SANDFIRE RESOURCES LIMITED — Board/Management Information 2012

Feb 27, 2012

Sandfire Resources NL ABN 55 105 154 185 Level 2, 31 Ventnor Ave, West Perth Western Australia 6005 Phone: +61 8 6430 3800 Fax: +61 8 6430 3849 Email: info@sandfire.com.au Web: www.sandfire.com.au

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ASX/Media Release

28 February 2012

DIRECTOR APPOINTMENT

Sandfire Resources NL (ASX: SFR ; “Sandfire”) is pleased to announce the appointment of Mr Soocheol (SC) Shin to the Board as a Non-Executive Director. Mr Shin is the Managing Director of POSCO Australia Pty Ltd, and joins the Board following the retirement from the Sandfire Board of former POSCO representative, Mr Jonghun Jong.

POSCO Australia, a subsidiary of the leading Korean-based global steel group POSCO, is a strategic shareholder of Sandfire, with a 15.8 per cent interest in the Company.

Mr Shin joined POSCO in 1989 and has held a variety of positions throughout his career, including Project Manager, POSCO Australia Pty Ltd; Team Leader, Coal Procurement Group; Team Leader, Steel Making Raw Materials Procurement Group and Group Leader, Raw Materials Transportation Group. He was appointed Managing Director of POSCO Australia in February 2012.

Sandfire Chairman, Mr Derek La Ferla, welcomed Mr Shin to the Board and thanked outgoing Director Mr Jonghun Jong for his contribution to the Company.

“Mr Jong has provided valuable input into the Company’s development since joining the Sandfire Board in July 2008 and I would like to sincerely thank him for his contribution during this period, which saw the discovery of the DeGrussa copper-gold project and its subsequent financing and development.

“As Managing Director of POSCO Australia, Mr Shin has a wealth of experience in the international resources industry and we look forward to his involvement in the Company’s future growth,” Mr La Ferla said.

ENDS

For further information contact: Sandfire Resources NL Derek La Ferla – Chairman Office: +61 8 6430 3800

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