PROSPECT RESOURCES LIMITED — Board/Management Information 2011

Jun 28, 2011

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29 June 2011

Australian Stock Exchange Perth

Level 8, Exchange Plaza

2 The Esplanade

PERTH WA 6000

Dear Sirs,

The Company advises that Mr Peter Cunningham was appointed as an additional director of the Company on 20 June 2011 as part of a funding proposal.

As the proposal did not proceed, he subsequently resigned on 21 June 2011.

Yours faithfully,

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Kenneth Fitzgerald Managing Director Ethan Minerals Ltd.