NEURIZER LTD — Board/Management Information 2008

Jun 29, 2008

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Monday 30 June 2008

COMPANY ANNOUNCEMENTS OFFICE AUSTRALIAN STOCK EXCHANGE

New Marathon Resources board appointment heralds next development stage

Marathon Resources Limited (ASX: MTN) is pleased to announce the appointment of Dr John G (Shad) Linley as a Non-Executive Director.

Dr Linley’s extensive corporate and resources industry expertise includes his most recent position as Chief Executive Officer of major zinc refinery group, Sun Metals Corporation.

Marathon also advises that the Company’s founding Directors, Dr Vic Bogacz and Dr John Santich, have elected to retire to pursue new business interests. Dr Bogacz and Dr Santich started Marathon in 2004 and listed the company on the Australian Securities Exchange in March 2005. They have joined Primary Resources Ltd (ASX: PRZ) as Directors, to develop its existing exploration and resource portfolio.

“Marathon’s board needs expertise in uranium development”, said Dr Bogacz. “Dr Linley will assist the company as it reviews its past practices, acknowledges its deficiencies, and strengthens its sustainability and development credentials”. Dr Santich added that he and Dr Bogacz strongly supported the process of board restructure and company development.

Marathon’s Chairman, Mr Peter Williams, said today that Dr Bogacz and Dr Santich had made exceptional contributions to the company since its inception.

“John and Vic have managed Marathon’s professional and corporate activities from the exploration stage, through to the identification of the Paralana Mineral System and the resource at Mt Gee. Their dedication to identifying and developing our projects, especially Mt Gee, has driven the company from its inception through to the present day.” Mr Williams said.

Peter Williams said that Drs Bogacz and Santich had a deep knowledge of the history of Marathon and of the Paralana Mineral system and would remain available to Marathon for advice as and when required. “Marathon wishes them every success for their new venture as Directors of Primary Resources Ltd.” he added.

“The appointment of Dr Linley to the Marathon Board signifies the next stage of development for the company. We are now strongly committed to strengthening our governance in order to embed leading practices and sustainability principles into our organisational systems and our operations at site level. This commitment will ultimately deliver value to our shareholders.”

Dr Linley brings a wealth of experience to the Board which will support the company in fully addressing the challenges ahead.

Prior to joining the Board of Marathon, Dr Linley was CEO at Sun Metals in Townsville, the world’s most efficient and environmentally sensitive zinc refinery successfully built and operated on the edge of the Great Barrier Reef.

Sun Metals is a leading example of a major value-adding, export-oriented product that has brought significant economic and employment benefits to the region and the nation. The company successfully demonstrated its commitment to achieving very high performance standards against all regulatory and environmental responsibilities. Sun Metals’ dedication to continuous improvement and environmental considerations were taken into account at the planning stage of all development work.

Dr Linley’s career has also included roles such as the Vice President of TexasGulf Australia, Director of the Centre for Strategic Industrial and Resource Development in Brisbane and positions with Fluor Engineers and Constructions where he was involved in the Olympic Dam project. Dr Linley is a geologist by training and gained his PhD from the University of Adelaide.

Marathon recently announced a resource upgrade at Mt Gee, indicating a significant improvement in the understanding of the mineralisation and highlighting the potential for further mineralisation in the north-east quadrant of the Mt Gee area.

The company’s Mt Gee project is one of the largest undeveloped uranium deposits in Australia.

Following a suspension of its drilling program in the area, Marathon will be conducting remediation works under instruction from PIRSA and the EPA.

MEDIA CONTACT: Belinda Hill Sean Whittington Corporate Affairs Manager Field Public Relations Marathon Resources Limited (08) 8234 9555 (08) 8348 3500 (0412) 591 520 (0439) 795 521

Notes to Editor

Marathon is a minerals exploration company focused on the development of Mt Gee, one of Australia's largest undeveloped uranium deposits.

The Mt Gee project is located within the Paralana Mineral System of South Australia, a uranium-rich state which is home to the world's largest uranium deposit at Olympic Dam.

Marathon's portfolio also includes highly prospective copper-gold-uranium properties in the Gawler Craton of South Australia.

The Company has gold and copper-gold projects in other parts of South Australia and western Victoria, including first class copper-gold and base metal (silver-lead-zinc) projects in the Adelaide Geosyncline in South Australia and a prospective copper-gold project in the Moyston Fault Zone in Victoria.

Marathon also has a joint venture with listed uranium explorer UraniumSA Ltd (ASX: USA), in which the company holds a 7% stake; and with Primary Resources Ltd (ASX: PRZ) in the Warburton Project in Western Australia.

Marathon listed on the Australian Securities Exchange on 15 March 2005, under the stock code of MTN.

www.marathonresources.com.au