SUREFIRE RESOURCES NL — Board/Management Information 2011

Jul 4, 2011

5 th July 2011

EXECUTIVE APPOINTMENT AND PROJECTS UPDATE

Executive Appointment

Black Ridge Mining NL (ASX: BRD) is pleased to announce the appointment of Mr. Robert Molkenthin as Chief Operating Officer. This is the first executive appointment since the resignation of the Managing Director and CEO in February 2011.

Mr. Molkenthin has over 25 years' experience in Australia and Internationally in a wide range of business environments at all levels in Corporate Finance and business operations and was, more recently, Chief Financial Officer and Commercial Manager at the engineering consultancy, Lycopodium Minerals Pty Limited, part of the ASX listed Lycopodium Limited group of companies. Previous experience encompasses capital raising, IPOs and corporate restructuring in the engineering, mining, property and retail sectors.

This appointment further consolidates the development of the Board's strategy which will provide a dedicated resource in managing the Company's existing portfolio of projects and provide greater focus on securing other opportunities.

Projects

Subsequent to the completion of the Non-renounceable entitlements issue announced to the market on 29 June 2011, further progress is being made on the following projects:

Unaly Hill (E57/420), Western Australia –Vanadium- Magnetite-Titanium

The Company is preparing to initiate a drilling program which will give a definitive resource for the commercialization of the project to be quantified. On-site work is expected to be started shortly. Preliminary pit design and scoping study development opportunities are also under investigation.

About Vanadium

Vanadium is used to strengthen steel and titanium. About 85% of vanadium is used in the high performance steel industry. The other main vanadium use is in titanium alloys, which generally contain about 5% vanadium to make them strong as well as light. About 10% of vanadium, in the form of high purity pentoxide, is converted into master alloys that are consumed in titanium alloy production.

Vanadium is soft in its pure form, but when it is alloyed (mixed) with other metals like iron, it hardens and strengthens them dramatically. Vanadium is used in metal alloys with iron to produce high strength steel which has a wide range of uses, including structural applications such as oil and gas pipelines, tool steel, the manufacture of axles and crankshafts for the motor vehicle industry and in jet engines for the aircraft industry as well as for reinforcing bars in building and construction.

Steel applications

Specifically, Vanadium is alloyed with iron to make carbon steel, high-strength low-alloy steel, full alloy steel, and tool steel. These hard, strong ferrovanadium alloys are used to make armor plating for military vehicles and other protective vehicles. It is also used to make car engine parts that must be very strong, such as piston rods and crank shafts. The steel "skeleton" or frames of high-rise buildings and oil drilling platforms must be very strong to support the weight of the building and its contents; vanadium steel has the strength to support such massive weight – the "Birds Nest", Beijing Olympic Stadium used over 43,000 tonnes of steel and Wembley Stadium used 23,000 tonnes.

Non-steel applications

Non-steel uses include welding and in alloys used in nuclear engineering and superconductors. Vanadium chemicals and catalysts are used in the manufacture of sulphuric acid, the desulphurisation of sour gas and oil and in the development of fuel cells and low charge time, light weight batteries.

Battery technologies

The automotive industry has been looking favourably at lithium-vanadium batteries in electric cars, as they are very good at producing power and producing it safely. The addition of vanadium to a battery can result in six times more power than a lithium-ion battery. Vanadium-redox batteries are capable of storing industrial levels of energy (megawatt levels of power output) and can offer almost unlimited capacity simply by using larger and larger storage tanks. They are able to be stored for long periods of time with little maintenance while maintaining a ready state; can be completely discharged for long periods with no adverse effects and can be recharged simply by replacing the electrolyte if no power source is available to charge it.

Durminskoe gold and silver project, Far Eastern Russia

The Company is actively working to assess previous samples taken from the Durminskoe project, located in Khabarovsk Krai in Far Eastern Russia.

In accordance with its continuing disclosure obligations under ASX Listing Rule 3.1, the Company will ensure that market is kept fully informed and will release updates on a timely basis.

David Semmens Company Secretary