Future Metals NL — Board/Management Information 2012

Jul 18, 2012

18 July 2012

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BOARD & MANAGEMENT

Manager of Company Announcements ASX Limited Level 8 Exchange Plaza 2 The Esplanade PERTH WA 6000

By E‐Lodgement

Shabeel North Drilling Update

Red Emperor Resources NL (ASX | AIM: RMP) is pleased to advise that the Shabeel North well currently being drilled in Puntland by joint venture partner and operator, Horn Petroleum Corp (TSX: HRN), is at a current depth of 1,967meters and has penetrated a 50 meter gross section of upper Jesomma sands with oil shows. An open hole drill stem test is currently underway to determine if this zone is oil or water bearing and should be concluded within the next 24 to 48 hours. Regardless of the result of this test, the well will continue to drill to the base of the Jesomma sands to evaluate any additional lower Jesomma potential pay zones.

Mr Greg Bandy EXECUTIVE DIRECTOR

Mr Jason Bontempo NON‐EXECUTIVE DIRECTOR

Mr Stephen Brockhurst NON‐EXECUTIVE DIRECTOR

Ms Rebecca Sandford Ms Shannon Robinson JOINT COMPANY SECRETARY

REGISTERED OFFICE

Ground Floor 1 Havelock Street West Perth WA 6005

POSTAL ADDRESS PO Box 1440

West Perth WA 6872

For and on behalf of the Board

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Greg Bandy Executive Director

Background

Red Emperor Resources NL (ASX: RMP | AIM: RMP) is a natural resources exploration company with interests in the frontier state of Puntland, Somalia and the Republic of Georgia.

• In Puntland, Red Emperor holds a 20% working interest in two licences encompassing the highly prospective Dharoor and Nugaal valleys. These two exploration areas cover over 36,000km[2] . Horn, the operator and 60% interest holder, has completed drilling the first well (Shabeel‐1) in a two well program and has now spudded the second well (Shabeel North). Target Depth for Shabeel North is 2,400m with the primary target being Upper Cretaceous Jesomma sands, which had good oil and gas shows and 12 – 20m of potential net pay in the Shabeel‐1 well 3.5 kilometers to the south. Shabeel‐ 1 will be flow tested following completion of Shabeel North.

• In the Republic of Georgia, Red Emperor has a 20% working interest in onshore blocks VIa and VIb, covering approx. 6,500km[2] . Joint Venture partner Range Resources Limited (ASX: RRS | AIM: RRL) previously funded a 410km 2D seismic program with independent consultants RPS Energy identifying 68 potential structures containing an estimated 2.045 billion barrels of undiscovered oil‐in‐place (on a mean 100% basis) with the first (Mukhiani‐1) of two conventional exploration wells having spudded in July 2011. The Joint Venture is now focussing on a revised development strategy that will target low‐cost, shallow appraisal drilling of the contingent resources around the Tkibuli‐ Shaori (“Tkibuli”) coal deposit, which straddles the central sections of the two blocks.

CONTACT DETAILS

Tel: +61 8 9488 5220 Fax: +61 8 9324 2400

WEBSITE

www.redemperorresources.com

SHARE REGISTRY Computershare Level 2

45 St Georges Terrace Perth WA 6000 Tel: 1300 555 159

NOMINATED ADVISER & JOINT UK BROKER Fox Davies Capital Limited 1 Tudor Street London EC4Y 0AH Tel: +44 (0) 203 463 5010

JOINT UK BROKER

Old Park Lane Capital plc 49 Berkley Square London W1J 5AX Tel: +44 (0) 207 493 8188

ASX CODE | AIM CODE RMP