MINERAL COMMODITIES LTD — Board/Management Information 2009

May 7, 2009

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Mineral Commodities Ltd ACN 008 478 653 ABN 39 008 478 653

Unit 15, Level 1, 51-53 Kewdale Road Welshpool, Western Australia 6106 PO Box 235, Welshpool DC 6986 Telephone: 61 8 9353 4890 Facsimile: 61 8 9353 4894 Email: info@mncom.com.au Web: www.mncom.com.au

8 May 2009

Australian Stock Exchange Company Announcements Office

Managing Director Remuneration

As advised on 7 May 2009, Mr Gregory Steemson has been appointed as Managing Director of Mineral Commodities Limited.

In accordance with the ASX Principles of Good Corporate Governance, MRC advises that under the agreement contemplated for Mr Steemson, he will be paid a fix sum of $20,000 per month. There are no short or long term incentives to be provided to Mr Steemson and there is no specific term to his tenure.

The Company may terminate the contract by the provision of a 1 month notice period. Mr Steemson may terminate the contract by the provision of two months notice. There are no payments upon termination of the contract.

Yours faithfully

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Peter Torre Company Secretary

For enquiries in connection with this release please contact:

Mineral Commodities Limited +61 8 9353 4890 telephone +61 8 9353 4894 facsimile e-mail: info@mineralcommodities.com.au