OPTIONS EXPIRY NOTICE ASX: RMRO - EXPIRING 30 MARCH 2012 ANNOUNCEMENT 29 February 2012

Ram Resources Limited ("Ram" or "the Company") advises that it has been granted a waiver from ASX Listing Rule 6.24 to the extent necessary to permit the Company not to send the notices required by paragraph 6.1 of Appendix 6A in relation to 408,436,731 quoted options exercisable at $0.03 each on or before 30 March 2012 ("RMRO Options"). Accordingly, option expiry notices will not be sent to option holders.
The Company provides the following information in accordance with the Listing Rules and the waiver granted by ASX.