GRATIFII LIMITED — Board/Management Information 2012

Oct 24, 2012

25 OCTOBER 2012

Appointment of Chairman & Relocation of Head Office

African focused iron ore explorer, Waratah Resources Limited (ASX: WGO) (“Waratah” or “the Company”), is pleased to welcome Sir Michael Bromley to the position of Chairman and advise of the upcoming relocation of Waratah’s head office to Sydney, New South Wales.

Board of Director Appointment and Resignations

Sir Michael Bromley brings with him a wealth of international business experience built over 40 years of operating companies in numerous countries, including Singapore, Indonesia, Australia, Russia, China and Papua New Guinea (PNG). After graduating from school, Sir Michael joined Collins and Leahy, a public company trading in the Highlands of PNG and subsequently started his own company, Bromley and Manton, in 1973. Sir Michael sold Bromley and Manton to Collins and Leahy in 1983 and took the position of Managing Director until 2000.

COMPANY SNAPSHOT

ASX: WGO

CAPITAL STRUCTURE

CAPITAL STRUCTURE
Ordinary shares on issue	228M
Options @ ~20c	17.6M
Options @ 30c	11M
Market cap. @ 4c	9.12M

MAJOR SHAREHOLDERS

UBS Wealth Management 21% Top 20% 47%

BOARD MANAGEMENT

Sir Michael was knighted for his services to commerce in Papua New Guinea. He has extensive corporate experience derived from residing on the board of numerous companies, including Heli Niugini Limited, Air Niugini, Orogen Minerals Limited, Steamship Trading Company Limited, Sek No: 35 Limited, Maps Tuna Limited, Chemica Ltd and Hoia Investments Ltd.

The Board values Sir Michael’s vast experience in dealing at the highest levels of business and government, extensive knowledge in developing international projects and his exceptional reputation for integrity as paramount to Waratah’s growth and progression towards becoming a large-scale iron ore producer.

Following the Board’s decision to relocate the Company’s head office to Sydney, Mr Terry Streeter and Mr Rod White have resigned from their respective roles of Chairman and Non-Executive Director of Waratah. As a major shareholder of the Company, Mr Streeter remains committed to supporting the continued development and future success of Waratah.

The Board thanks Mr Streeter and Mr White for their contributions to the corporate development of the Company during a difficult period in the financial market.

Head-office Relocation

Waratah’s head office will soon be relocated to Sydney, New South Wales. New head office details will be released before the end of Q4.

ENDS

For further information visit www.waratahresources.com.au or contact: Ben Kirkpatrick Managing Director T: +61 8 6365 4532

Sir Michael Bromley Chairman

Ben Kirkpatrick Managing Director

Jonathon Downes Non-Executive Director

Peter Bennetto Non-Executive Director

Robert Orr

Company Secretary

PROJECTS

Youkou Republic of Congo Okanabora Republic of Congo Mekambo-Est Republic of Gabon

CONTACT INFORMATION

T : +61 8 6365 4532 F : +61 8 6210 1872 E : info@waratahresources.com.au A : PO Box 8187, Subiaco East WA 6008

• W: waratahresources.com.au