ASX: EQX | 17 July 2012 | ASX RELEASE

PROJECT MANAGEMENT TEAM APPOINTED FOR MAYOKO- MOUSSONDJI

Equatorial Resources Limited ("Equatorial" or "the Company") is pleased to announce the appointment of senior project management personnel for the Company's 100% owned Mayoko-Moussondji Iron Project ("Mayoko-Moussondji" or "the
Project") in the Republic of Congo ("ROC").
Mr Rainer Dreier has been appointed as Project Manager, Mr John Dorotich as Rail Studies Manager, Mr John Crocker as Port Studies Manager and Professor John Clout as Mine and Process Development Studies Manager. The project management team have been appointed on consultancy contracts and will be based in Perth, Australia. The team will
oversee Equatorial's on-going study and development program for Mayoko-Moussondji.
Equatorial's Managing Director and CEO, Mr John Welborn, said: "We are extremely pleased to have assembled such a highly experienced and well-credentialed team of industry experts to project manage our studies and development work at Mayoko-Moussondji. In addition to having directly relevant recent African rail experience, Equatorial's new project management team have previously worked together during the development of Fortescue Metals Group's Cloudbreak
mine where they demonstrated an outstanding record of success."

Equatorial's Project Management Team

Mr Rainer Dreier has been appointed as Project Manager for Mayoko-Moussondji. Mr Dreier will be responsible for the design and management of the study program for all future mine-to-port feasibility work. Mr Dreier was previously involved as a consultant engineer in the design and construction of major facilities of Fortescue Metals Group Limited's Cloudbreak plant. He was most recently involved as project manager for feasibility studies on the Razorback Iron Project of Royal Resources Limited as well as AUROX's (now Forge Resources) Balla Balla Iron Project in Australia and Ferrum Crescent's Moonlight Magnetite Project in South Africa. Mr Dreier has been working with Equatorial for the past several months completing a review of the Company's existing rail and port

study work and designing the descriptions, specifications, planning, and budgeting of future studies.

Mr John Dorotich has been appointed as Rail Studies Manager for Mayoko-Moussondji. Most recently Mr Dorotich was Senior Technical Rail Manager for African Minerals where he oversaw all studies and the ultimate construction and operation of the railway line for the Tonkolili iron ore project. Prior to this, Mr Dorotich was Head of Rail for Fortescue Metals Group Limited where, amongst other things, he oversaw the construction of the world's heaviest haul railway line between the Cloudbreak Mine and new port facilities located at Anderson Point, Port Headland. Mr John Crocker has been appointed Port Studies Manager for Mayoko-Moussondji. Mr Crocker, a mechanical and electrical engineer, has extensive experience in fabrication, construction and plant commissioning. He has supplied engineering services to Rainer Dreier for the last 17 years, working on many mining projects including

Cloudbreak, Balla Balla, Moonlight and Razorback.

EQUATORIAL RESOURCES LIMITED | ABN 50 009 188 694 1

Level 2, BGC Centre, 28 The Esplanade, Perth, WA, Australia 6000 | Phone: +61 8 9466 5030 | Fax : +61 8 9466 5029 www.equatorialresources.com.au

ASX: EQX | 17 June 2012 | ASX RELEASE

Professor John Clout has been appointed as Mine & Process Development Studies Manager for Mayoko- Moussondji. Professor Clout is currently the Company's Chief Metallurgical Consultant where he is responsible for the design, scope, schedule, and budget of the Company's metallurgical test work programs for hematite and magnetite mineralisation at Mayoko-Moussondji. Professor Clout is also in charge of the metallurgical testing program for Equatorial's 100% owned Badondo Iron Project. Professor Clout was previously Head of Resource Strategy for Fortescue Metals Group Ltd where he was directly responsible for the design of the "Rocket Fines" and "Special Fines" products. More than 110 million tonnes of these iron products have now been exported to customers. As Mine & Process Development Studies Manager, Professor Clout will oversee all programs in relation to the design and technical evaluation of iron ore products, mine planning, process engineering design including flowsheet and layout, sinter and lump quality evaluation and technical marketing.

For further information contact:

John Welborn Managing Director & CEO

Telephone: +61 8 9466 5030 Email: info@equatorialresources.com.au Web : www.equatorialresources.com.au

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ASX: EQX | 17 June 2012 | ASX RELEASE

ABOUT EQUATORIAL RESOURCES

Equatorial Resources Limited (ASX:EQX), is focused on the exploration and development of two 100% owned potentially large-scale iron ore projects located in the politically stable and investment friendly Republic of Congo ("ROC") in the emerging global iron ore province of Central West Africa.
The Mayoko-Moussondji Iron Project, located in the southwest region of the ROC, has an estimated global exploration target of between 2.3 and 3.9 billion tonnes1 of iron mineralisation at a grade of 30% to 65% Fe. The project has access to a rail line running directly to the deep-water port of Pointe-Noire, where the Company's administrative office is located.
The Badondo Iron Project, in the northwest region of ROC, has an estimated global exploration target of between 1.3 and 2.2 billion tonnes1 of iron mineralisation at a grade of 30% to 65% Fe. The project is located within a regional cluster of world-class iron ore exploration projects including Sundance Resources' Mbalam and Nabeba projects.

For further information contact:

John Welborn Managing Director & CEO

Telephone: +61 8 9466 5030

Email : info@equatorialresources.com.au

Web : www.equatorialresources.com.au

1 Exploration Target: The estimates of exploration target sizes mentioned in this announcement should not be misunderstood or misconstrued as estimates of Mineral Resources. The potential quantity and grade of the exploration targets are conceptual in nature and there has been insufficient exploration to define a Mineral Resource in accordance with the JORC Code (2004) guidelines. Furthermore, it is uncertain if further exploration will result in the determination of a Mineral Resource.

The information in this report that relates to Exploration Results, other than Metallurgical Test Results and Geophysical Exploration Results, is based on information compiled by Mr Sean Halpin, who is a member of the Australian Institute of Geoscientists. Mr Halpin is a full time employee of Equatorial Resources Limited. Mr Halpin has sufficient experience, which is relevant to the style of mineralisation and type of deposit under consideration and to the activity, which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Mr Halpin consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

The information in this report that relates to Metallurgical Test Results is based on information compiled by Dr John Clout who is a Fellow of the Australasian Institute of Mining and Metallurgy. Dr Clout is a consultant to Equatorial Resources Limited. Dr Clout has sufficient experience, which is relevant to the style of mineralisation and type of deposit under consideration and to the activity, which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Dr Clout consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

The information in this announcement that relates to Geophysical Exploration Results is based on information compiled by Mr Mathew Cooper (B.App.Sc (Geophysics) Hons.) of Resource Potentials Pty Ltd, who was engaged by Equatorial Resources Limited to provide geophysical consulting services. Mr Cooper is a member of The Australian Institute of Geoscientists and has sufficient experience which is relevant to the style of mineralization and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr Cooper consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

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