16 December 2014

RESIGNATION OF

NON-EXECUTIVE DIRECTOR

Mr Russell Luxford has resigned as Non-Executive Director of Discovery Metals Limited with effect from today Tuesday, 16 December 2014. Mr Luxford has been a director since September 2013.
The Company would like to take this opportunity to thank Mr Luxford for his contribution to the Company and wishes him the best for his future endeavours.

DISCOVERY METALS BACKGROUND

Discovery Metals is an ASX/BSE listed copper exploration and production company focused on the emerging Kalahari Copperbelt in north-west Botswana. The Company is a copper producer at its 100% owned Boseto Copper Project.

The Kalahari Copperbelt sediment-hosted mineralisation of the Boseto Copper Project is similar in style to the well-known and large deposits of the Central African Copperbelt of Zambia and the Democratic Republic of the Congo.

Discovery Metals has prospecting licences covering approximately 26,150 km2 in Botswana.

Further information on the Company including Mineral Resources and Ore Reserves is available on our website:
www.discoverymetals.com
For further information on this release and Discovery Metals Limited, please contact:
Bob Fulker - Chief Executive Officer
Phone: +61 7 3218 0222 / Email: Bob.Fulker@discoverymetals.com
Kerry Parker - Chief Financial Officer and Company Secretary
Phone: +61 7 3218 0222 / Email: Kerry.Parker@discoverymetals.com

Appendix 3Z Final Director's Interest Notice Appendix 3Z Final Director's Interest Notice

Rule 3.19A.3

Information or documents not available now must be given to ASX as soon as available. Information and

documents given to ASX become ASX's property and may be made public.

Introduced 30/9/2001.

Name of entity DISCOVERY METALS LIMITED ABN 29 104 924 423

We (the entity) give ASX the following information under listing rule 3.19A.3 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of director

Russell Luxford

Date of last notice

25 September 2013

Date that director ceased to be director

16 December 2014

Part 1 - Director's relevant interests in securities of which the director is the registered holder

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of "notifiable interest of a director" should be disclosed in this part.

Number & class of securities

Nil

+ See chapter 19 for defined terms.

11/3/2002 Appendix 3Z Page 1

Appendix 3Z Final Director's Interest Notice Part 2 - Director's relevant interests in securities of which the director is not the registered holder

Note: In the case of a company, interests which come within paragraph (ii) of the definition of "notifiable interest of a director" should be disclosed in this part.

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Name of holder & nature of interest

Note: Provide details of the circumstances giving rise to the relevant interest

Nil

Number & class of securities

Part 3 - Director's interests in contracts

Detail of contract

Nil

Nature of interest

Nil

Name of registered holder

(if issued securities)

Nil

No. and class of securities to which interest relates

Nil

+ See chapter 19 for defined terms.

Appendix 3Z Page 2 11/3/2002

distributed by