IODM LIMITED — Board/Management Information 2012

Dec 17, 2012

Suite 202, 122 Walker St W www.paradigmmetals.com.au North Sydney 2060 E info@paradigmmetals.com.au New South Wales T +61 2 9955 7130 AUSTRALIA F +61 2 8920 3576

ABN 28 102 747 133

18 December 2012

Company Announcements Office Australian Securities Exchange Level 4, Exchange Centre 20 Bridge Street Sydney NSW 2000

Dear Sir / Madam

BOARD RESTRUCTURE

The Board of Paradigm Metals Limited (“the Company”) is pleased to announce the appointment of Mr Matt Pieterse as an Executive Director of the Company effective today.

Mr Pieterse has 20 years’ experience as an investment banking and corporate finance professional. Mr Pieterse is the co-founder and former Managing Director of The Beijing Axis, a China-focused advisory firm specialising in corporate finance advisory and transaction origination services. Prior to founding The Beijing Axis, he was the cofounder and Investment Director of Creative Ventures Limited, a UK Venture Capital Fund Manager and has held senior investment banking roles with Calyon and UBS. Mr Pieterse holds a B.Com Honours Degree from the University of Johannesburg.

The Board believes the appointment of Mr Pieterse will greatly assist in developing new opportunities for the Company.

Stephen Lonergan will retire from the Board and as Company Secretary by the end of December 2012. The Directors have expressed their appreciation for Mr Lonergan’s contribution to the Company.

Yours faithfully

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Stephen J Lonergan Company Secretary

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