QUANTUM GRAPHITE LIMITED — Board/Management Information 2015

Aug 17, 2015

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ASIA PACIFIC I EUROPE I THE AMERICAS

18 AUGUST 2015

ASX: VXL & VXLO

AUSTRALIAN STOCK EXCHANGE ANNOUNCEMENT & MEDIA RELEASE

APPOINTMENT OF CHIEF OPERATING OFFICER

Valence Industries (ASX : VXL & VXLO) is pleased to announce the appointment of experienced industry executive Robert Mencel as Chief Operating Officer (COO). Mr Mencel joined Valence Industries on 17 August 2015 and will work closely alongside CEO & Managing Director, Christopher Darby as the company ramps up production at its Uley Graphite[TM] facilities and pursues expansion opportunities.

Mr Mencel is a business executive with more than 25 years experience in the steel and mining industry, having held senior operational and management roles most recently with Ironclad Mining as Managing Director and Chief Executive Officer focused on finalising the commissioning and operating plans for production. As a mining engineer Mr Mencel has extensive experience developing and operating a wide range of engineering, mining and mineral processing operations including for Mt Gibson Iron, WMC, Normandy and North Flinders Mines.

Graham Spurling, Chairman, said: “We are delighted to have secured the services of a very senior and experienced industry professional. Having an engineer as part of the executive leadership team with Rob Mencel’s experience and expertise in managing resource businesses for over two decades will be invaluable to Valence Industries. We welcome him to the Company.”

For further information, please contact: Investor enquiries: Media enquiries: Christopher S. Darby Rebecca Lawson CEO & Managing Director Associate Director, Media & Capital Partners info@valenceindustries.com Rebecca.lawson@mcpartners.com.au +61 8 8215 6400 +61 433 216 269

Forward Looking Statements

All statements other than statements of historical fact included in this announcement including, without limitation, statements regarding future plans and objectives of Valence Industries Limited (Valence Industries) are forward-looking statements. When used in this announcement, forward-looking statements can be identified by words such as ‘may’, ‘could’, ‘believes’, ‘estimates’, ‘targets’, ‘expects’ or ‘intends’ and other similar words that involve risks and uncertainties. These statements are based on an assessment of present economic and operating conditions, and on a number of assumptions regarding future events and actions that, as at the date of this announcement, are expected to take place. Such forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties, assumptions and other important factors, many of which are beyond the control of the company, its directors and management of Valence Industries, that could cause Valence Industries’ actual results to differ materially from the results expressed or anticipated in these statements.

Valence Industries cannot and does not give any assurance that the results, performance or achievements expressed or implied by the forward-looking statements contained in this announcement will actually occur and investors are cautioned not to place undue reliance on these forward-looking statements. Valence Industries does not undertake to update or revise forward-looking statements, or to publish prospective financial information in the future, regardless of whether new information, future events or any other factors affect the information contained in this announcement, except where required by applicable law.

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