Insert Announcement Title Here SECURITIES EXCHANGE ANNOUNCEMENT

4 December 2014

KML BOARD UPDATE

Gindalbie Metals Limited (ASX: GBG - "Gindalbie") advises that Mr Paul Hallam and Mr Andrew
(Robin) Marshall have resigned as non-executive Directors of Karara Mining Limited (KML). Mr Hallam and Mr Marshall remain as non-executive Directors of Gindalbie.

ENDS

Released by :

On behalf of:

Nicholas Read

Read Corporate

Mr Michael O'Neill

Acting Managing Director

Telephone: +61 8 9388 1474

Mobile: +61 419 929 046

Ms Jan Horsman

Manager Investor Relations & Administration Telephone: +61 8 9480 8700 www.gindalbie.com.au

Level 9, London House

216 St Georges Tce Perth

Western Australia, 6000

PO Box 7200, Cloisters Square, PERTH Western Australia 6850

W: www.gindalbie.com.au

T: +61-8 9480 8700

F: +61-8 9480 8799

E: gbg@gindalbie.com.au

ASX: GBG

Issued Shares: 1.49B

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