PRL GLOBAL LTD — Board/Management Information 2010

Jan 28, 2010

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Company Announcements Office Australian Securities Exchange

29 January 2010

Electronic Lodgment

DIRECTOR APPOINTMENT AND RESIGNATION

CI Resources Limited wishes to announce that Mr Clive Brown has resigned from his roles as Chairman and Director of CI Resources, effective immediately.

The Board of Directors wishes to thank Mr Brown for his diligent and significant contribution to the Company during his three years of service. The Board wishes him well in his future endeavours.

Director Mr David Somerville was elected by the Board to fill the position of Chairman. Mr Somerville has an accounting background having been a senior partner in a large Western Australian accounting practice, before establishing a financial services company which listed on the Australian Securities Exchange in 2007. He has over 20 years experience in a corporate capacity across a number of companies and a number of industry sectors including financial, resources and property development.

The Company also welcomes Professor Anthony Brennan to the Board. Tony holds a Bachelor of Laws degree from the University of Queensland, a Graduate Diploma in Legal Practice and has practiced with one of Australia's largest private law firms as a solicitor in the area of corporate advisory, mergers and acquisitions and banking and finance. He has experience in corporate banking and finance transactions including development finance and refinance transactions, infrastructure and project finance, loan facility and security documentation, general corporate banking matters and significant commercial property transactions.

Yours sincerely

David Somerville Chairman CI Resources Limited

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