GREENWING RESOURCES LTD — Board/Management Information 2011

Nov 16, 2011

ASX / Media Release

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17 November 2011

Board Restructure

Polymetallic producer Bass Metals Ltd ( ASX: BSM ) (“Bass” or “the Company”) announces the following planned changes to its Board of Directors; the retirement of Mr Don Boyer as Chairman to be replaced by current non executive director, Mr Craig McGown and the appointment of Chief Operating Officer, Mr Victor Rajasooriar as an executive director of the Company.

Mr Boyer’s planned resignation as non-executive Chairman of Bass Metals is effective from 31 December 2011. He was a founding Director of the Company and has played a key leadership role in identifying, acquiring and developing the Company’s current projects over the past seven years. Mr Boyer said the time was right to make the move. “After 40 years in the mining industry and corporate life I would like time to pursue other interests; but this is a great industry and I certainly intend to stay engaged and to contribute as opportunities arise.”

“With Bass firmly back on track and positioned for a very promising future, after a challenging few months, I am pleased to pass the role onto fellow founding director, Mr Craig McGown. Craig is a highly experienced and capable director with specific resource focussed financial and corporate expertise which will be highly valued as Bass Metals embarks on its next growth phase,” he added.

The Board has also sought to broaden its skill set to underpin future growth with the appointment of Mr Victor Rajasooriar as Operations Director effective from 18 November, 2011. Mr Rajasooriar is a well regarded and experienced mining engineer, who has been the Company’s Chief Operating Officer for the past 12 months. Mr Rajasooriar has over 15 years experience in underground and open pit mining operations across a range of commodities and countries. Prior to joining Bass he was the Mining Operations Manager for Gold Fields Ltd, overseeing the Agnew Operations, having previously held senior management roles with Grange Resources Ltd (in Tasmania), and Newmont Mining Ltd (in Australia and Canada). Mr. Rajasooriar has had extensive experience in Operations and technical management, feasibility studies, mine constructions, mergers and acquisition studies and continuous improvement. He has played an integral role in the development of Bass Metals operations.

Bass Metals’ Managing Director, Mr Mike Rosenstreich thanked Mr Boyer for his contribution and commitment to the Company. “Don has played an invaluable role in the development of Bass Metals from Day 1. On a personal level I am very grateful to Don for his technical insight, his leadership and mentoring guidance over the past seven years. On behalf of all of the team at Bass we wish Don and Ann all the best in what I suspect will be a very busy and active retirement.”

“Victor’s appointment is the first part of a broader strategy to strengthen the Board and recognises his talents and contributions over the past 12 months since joining the Company,” Mr Rosenstreich added.

Contact

Mike Rosenstreich Managing Director - Bass Metals Limited T: +61 (0)8 6315 1300

Media

David Brook Professional Public Relations Mob : +61 0 415 096 804

Level 1, 91 Havelock Street WEST PERTH WA 6005 PO Box 1330 WEST PERTH WA 6872 Telephone (08) 6315 1300 Facsimile (08) 9481 2846 www.bassmetals.com.au

ASX / Media Release

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About Bass Metals Ltd (ASX: BSM )

Bass Metals Ltd is a growth-focused Australian base and precious metal producer with a portfolio of high quality zinc, lead, copper and gold assets in the rich Mt Read Volcanic belt in northwest Tasmania.

Listing in 2005, Bass has delivered operating profits for the past three years since 2008 based on its profitable base metals production hub at Que River in Tasmania.

The Company’s larger transformational Hellyer Mine Project has commenced production from the Fossey deposit, discovered by Bass in September 2007. The planned ore treatment rate is 350,000 tonnes per annum (tpa), through the Hellyer Mill to produce 46,000 tpa of zinc concentrate, 22,000 tpa of lead concentrates and 3,000 tpa of copper-silver-gold concentrates. Bass has off-take contracts for its lead and zinc concentrates with global multi-metals business, Nyrstar, for its copper silver concentrates with LN Metals.

The Company also has an active and successful exploration programme which has yielded new discoveries such as Fossey, Fossey East and McKay as well as new exploration targets through the use of new exploration techniques not applied in the district before. The Company’s has significant gold and polymetallic resources and is currently undertaking a feasibility study following on from positive scoping study outcomes indicating the potential to become a long-term, significant scale gold producer.

Bass has differentiated itself through successfully finding high grade polymetallic resources, strategically and incrementally building up its assets and production profile to now become an emerging mid-tier diversified mining business.

COMPETENT PERSONS STATEMENTS

EXPLORATION RESULTS

The information within this report that relates to exploration results is based on information compiled by Mr Kim Denwer who is a full time employee of the Company. Mr Denwer is a Member of the Australian Institute of Geoscientists. Mr Denwer has sufficient experience relevant to the styles of mineralisation and types of deposits under consideration and to the activities currently being undertaken to qualify as a Competent Person as defined in the 2004 edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the JORC Code)” and he consents to the inclusion of this information in the form and context in which it appears in this report.

MINERAL RESOURCES

The information in this report that relates to the Fossey Mineral Resource estimate is based on information compiled by Mr Steve Richardson who is a fulltime employee of the company and a Member of the Australasian Institute of Mining and Metallurgy. Mr Richardson has sufficient experience which is relevant to the style of mineralisation and type of deposit and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the JORC Code)”. Mr Richardson consents to the inclusion in the report of the matters based on this information in the form and context in which it appears.

ORE RESERVES

The information in this report that relates to the Fossey Ore Reserve estimate is based on information compiled by Mr Victor Rajasooriar who is a full time employee of the Company and a Member of the Australian Institute of Mining and Metallurgy. Mr Rajasooriar has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which they have undertaken to qualify as a Competent Person as defined in the 2004 Edition of the “Australasian Code for Reporting of Mineral Resources and Reserves (the JORC Code)”. Mr Rajasooriar consents to the inclusion in this report of the matters based in the form and context in which it appears.

Level 1, 91 Havelock Street WEST PERTH WA 6005 PO Box 1330 WEST PERTH WA 6872 Telephone (08) 6315 1300 Facsimile (08) 9481 2846

www.bassmetals.com.au