NEOMETALS LTD — Board/Management Information 2011

Jun 16, 2011

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97 Outram St West Perth WA 6005 Tel: + 61 8 9322 1182 Fax: + 61 8 9321 0556

ASX/Media announcement 17 June 2011

Reed Resources Announces Appointment of Highly Credentialed Director, Dr Vanessa Guthrie

HIGHLIGHTS

• Reed Resources appoints highly credentialed Dr Vanessa Guthrie as Non Executive Director.

• Dr Guthrie joins the Reed Resources Board with extensive experience across a wide range of commodities in the Australian resources sector.

• Key appointment at a time when the Company is transforming to a multicommodity project developer.

Australian diversified resources company Reed Resources Ltd ( ASX: RDR ) (the “Company” or “Reed Resources”) is pleased to advise that it has appointed Dr Vanessa Guthrie as a Non Executive Director, effectively immediately.

Dr Guthrie’s appointment follows an extensive search for a candidate for the position, following a board initiated skills assessment, as the Company wanted to ensure it had necessary personnel in place as it undergoes a significant transformation to a commodity project developer.

Reed Resources Managing Director, Chris Reed, said Dr Guthrie brings a diverse array of skills and experience to the Company’s Board.

“To coincide with the progress towards production of its key Mt Marion Lithium, Meekatharra Gold and Barrambie Vanadium projects, and to ensure it has the necessary skills in place to optimise the development of these assets, the Reed Resources Board searched for a suitably qualified person – and Vanessa, with her strong mining and environmental background and credentials, is the perfect fit,” Chris Reed said.

“Vanessa’s experience and attributes, will add considerably to the diversity of skills of the existing executive and non- executive teams and we believe she will play a key role in enhancing our project development capabilities,” Mr Reed concluded.

Dr Guthrie’s more than 20 years of experience in the Australian resources sector covers roles ranging from Company Secretary to Mine Manager of Australia’s largest bauxite operation and with companies the calibre of Woodside Energy Ltd, Alcoa World Alumina Australia, WMC Resources, RGC Limited, Goldfields Limited and Pasminco Ltd.

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During her time within the resources sector Dr Guthrie has also worked across many key commodities, including nickel, gold, alumina, lead/zinc, copper, tin and oil & gas.

Employment History

• Chief Executive Officer - Wellard Enterprises (June 2010 to present).

• Vice President – Sustainable Development – Woodside Energy Ltd (February 2006 to June 2010).

• Sustainability Manager – Alcoa World Alumina Australia (February 2003 to October 2005).

• Mine Manager – Huntly Mine - Alcoa Australia (October 2000 to April 2002).

• Company Secretary – Goldfields Ltd (May 1997 to March 1998).

Ends

(NB: For Media Outlets a photograph of Dr Vanessa Guthrie is available upon request.)

For further information contact:

Reed Resources Media Chris Reed David Tasker Managing Director Professional Public Relations Tel: 08 9322 1182 Tel: 9388 0944

About Reed Resources

Reed Resources Ltd (ASX: RDR, OTC: RDRUY) is a diversified mining and exploration Company based in Western Australia. Reed’s American Depositary Receipts (ADR’s) trade under the code RDRUY (CUSIP Number: 758254106). Each Reed ADR is equivalent to 10 ordinary shares of Reed as traded on the ASX. The Bank of New York Mellon is the depository bank.

Reed Resources has five main projects (all in Western Australia):

• Mount Marion – High-grade Lithium project located about 40km south of Kalgoorlie in JV with Mineral Resources Limited. World’s second biggest lithium concentrate operation under construction. Commissioning to occur in December 2011.

• Meekatharra – Recently acquired 2.7M oz Gold project with 3Mtpa processing plant and associated infrastructure, conducting resource re-optimisation and feasibility study to recommence gold production in second half of 2012.

• Barrambie – Definitive Feasibility Study completed on the production 6300t of vanadium per annum. Currently in approvals process. MOU with China Nonferrous Metals for EPC & Financing assistance.

• Comet Vale – Evaluating recommencement of high-grade underground gold production, currently on care & maintenance.

• Mount Finnerty – Iron ore JV with Cliffs Natural Resources & Nickel Farm-in with Barranco Resources NL.

Website: www.reedresources.com