FMR RESOURCES LIMITED — Share Issue/Capital Change 2010

Nov 25, 2010

==> picture [452 x 67] intentionally omitted <==

STATEMENT OF COMPLETION OF AGREEMENTS

Orrex Resources Ltd ( Orrex or the Company ) is pleased to confirm completion of the following agreements:

1. The Purchase of Mining Tenements Agreement between the Company and Mr Paul Thompson dated 22 December 2009, including the payment of $28,000 and the issue of 25,000 fully paid ordinary shares in the Company. These shares are escrowed for a period of 12 months from the date of issue.

2. The float management agreement between the Company and Lincoln Capital Pty Ltd ( Lincoln ). The material terms of the agreement between the Company and Lincoln were as follows:

   • (a) Lincoln will manage the listing of the Company on a best endeavours basis ( Services ); and

   • (b) the Company shall pay for the Services on an hourly basis or capped daily rate as applicable and a success fee of 150,000 fully paid ordinary shares in the Company.

Lincoln has been issued 150,000 fully paid ordinary shares in the Company which are escrowed for a period of two years from the date of listing.