IGO LIMITED — Board/Management Information 2014

Oct 5, 2014

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6 October 2014

APPOINTMENT OF PETER BUCK AS A DIRECTOR RETIREMENT OF ROD MARSTON AS A DIRECTOR

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Independence Group NL (“IGO” or the “Company”) is pleased to announce the appointment of Mr. Peter Buck as an independent non-executive director of the Company. The Company also wishes to advise that, after 14 years of service, founding director and former chairman, Dr. Rod Marston is retiring as a director effective from the close of the 2014 Annual General Meeting, being held on 20 November 2014.

“The Board and management would like to acknowledge Rod’s immense contribution to the Company and would like to thank Rod for his dedication and service,” IGO Chairman, Mr. Peter Bilbe said. “We wish Rod all the best in a well-deserved retirement from the Board of IGO.”

“The appointment of respected geologist and mining executive, Mr. Peter Buck, as Dr Marston’s replacement, will ensure that the Company continues to have the appropriate technical geological expertise at Board level.” Peter Bilbe added. “Peter Buck has been associated with the discovery and development of a number of gold and base metals deposits in Australia and Brazil and, during his career, has worked with WMC Resources, Forrestania Gold, LionOre Mining International, following its acquisition of Forrestania Gold, and managing director of Breakaway Resources. On behalf of the Company, I would like to welcome Peter.”

Background on Peter Buck M.Sc. (Geology), M.AusIMM

Mr. Peter Buck is a geologist with over 35 years’ experience in the mineral exploration and mining industry who is associated with the discovery and development of a number of mineral deposits in Australia and Brazil. Mr. Buck commenced his career and spent 23 years with WMC Resources. In 1994, Mr. Buck joined Forrestania Gold as exploration manager and, following Forrestania Gold’s acquisition by LionOre Mining International, became director of exploration and geology with LionOre Mining International until 2006. Mr. Buck played a key role in progressing the Maggie Hays, Emily Ann, Waterloo, Amorac and Thunderbox deposits from discovery through to production. Mr. Buck was managing director of Breakaway Resources from 2006 to 2009 and has been a non-executive director of Gallery Gold Ltd and PMI Gold Corporation. Mr. Buck is currently a non-executive director of Antipa Minerals Ltd.

Mr. Buck holds a Bachelor of Science (Geology) degree from Macquarie University, a Master of Science degree from the University of Manitoba, Canada and is a member of the Australian Institute of Mining and Metallurgy. Mr. Buck is a Board member of the Centre for Exploration Targeting at the University of Western Australia and Curtin University and formerly was a Vice President of the Association of Mining and Exploration Companies.

For further information contact :

Peter Bradford Managing Director and CEO Independence Group NL Ph: 08 9238 8300

Tony Walsh Company Secretary/General Manager Corporate Independence Group NL Ph: 08 9238 8300

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