RED MOUNTAIN MINING LIMITED — Board/Management Information 2012

Apr 2, 2012

ASX ANNOUNCEMENT

3 April, 2012

==> picture [169 x 46] intentionally omitted <==

Board and Management Changes

Red Mountain Mining Limited (ASX: RMX) advises that its Board has resolved to effect the following changes to the current Board and management structure.

Mr Neil Warburton will assume the role of Executive Chairman and Acting CEO, with immediate effect. Mr Warburton recently resigned from Barminco where he was CEO for the past five years, having doubled annual turnover during his leadership and enabling the company to become the largest underground mining contractor in Australia. He is one of the founding directors of Red Mountain Mining and has been on the Board since the Company’s formation six years ago.

Mr Michael Wolley will step down as Chairman and remain on the Board as an independent non-executive Director. With increasing time commitments arising from his full time role with Todd Corporation as Vice President of Corporate Development, Mr Wolley felt that he could not provide the time required to fulfil the Chairman’s role, but is still committed to be involved as a non-executive Director, having led Red Mountain Mining through its IPO.

Mr Bo Zhou, independent non-executive Director, has resigned due to his increasing commitments for other businesses. Mr Zhou was a founding director of Red Mountain Mining and the Board wishes to thank him for his contributions. He will continue to provide services to the Company as a project facilitator for China.

Mr Andrew Richards, the Company’s CEO, has stepped down from his role in order to pursue other mining related business opportunities, although he will continue to provide geological advisory services to the Company as required. The Board thanks Mr Richards for his commitment, guidance and support over the last six months.

Mr Keith Rowe will continue to act as Executive Director responsible for Business Development China and Project Co-ordination.

Commenting on the changes and his appointment as Executive Chairman, Mr Warburton said: “I am delighted to have been given the opportunity to lead Red Mountain Mining as it continues to assess significant resource opportunities within China. Red Mountain Mining’s strong balance sheet, with $5 million cash and no debt, places the Company in a strong position to continue its assessment of the Zhongqu project, as well as pursue attractive new business opportunities. Red Mountain Mining is also extending its search for major mining projects into other countries within the greater Asia region given several projects have come to the Company’s attention.”

Mr Warburton’s package is being finalised and will be released in due course.

1

Mr Zhou’s Appendix 3Z “Director’s Final Interest Notice” will follow.

AUTHORISED BY

==> picture [117 x 32] intentionally omitted <==

Shannon Coates Company Secretary

---

For further information about Red Mountain Mining please visit www.redmm.com.au or contact:

Company Investors Neil Warburton Ronn Bechler Executive Chairman Market Eye (+61) 408 935 014 (+61) 400 009 774 (+61 8) 9226 5668 (+61 3) 9591 8901

---

About Red Mountain Mining Limited

Red Mountain Mining (ASX: RMX) is a gold explorer incorporated in Australia in May 2006 and which listed on the ASX in September 2011 with options to acquire projects in China. The Company’s strategy is to unlock the potential of ‘under-developed’ advanced exploration and mining projects by introducing Australian mining methods and improving efficiencies to gain significant production and exploration upside.

2