Future Metals NL — Capital/Financing Update 2011

Dec 15, 2011

redemperor RESOURCES $N_{L}$

ASX PERTH

16 December 2011

Ms Jill Hewitt Advisor Issuers (Perth) ASX Limited Level 8, Exchange Plaza 2 The Esplanade Perth WA 6000

By email

Dear Jill

Request for Trading Halt

Red Emperor Resources NL hereby requests a trading halt to be applied to all the quoted securities of the Company to apply from commencement of trading on Friday, 15 December 2011.

In accordance with Listing Rule 17.1, we provide the following information in relation to this request.

• $(a)$ The Company is seeking a trading halt pending an announcement in relation to a capital raising.
• We request the trading halt be put in place until the Company is in a position to make $(b)$ an announcement, which is expected to be before market open on Tuesday, 20 December 2011.
• $(c)$ We are not aware of any reason why a trading halt should not be granted.

Should you have any queries or would like to discuss this matter further, please do not hesitate to contact me.

Yours sincerely

Shannon Robinson Company Secretary

Background

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

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 36,000km² and have independently been assessed to potentially contain a combined 19 billion barrels of oil inplace. Red Emperor's joint venture partner and PSA operator Africa Oil Corp. (TSXV: AOI) has signed a contract with a drilling company Sakson Drilling and Oil Services as well as all related third party contracts and expects the first well to be drilled in Dharoor in Q4, 2011.

BOARD & MARIAGE MENT

$P.1/2$

Mr Gree Bands EXPORTSE DIRECTOR

Mr fascu liontengo NON-EXECUTIVE DIRECTOR

Mr. Skiphen Brochlanst NON-LANDIDY DIRECTOR

Ms Rebecca Smitterd Ms Shannon Bobinson. COMPANY SECRETARY

REGISTERED OFFICE Ground Hour Titlawshird, Street West Perrie WA 6805.

POSTAL ADDRESS 1911 Rose 1, 140 West Perth, WA, 6477.

CONTACT DETAILS 1d introduction 104-101823212100

WEBSITE www.redemperatrangee.com

SHARE REGISTRY

Computer June Tryol 45 St Georges Terrace. Penth WA 6000 Tel: 1300 595 P/R

NOMINALLY ADVISER

Call it Financial Advisors DR 61 Chrogeach Tondon LC WTAX Tel: +44 (0) 907 1 83 2900 Tax: (44 (0) 407 148 7909.

ASK CODI RMI^-

AIM CODE LIVIP.

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• In the Republic of Georgia, Red Emperor has a 20% working interest in onshore blocks VIa and VIb, covering approx. 6,500km². Joint Venture partner Range Resources Umited (ASX: RRS | AIM: RRL) last year funded a 410km 2D seismic program with independent consultants RPS Energy identifying 68 potential structures containing an estimated 2.045 billion barrels of oil-in-place (on a mean 100% basis). Two wells are to be drilled this year as part of the proposed drill program.
• The Company also has a 25% interest in the Jillewarra Project, a copper and gold project in Western Australia. This interest is free carried through until bankable feasibility study.