TREK METALS LIMITED — Board/Management Information 2016

Mar 3, 2016

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ZAMBEZI RESOURCES LIMITED ARBN: 124 462 826

MAIL: PO Box 1796, West Perth WA 6872 Australia EMAIL: info@zambeziresources.com www.zambeziresources.com

4 March 2016

Manager Company Announcements Company Announcements Office Australian Securities Exchange Limited Level 4, 20 Bridge Street SYDNEY NSW 2000

Via Electronic Lodgement

Dear Sir/Madam

ASX Media Release

BOARD CHANGES AT ZAMBEZI

Zambezi Resources Limited (“ Zambezi ” or the “ Company ”) [ASX: ZRL] advises that Mr Frank Vanspeybroeck, Managing Director and CEO of the Company, has resigned from the Company for personal reasons, effective immediately.

The Company is pleased to announce the appointment of Mr Greg Bittar as a Non-Executive Director.

Mr Bittar has a Bachelor Economics and Bachelor of Laws (University of Sydney) and Masters in Finance (London Business School), and has over 15 years investment banking and mining resource sector experience in Australia and overseas - having worked for Bankers Trust and Baring Brothers Burrows. Following the completion of his Masters in Finance in 2000, he joined Morgan Stanley, working in London, Melbourne and Sydney.

He has extensive experience in public and private markets mergers and acquisitions, capital markets and strategic advisory assignments across a range of sectors including general industrials, metals and mining, mining services and energy. Since leaving Morgan Stanley in 2010, he became Managing Director of Sherwin Iron Limited, resigning in July 2011. Mr Bittar has had a number of roles in the resources sector, in both management and consulting roles including currently as Executive Director of Millennium Minerals Ltd and Non-Executive Director of EC&M Limited.

AUSTRALIA Ground Floor, 20 Kings Park Road WEST PERTH, WA AUSTRALIA 6005 TEL: +61 8 6555 1879 FAX: +61 8 9398 4104

BERMUDA TRINITY HALL 43 CEDAR AVENUE HAMILTON HM12

ZAMBIA PLOT 5697 BEU CRESCENT KALUNDU LUSAKA

040316 Board Changes at Zambezi

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Zambezi Chairman, Mr David Vilensky said “It is with regret that we accept Frank’s resignation and thank him for his commitment and valuable contribution to the Company over the last 5 years. We welcome the appointment of Mr Greg Bittar to the role of Non-Executive Director and look forward to the expertise and experience he will bring to the Board and the Company''.

Zambezi Resources Limited

David Vilensky Tel: (08) 9325 9644 Email: info@zambeziresources.com

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