Future Metals NL — Board/Management Information 2017

Dec 4, 2017

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5 DECEMBER 2017

COMPANY UPDATE

Issued Capital: 425M ASX Code: RMP Closing price: A$0.023 AIM Code: RMP Closing Price: £0.011

BOARD & MANAGEMENT Mr Greg Bandy MANAGING DIRECTOR

Mr Nathan Rayner NON-EXECUTIVE DIRECTOR

Mr Jason Bontempo NON-EXECUTIVE DIRECTOR

The Board of Red Emperor Resources NL (“ Red Emperor” or the “ Company” ) is pleased to provide the following update with respect to its current activities.

As announced in its most recent quarterly report, the Company has signed a binding Heads of Agreement (HoA) with an experienced Oil & Gas exploration firm to acquire a number of strategic leases in California, prospective for oil & gas. This leasing process has now commenced with the Joint Venture hopeful of assembling the majority of the relevant leases covering two highly prospective areas within the coming weeks. During this leasing period, the JV also expects to acquire and reprocess historical seismic data across the two prospects.

Red Emperor will earn a 60% interest in the newly established Joint Venture and all subsequent leases acquired by contributing 100% of the total budget for the proposed acquisition (USD640,000) after which Red Emperor will be responsible for its 60% equity interest.

Notwithstanding the significant size and potential of the current lease acquisitions and the respective prospects contained therein, the Board continues to work diligently in pursuing other opportunities within the oil & gas sector. A number of transactions have failed to materialise over the past 12-months, despite best endeavours, although current opportunities remain under review. In light of recent circumstances and current market conditions, however, the Board has made the decision to reduce all director and corporate advisory fees by 50% until further notice, effective immediately.

Red Emperor and its Board would like to again thank all shareholders for their continued patience and looks forward to updating them again in the coming weeks.

For and on behalf of the Board

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Mr Aaron Bertolatti COMPANY SECRETARY

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

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