resource fund. He previously worked as a resource analyst at RAB Special Situations Fund at RAB Capital Plc based in London. The RAB Special Situations Fund had an investment bias towards natural resources. Prior to joining RAB, Mr Bond was an associate at Azure Capital, a boutique investment bank based in Perth, WA.

Mr Bond is currently on the Board of Oklo Resources Limited and XTD Limited and holds Bachelor degrees in Commerce, Economics and Arts from the University of Western Australia

Mr Lyons has worked in the financial services industry since 2007, most recently for Euroz Securities as an institutional advisor. He previously was involved in the establishment of the Blackswan Equities institutional team before the merger with Euroz Securities. Mr Lyons' focus has been the small-capitalisation industrial and resources market. Prior to joining Blackswan, he was an advisor at Macquarie Private Wealth.

Mr Lyons holds a Bachelor degree in Agricultural Science with Honours from the University of Adelaide.

The Board expressed its thanks to the outgoing directors for their contributions to the development of the company and wished them well in their future endeavours.

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Jonathan Asquith Company Secretary

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