MOTIO LTD — Board/Management Information 2012

Feb 27, 2012

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Perth Office 108 Outram Street West Perth, WA, 6005

PO Box 1974 West Perth WA 6872

T: +61 8 9476 4500 F: +61 8 6314 1587

Tuesday, 28 February 2012

ASX ANNOUNCEMENT

The Manager Company Announcements Office Australian Stock Exchange Limited PO Box H224 Australia Square SYDNEY NSW 2000

APPOINTMENT OF DIRECTOR

Red October Resources Limited (“Red October” or “the Company”) is pleased to announce the appointment of Mr Benjamin Bussell as a non-executive director. Mr Bussell will be replacing Mr Norman McCleary who has resigned.

Mr Bussell is a Senior Accountant with over 12 years’ experience in public accounting, corporate accounting and taxation. He is currently the Chief Financial Officer of ASX listed mineral exploration companies Pura Vida Energy NL, Minerals Corporation Limited and AAQ Holdings Limited and is also currently a director of ASX Listed SWW Energy Limited and Terranova Minerals NL.

The Company also advises that Mrs Tanya Woolley has resigned as joint Company Secretary, to be replaced by Matthew Foy.

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For more information:

Simon Penney Company Secretary (08) 9476 4500

About Red October Resources Ltd:

Red October Resources Limited is an Australian-based exploration company established to acquire, explore, evaluate and exploit global mineral resource projects. The Company seeks to maximise shareholder returns by actively evaluating new acquisitions and joint venture exploration opportunities in the resources sector.

Red October Resources Ltd ACN 147 799 951