MINERAL COMMODITIES LTD — Board/Management Information 2012

Aug 5, 2012

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Mineral Commodities Ltd

ACN 008 478 653 ABN 39 008 478 653

40 Murray Road North Welshpool WA 6106, Australia PO Box 235, Welshpool DC WA 6986, Australia Telephone: 61 8 6253 1100 Facsimile: 61 8 9258 3601 Email: info@mncom.com.au Web: www.mncom.com.au

6 August 2012

Company Announcements Platform Australian Stock Exchange Limited

• MRC Appoints New CEO, Mr Andrew Lashbrooke

• Blastrite to Project Manage Development and Operation of Tormin Mineral Sands Project

The Board of Mineral Commodities Limited (ASX:MRC) (“MRC” or “the Company”) is pleased to advise that it has appointed Mr Andrew Lashbrooke as its Chief Executive Officer.

Mr Lashbrooke will take over from existing Managing Director, Mr Mark Caruso, who will assume the role of Chairman. Mr Joseph Caruso, the previous Chairman, will remain as a Non-Executive Director. The Board would like to thank Joseph Caruso for his valued contribution to the Company as Chairman over the past decade and looks forward to his ongoing contribution to the Company as a Non-executive Director. Mr Lashbrooke will report directly to MRC’s board of directors.

The appointment follows the Company’s recent announcement that it has received notification from the Department of Environmental Affairs and Development Planning that the Environmental Management Programme (EMP) for its proposed mining activities at the Tormin Mineral Sands Project (“Tormin”) has been approved by the Regional Director for the Western Cape.

The EMP was the final material impediment to the Company proceeding to undertake accelerated development activities and the Company is therefore now in a position to proceed to ensure appropriate financing is in place to develop Tormin for production to commence in the first half of 2013.

The Company’s main operating assets and exploration are based in South Africa. Accordingly the Company has decided to domicile its Key Executive Management personnel in-country to support the planned development of the Tormin operations and exploration initiatives. Mr Lashbrooke is a resident of South Africa based in Cape Town, which is proximate to Tormin.

Mr Lashbrooke is a qualified attorney with a career spanning investment banking, manufacture of FMCG products as well as processing and distributing industrial minerals. He has been supporting MRC in South Africa for the past 18 months and played a significant role in the finalization and approval of the mining rights and environmental approvals for Tormin. His Executive appointment will therefore underpin and give continuity to the development and operation of Tormin as well as MRC’s broader objectives, including the Company’s Xolobeni Mineral Sands Project.

MRC has also entered into a Memorandum of Understanding (MOU) with Blastrite (Proprietary) Limited (Blastrite) for it to project manage the development and operation of Tormin. Blastrite is South Africa’s largest producer of industrial minerals for the local surface preparation industry. The company has its head office in Cape Town and operates 9 other processing and distribution facilities in the country. Included amongst these are wet and dry heavy mineral concentration plants adjacent to Tormin.

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The key influencing factor to the appointment of Blastrite, other than an historical record of incountry experience in South Africa, performance in the management and processing of heavy industrial minerals and the role it has played with Mr Lashbrooke in the development and approval process for Tormin, is the clear economic benefit in optimizing existing MRC and Blastrite management and human resources and avoiding duplication. .

Blastrite has the experience and capabilities required for the effective implementation and operation of Tormin, including mining, procurement, warehousing, logistics, human resource management and regulatory compliance. Accordingly this relationship will not only provide immediate and established support infrastructure for Tormin, but also be provided at a lower cost than the Company would be able to achieve as a stand-alone entity.

In addition, under the management of Mr Lashbrooke and Blastrite’s Finance Director, Mr Gavin Kelman, Blastrite will provide management services such as accounting, administration and IT operations to MRC. Mr Kelman, a qualified Chartered Accountant, will assist Mr Lashbrooke on all financial matters relating to MRC.

Both parties are working towards satisfying certain conditions subsequent set out in the MOU, which include raising sufficient funds to develop the project.

Funding for the project is under review and may incorporate the sale of all non-core investments, assessment of product off-take finance as well as debt, with a view to minimizing the size of an equity issue.

At the Company’s Annual General Meeting held of 31 May 2012, shareholders approved the allotment and issue of sufficient MRC shares to raise up to $20,000,000 (twenty million) for the development of Tormin if required.

The Company hopes to be in a position to complete all financing and product off-take in the near term and will keep the market informed.

For further information please contact:

Mark Caruso Chairman

Peter Torre

Company Secretary