IODM LIMITED — Remuneration Information 2011

Nov 27, 2011

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28 November, 2011

Companies Announcements Office, Australian Securities Exchange Sydney

CEO Remuneration

In relation to the appointment of Greg Curnow as CEO effective 5 December 2011 as announced on 25 November 2011, the Company advises that the key terms of a contract entered into between Mr Curnow and the Company are as follows:

• Base Salary of $185,000 pa including statutory superannuation contributions.

• After a 3 month probationary, the Company will fund Mr Curnow by an interest free, non recourse loan, so that he may acquire by placement from the Company 1,000,000 PDM shares which would vest in three equal tranches over the 3 anniversaries of the date of issue.

• The Company has a policy of incentivising achievement of specific targets by executives by payments of up to 33% of total fixed remuneration. It is proposed that after Mr Curnow has become familiar with the challenges and issues of the Company, the Company will agree with Mr Curnow one or more incentive payments to be made by the Company if specified objective performance indicators are met.

• If Mr Curnow’s employment is terminated by PDM, other than for cause, following a Change of Control within 6 months after the commencement of his employment with the Company, then in lieu of the applicable notice period, PDM will pay Mr Curnow an amount equal to 4 months Base Salary. For the purposes of this Clause “Change of Control” means that a person has acquired voting power in the Company in excess of 50% as determined in accordance with Section 610 of the Corporations Act 2001.Otherwise, Mr Curnow’s employment may be terminated by 3 months notice, either by the Company or Mr Curnow.

Paradigm Metals Ltd ABN 28 102 747 133 Suite 202, 122 Walker Street, North Sydney, AUSTRALIA 2060 Ph: +61 (2) 9955-7130 Fax: +61 (2) 8920-3576 E-mail: info@paradigmmetals.com.au

• There are no provisions in the employment contract tying payments to movements in the Company’s share price, nor any add-ons for longevity or other material built-in components.

Yours faithfully,

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Stephen Lonergan Company Secretary