Future Metals NL — Board/Management Information 2016

Jun 16, 2016

17 June 2016

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Company Announcements Office ASX Limited

By E-Lodgement

SC 55 – MORATORIUM GRANTED

BOARD & MANAGEMENT Mr Greg Bandy MANAGING DIRECTOR

Mr Nathan Rayner NON-EXECUTIVE DIRECTOR

Mr Jason Bontempo NON-EXECUTIVE DIRECTOR

Mr Aaron Bertolatti COMPANY SECRETARY

Issued Capital: 425M ASX Code: RMP Closing price: A$0.021 AIM Code: RMP Closing Price: £0.0104

Red Emperor Resources NL (ASX | AIM: RMP) is pleased to provide the following update with respect to Service Contract 55 (SC 55), offshore Palawan Basin in the Philippines.

Red Emperor has been advised that the Joint Venture (JV) has formally received approval from the Philippines Department of Energy for a two-year moratorium, until 23 December 2017, on required work activity under Service Contract 55. During the moratorium period, the consortium will conduct specialised geophysical studies in the area surrounding the Hawkeye Prospect which encountered gas shows when it was drilled last year. Although the Hawkeye well did not encounter gas in commercial quantities, it proved the presence of an active petroleum system in the contract area which hosts the “Cinco Prospect” as well as several other leads.

As announced previously, Otto Energy Limited (ASX: OEL) has advised the JV of its intention to exit the Block SC 55 as part of its strategy to focus on its North American assets. Red Emperor intends to have its full, proportionate interest be assigned and as a result its working interest will increase from 15% to 37.5%.

In conjunction with Red Emperor’s commitment to SC 55, the Board continues to review and evaluate new opportunities it believes could compliment the current assets in the portfolio. The Company looks forward to providing the market with more information on these potential opportunities as they develop.

REGISTERED OFFICE Level 1 35 Richardson Street West Perth WA 6005

POSTAL ADDRESS PO Box 1440 West Perth WA 6872

CONTACT DETAILS Tel: +61 8 9212 0102

WEBSITE redemperorresources.com

SHARE REGISTRY

Computershare Level 2 45 St Georges Terrace Perth WA 6000 Tel: 1300 555 159

NOMINATED ADVISER

Grant Thornton UK LLP 30 Finsbury Square London EC2P 2YU Tel: +44 (0) 207 383 5100

For and on behalf of the Board

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Greg Bandy Managing Director

UK BROKER Brandon Hill Capital 1 Tudor Street London EC4Y 0AH Tel: +44 (0) 203 463 5010

AUSTRALIAN BROKER 708 Capital Pty Ltd Level 9, 25 Bligh Street Sydney NSW 2000 Tel: +61 2 9112 2500

ASX CODE | AIM CODE RMP