PAINCHEK LTD — Board/Management Information 2013

Sep 8, 2013

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Managing Director Renews Employment Agreement with Merah Resources Limited

9[th] September 2013

DIRECTORS

Richard Homsany Chairman

David Deloub Managing Director

Ian Prentice Non Executive Director

Merah Resources Limited (Merah or the Company) (ASX:MEH) is pleased to announce that it has renewed terms of the employment agreement with Managing Director, Mr David Deloub which was executed on 6[th] September 2011.

The broad terms of Mr Deloub’s employment agreement as Managing Director of the Company which has now been renewed include remuneration payable of $200,000 per annum exclusive of superannuation for a term of two (2) years.

Suzie Foreman Non Executive Director & Company Secretary

SHARE INFORMATION

ASX Code: MEH

Issued Capital:

26.5M Fully Paid Shares 7.0M Unlisted Options 3.0M Performance Rights

CONTACT INFORMATION

Registered Office:

The agreement may be terminated by either party on a three (3) months’ notice in writing and upon payment of any outstanding fees for services rendered. Alternatively, the Company can make a payment to Mr Deloub the equivalent of the fee that would otherwise be payable to him over a three (3) month period if the employment agreement had not been terminated, and suspense the notice.

On Behalf of the Board of Directors

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Suzie Foreman Director and Company Secretary

Level 2, 79 Hay St Subiaco, WA 6008

T: +61 (8) 9200 4436 F: +61 (8) 9200 4437 www.merahresources.com.au

Merah Resources Limited ACN: 146 035 127

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About Merah Resources Limited

Merah was incorporated on 27[th] August 2010 for the purpose of identifying, evaluating and acquiring resource projects and assets in Australia and/or overseas that are considered by the board of directors to add potential shareholder value.

Objectives

The Company plans to actively explore the project areas that make up its current asset portfolio by initiating a targeted and cost effective exploration program. The Company also intends to continue to identify, evaluate and if warranted, acquire additional resource projects and assets both in Australia and overseas. These projects may be acquired by way of direct project acquisition, joint venture, farmin or equity investment.

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