VOLT RESOURCES LIMITED — Board/Management Information 2016

Mar 22, 2016

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ASX ANNOUNCEMENT

By e-lodgement

22 March 2016

APPOINTMENT OF INDUSTRY PROFESSIONAL TO THE BOARD OF MOZAMBI – MR ALWYN VORSTER

HIGHLIGHTS

• 25 years mining industry experience

• Highly qualified including Mining and Business degrees, MBA

• Recent roles with Aquila/AMCI JV, Iron Ore Holdings and Rio Tinto

• A highly decorated career with many key milestone achievements

APPOINTMENT OF MR ALWYN VORSTER

Mozambi Resources Ltd ( ASX: MOZ , “Mozambi” or “the Company”) the Tanzanian-focussed graphite developer, is pleased to announce the appointment of Mr Alwyn Vorster as an independent Non-Executive Director, effective 1 April 2016.

Mr Vorster is a highly regarded mining professional who has more than 25 years' experience working with numerous large and smaller mining companies in technical and commercial roles covering the total supply chain from geology, mining, rail & port, shipping, and marketing & sales.

He is currently the CEO of API Management, an Aquila/AMCI joint venture company tasked with advancing the multi-billion dollar West Pilbara Iron Ore Project, and also has managerial responsibility for three mineral projects in southern Africa.

Alwyn’s recent other positions included CEO of Iron Ore Holdings Ltd (IOH) where he managed multiple feasibility studies, successfully concluded a friendly corporate takeover and multiple royalty and divestment transactions; and as Regional Manager – China Marketing & Sales for Rio Tinto Iron Ore.

The Chairman of MOZ, Mr Stephen Hunt, said Mozambi has built a substantial Mineral Resource position in the last year, and the Company will now focus on the development and commercialisation of its Tanzanian graphite asset, commencing with the completion of the Pre-Feasibility Study (PFS). He expressed the Board’s satisfaction at attracting a candidate of Mr Vorster’s calibre and experience. Mr Hunt added:

“We are delighted to have secured Alwyn as a board member. He brings important new skills and balance to the Mozambi Board including a wealth of project development, transactional

Mozambi Resources Limited ACN 106 353 253 Level 17, 500 Collins Street, Melbourne Victoria 3000 Tel: (+613) 9614 0600 Fax: (+613) 9614 0550

and company risk management experience at a crucial stage of the Company’s lifecycle. As independent non-executive director, he will serve as chairperson of the Board’s Project Development Subcommittee, tasked to ensure achievement of high quality PFS and DFS deliverables, project schedule and project budget results.”

Alwyn has enjoyed a decorated career which has included key milestones including named the prestigious "Dealer of the Year” at the 2013 Diggers & Dealers Conference after achieving significant value uplift to cost base across four IOH project assets. He has also, as CEO, overseen the successful completion of two significant PFS and two DFS project studies.

Alwyn is an executive committee member of the Australia China Business Council, a member of the Australian Institute of Company Directors, and a board member of the RSPCA WA.

With Mr Stephen Hunt assuming the role of Executive Chairman, Mr Alan Armstrong will move to a Non-Executive Director role and provide day to day administrative and management services; and support the development and completion of the PFS.

For and on behalf of Mozambi Resources Limited

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Stephen Hunt Mozambi Resources Ltd Executive Chairman

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