MATSA RESOURCES LIMITED — Board/Management Information 2007

Mar 15, 2007

KALGOORLIE-BOULDER RESOURCES LTD ABN 48 106 732 487

ASX ANNOUNCEMENT

ASX Code: KAL, KALO

16 March 2007

APPOINTMENT OF DIRECTORS

Independent Non-Executive Chairman of the Board

Kalgoorlie-Boulder Resources Ltd Group is pleased to announce the appointment of Mr Michael Atkins as independent non-executive chairman of the board of directors of Kalgoorlie-Boulder Resources Ltd ('Kalgoorlie-Boulder Resources' or 'Company') with effect from 15 March 2007.

Mr Atkins is a Fellow of the Institute of Chartered Accountants in Australia, and was a founding partner of a national Chartered Accounting practice from 1979 to 1987. Since 1987 he has been involved in the executive management of several publicly listed companies in the resources sector including gold, mineral sands and petroleum exploration and production with operations in Australia, USA, South East Asia and Africa.

He was Managing Director of Claremont Petroleum NL and Beach Petroleum NL during 1990 and 1991 during their reconstruction, and then remained as a nonexecutive director until 1995. Mr Atkins played an important part in the restructure of Beach Petroleum NL from the brink of insolvency, enabling it to later emerge into one of Australia's most successful oil and gas companies with a current market capitalisation of approximately \$1 billion.

Mr Atkins was also founding Executive Chairman of Gallery Gold NL (in 1993 until 1998, and remained a Non-executive Director until 2000).

From January 2004 until January 2006, Mr Atkins was Chairman of Marion Energy Ltd ('Marion': formerly Carpenter Pacific Resources Ltd). During this period, Marion went from a small oil and gas company with a market capitalisation of approximately \$10 million to an emerging oil and gas company with extensive interests in the USA and having a market capitalisation of approximately \$150 million.

He is currently Chairman of Montagu Capital Ltd, the holding company for Montagu Stockbrokers Pty Ltd, and is also non-executive chairman of Westgold Resources Ltd and Legend Mining Ltd.

Non-Executive Directors

Pursuant to the terms of the agreement to acquire Australian Gold Investments Pty Ltd. Mr Stanley Lewis and Mr Richard Alter have been appointed as non-executive directors of the Company.

Mr Lewis and Mr Alter jointly owned 100% of the issued capital of RASL AU LLC ('RASL') which, following the issue of shares to RASL pursuant to the abovementioned acquisition, owns 31.5% of the issued capital in Kalgoorlie-Boulder Resources.

Mr Lewis is a real estate investor in the northeast USA who is currently involved in a joint venture development with Manekin LLC ('Manekin'; see below) in a 300 plus townhome community development. He has formerly owned and managed gold bearing properties in Liberia, Brazil, and the Dominican Republic. Mr Lewis' history includes experience as a precious metals smelter, refiner and assayer, and he has owned a smelter and refinery in New York City and Baltimore, USA. Mr Lewis has represented precious metal lots at Johnson Matthey, Englehart and The Royal Canadian Mint.

Mr Alter has for fifteen years served as President and CEO of Baltimore based, Manekin, LLC. He overseas all corporate operations, with primary focus on development.

Mr. Alter has overseen the development of more than 10 million square feet of property throughout the Baltimore/Washington region. The diverse portfolio is valued in excess of US\$750 million.

Mr Alter serves on many community councils including the John Hopkins Heart Institute Initiative Advisory Council. Previously, he has served on the Governor's Commission of Growth in the Chesapeake Bay Region, Mayor's Task Force, as well as the Boards of Harbor Bank, Levindale Geriatric Hospital, the Maryland Heart Association, and a number of other organizations.

For further information please contact:

John Coles Company Secretary Tel: (08) 9228 9742

Appendix 3X

Rule 3.19A.1

Initial Director's Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.

Introduced 30/9/2001.

Name of entity KALGOORLIE-BOULDER RESOURCES LTD
ABN 48 106 732 487

We (the entity) give ASX the following information under listing rule 3.19A.1 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	RICHARD ALTER
Date of appointment	15 March 2007

Part 1 - Director's relevant interests in securities of which the director is the registered holder

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of "notifiable interest of a director" should be disclosed in this part.

Number & class of securities

⁺ See chapter 19 for defined terms.

Part 2 – Director's relevant interests in securities of which the director is not the registered holder

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Name of holder & nature of Number & class of Securities interest Note: Provide details of the circumstances giving rise to the relevant interest.
RASL AU LLC in which Richard Alter and Stanley Lewis jointly own.	50,000,000 fully paid ordinary shares

Part 3 – Director's interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of "notifiable interest of a director" should be disclosed in this part.

Detail of contract
Nature of interest
Name of registered holder (if issued securities)
No. and class of securities - to which interest relates

$+$ See chapter 19 for defined terms.

Appendix 3X

Rule 3.19A.1

Initial Director's Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.

Introduced 30/9/2001.

Name of entity KALGOORLIE-BOULDER RESOURCES LTD
ABN 48 106 732 487

We (the entity) give ASX the following information under listing rule 3.19A.1 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	STANLEY LEWIS
Date of appointment	15 March 2007

Part 1 - Director's relevant interests in securities of which the director is the registered holder

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of "notifiable interest of a director" should be disclosed in this part.

Number & class of securities

⁺ See chapter 19 for defined terms.

Part 2 – Director's relevant interests in securities of which the director is not the registered holder

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Name of holder & nature of Number & class of Securities interest Note: Provide details of the circumstances giving rise to the relevant interest.
RASL AU LLC in which Richard Alter and Stanley Lewis jointly own.	50,000,000 fully paid ordinary shares

Part 3 – Director's interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of "notifiable interest of a director" should be disclosed in this part.

Detail of contract
Nature of interest
Name of registered holder (if issued securities)
No. and class of securities - to which interest relates

$+$ See chapter 19 for defined terms.