XRF SCIENTIFIC LIMITED — Earnings Release 2011

Aug 25, 2011

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26 August 2011

XRF announces record 2011 result

XRF Scientific Ltd (“XRF” or “The Company”) today announced a record result for the 2011 financial year, which was in line with the preliminary unaudited results announced on 27 July 2011.

The strong result was driven by the acquisition of Sigma in July 2010 and also a strong increase in demand driven by increased levels of mining and exploration.

Key Highlights

• Revenue from continuing operations, up 61% to $20.3 million (FY10: $12.6 million);

• Earnings Before Interest and Tax (EBIT), up 904% to $3.8 million (FY10: $0.4 million);

• Net Profit After Tax (NPAT), up 770% to $2.6 million (FY10: $0.3 million);

• Successful acquisition and integration of Sigma Chemicals and Precious Metals into the XRF operations;

• EBIT margin achieved of 18.9% (FY10: 3%) as a result of increased scale and efficiency gains;

• Strong increase in Cashflow from operating activities, up 235% to $2.6 million (FY10: $0.77 million);

• Declaration of a 1.0 cent per share fully franked final dividend;

Commenting on the full year results, XRF’s Managing Director, Terry Sweet said, “The Board is very pleased to be able to deliver this record result for shareholders. The Company has benefited from the Sigma acquisition, which delivered significantly more scale to the group’s operations, and also increasing demand for all of its products, particularly for Platinum labware and Chemicals.

Following this strong growth in the 2011 fiscal year, we are well positioned to continue growing in 2012. In addition to a continuation of organic growth, strong cashflow generation together with funds from the recent Placement and SPP has the company with significant cash reserves to expand via acquisition.”

Dividend

The Company is pleased to announce that the Board has declared a final dividend for the year of 1.0 cent per share. The Record Date for determining entitlements to the dividend will be 14 October 2011. The Company anticipates payment of the dividend to occur on 28 October 2011.

Please direct any inquiries to:

Terry Sweet Managing Director terry.sweet@xrfscientific.com

Vance Stazzonelli Chief Financial Officer vance.stazzonelli@xrfscientific.com

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About XRF Scientific XRF Scientific Limited is an Australian listed company (ASX: XRF) based in Perth, Western Australia. XRF manufactures equipment and chemicals, which are distributed to laboratories in Australia and overseas and used in the preparation of samples for analysis.

XRF has manufacturing, sales and support facilities located in Perth and Melbourne plus a global network and distributors. The Company has representation in the United States, South America, Canada, Europe, Africa, the Middle East and Asia and has a customer base that includes multinational blue‐chip customers such as:‐ BHP Billiton, Rio Tinto, Iluka, Xstrata, Nickel West, Robe River Iron Associates, Alcoa, CSIRO, Intertek, PT Inco, Pilbara Iron, Amdel/Ultratrace, SGS, Campbell Brothers.

XRF’s technology is used to measure the composition and purity of materials and is mainly applied in industrial quality control and in process control for manufacturing processes in industries such as metals and mining, construction materials, chemicals and petrochemicals.

XRF products help customers to improve product quality and performance, increase productivity and yield and reduce downtime and waste. Its businesses have established positions in their specialized markets.

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