IODM LIMITED — AGM Information 2010

Oct 14, 2010

PARADIGM METALS LIMITED A.C.N. 102 747 133

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NOTICE OF ANNUAL GENERAL MEETING

AND

PROXY FORM

Date of Meeting 17 November 2010

Time of Meeting 10.00 am

Place of Meeting OFFICE OF PARADIGM METALS LTD LEVEL 2, 122 WALKER STREET NORTH SYDNEY, NSW 2060 AUSTRALIA

PARADIGM METALS LIMITED NOTICE OF ANNUAL GENERAL MEETING

NOTICE IS HEREBY GIVEN that the Annual General Meeting of the shareholders of Paradigm Metals Limited, ACN 102 747 133 (the " Company "), will be held at the Company’s office at Level 2, 122 Walker Street, North Sydney, NSW on 17 November 2010 commencing at 10.00 am for the purpose of transacting the following business.

AGENDA

Financial Reports

To receive and consider the annual Financial Statements of the Company for the year ended 30 June 2010 consisting of the Statement of Comprehensive Income, the Statement of Financial Position, Statement of Changes in Equity, Statement of Cash Flows, the Directors’ Report and the Independent Audit Report.

The Financial Statements are contained in the Company’s 2010 Annual Report which has been sent to requesting shareholders and is available on the Company’s website www.paradigmmetals.com.au. Shareholders will be given an opportunity to ask questions of the Directors and the Auditor in relation to these Financial Statements.

Resolution 1 – Adoption of Remuneration Report (ordinary resolution)

To receive and consider the Remuneration Report and, if thought fit, to pass the following resolution as an ordinary resolution:

“That the Remuneration Report be adopted”

Explanation

The Remuneration Report is contained in the 2010 Annual Report (refer pages 16 & 17). It is a requirement of the Corporations Act that this Report be provided to shareholders and voted upon by a vote which is advisory only and does not bind the Directors or the Company.

Resolution 2 – Re‐Election of Mr Stephen Lonergan as a Director (ordinary resolution)

To consider and, if thought fit, to pass the following resolution as an ordinary resolution:

“That Mr Stephen Lonergan, who retires by rotation in accordance with the Constitution of the Company and being eligible and offers himself for re‐election, be re‐elected a Director of the Company.”

Explanation

Details of Mr Lonergan’s qualifications and experience are contained in the Annual Report.

By order of the Board

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Stephen J Lonergan Company Secretary Paradigm Metals Limited

Dated: 15 October 2010