RAMELIUS RESOURCES LIMITED — Earnings Release 2011

Feb 16, 2011

17 February 2011 For Immediate Release

$47M HALF YEAR PRE-TAX PROFIT GUIDANCE

The Directors of Ramelius Resources Limited (ASX: “RMS”) advise of an expected significant increase in the consolidated half year profit for the six months to 31 December 2010 compared to the previous corresponding period.

Ramelius advises that consolidated Net Profit before Income Tax for the half-year to December 2010 is expected to be approximately $47m compared to a consolidated Net Profit before Income Tax of $14.3m for the December 2009 half-year.

Ramelius advises that the half year profit figure for 31 December 2010 is only approximate, based on internal management accounts and subject to completion of the half year financial report and audit review.

The expected consolidated pre-tax profit result is based on gross gold sales revenue of $83.6m arising from significantly higher gold production from the Wattle Dam underground gold mine in Western Australia during the six months to 31 December 2010 compared to $20.6m for the December 2009 half-year.

The consolidated half year financial statements will be lodged with ASX as soon as possible following completion of the half year audit review.

For further information contact:

Ian Gordon Managing Director Ramelius Resources Limited Ph: 08 9202 1127 Mob: 0448 330 160