31 December 2013

Capital Raising and Board Changes

The Company is pleased to advise that it is raised a total of A$550,000 and a further A$300,000 from RM Corporate Finance Pty Ltd (AFSL 315235) through the existing Convertible Note facility approved by shareholders on 27 August 2013.
The funds will be issued to retire existing debt, provide funds for working capital, exploration on the Jutson
Rocks project and for new opportunities.

Board Changes

The board is pleased to announce the appointment of Mr Andrew Muir and Mr Steve Bamford as non executive directors of Global Metals Exploration NL ("Global Metals") effective immediately.
Andrew has over 20 years' experience in the mining and investment sectors. He is originally a geologist, though has spent the last 8 years working as a Resources Analyst, covering a range of ASX listed small and large cap mining stocks across a range of commodities. Currently, Mr Muir is Head of Research at boutique broking firm, RM Capital. Prior to this, Andrew was Executive Director, Resources Analyst with JP Morgan in Sydney. Before JP Morgan, he was the Senior Resources Analyst at Perth based broking firm, Hartleys, winning the 2009 Metals and Mining Stock Picker of the Year. As a Geologist, Andrew has had a range of roles, in both exploration and mining, with open pit and underground operating experience in both large and small companies. He was responsible for the discovery of the large Wallaby gold deposit at the Granny Smith mine.
Andrew holds a Bachelor of Science (Geology) with Honours from the University of Western Australia and has completed a Graduate Diploma in Applied Finance and Investment through the Securities Institute of Australia.
Mr Steve Bamford has a number of years experience with junior ASX listed companies. Most recently he has been working in the oil and gas industry, as Operations and Logistics manager. Along with his responsibilities is New Business Development Manager for a Company that is a Key supplier in the Oil and Gas Industry.
Previous Experience includes General Manager for a Major national company with key Roles in Whole of group management, including All Staff, Marketing, Financial control, IT Upgrade and overall group Performance. Mr Bamford brings experience in logistics and deployment of equipment for junior exploration companies.
Mr Ashley Hood and Mr Carl Swensson have also announced their resignation from the board of the Company effective immediately. I would like to thank them for their contribution over the years in particular the last 12 months which has been a challenging year.

Enquiries:

Ms Lia Darby Managing Director (02) 9225 4050

lia.darby@gmetex.com.au

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