Future Metals NL — Capital/Financing Update 2011

Feb 8, 2011

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9 February 2010

Manager of Company Announcements ASX Limited

Exchange Centre 20 Bridge Street SYDNEY NSW 2001

By E‐Lodgement

Issue of Placement Shares and Cleansing Statement

Red Emperor Resources NL (ASX: RMP) confirms the issue of 50,000,000 fully paid ordinary shares at an issue price of $0.20 pursuant to its placement raising $10,000,000. Holding statements will be dispatched to shareholders today.

The Company gives notice pursuant to Section 708A(5)(e) of the Corporations Act 2001 (Cth) ("Corporations Act") that:

• (i) The shares referred to above were issued without disclosure to investors under Part 6D.2 the Corporations Act in reliance of Section 708A(5) of the Corporations Act.

• (ii) As at the date of this notice the Company has complied with the provisions of Chapter 2M of the Corporations Act as they apply to the Company and Section 674 of the Corporations Act.

• (iii) As at the date of this notice there is no excluded information to be disclosed for the purposes of Sections 708A(7) and (8) of the Corporations Act.

For and on behalf of the Board

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Shannon Caporn Company Secretary

945 Wellington Street West Perth WA 6005 Telephone: (08) 9322 7600

PO Box 1263 West Perth WA 6872 Facsimile: (08) 9322 7602

ABN 99 124 7.34 961 www.red‐emperor.com admin@red‐emperor.com