Microsoft Word - ASX 150730 v4a.docx

31 July 2015

Fast Facts

Capital Structure

Shares on issue 237.3M Options 28.4M ASX Code NXR

Directors & Senior Management Patrick Flint

Chairman

Peter Turner

Non-Exec Director

Paul Jurman

Non-Exec Director & Company Secretary

Project Highlights

WBT Investment

Biometric technology

Potential global market

Strong management

Guinea (Iron)

High-grade iron discovery

Large resource potential

W Australia (Iron)

Woodley DSO Project

Contacts Mr Patrick Flint

T: +61 8 9388 2277 www.nemexres.com.au

Wavefront Acquisition Update - Board Appointments

Nemex Resources Limited (ASX: NXR) (Nemex or Company) is pleased to provide an update in respect of Wavefront Biometric Technologies Pty Ltd ("Wavefront") and the conditional agreement to acquire 100% of the issued capital in Wavefront that it does not already own ("Acquisition").

Wavefront has proposed the initial composition of its board to oversee the global commercialization of Wavefront's biometric technology. It is proposed that these experienced and well respected directors will transition across to and form the Board of the Company following completion of the Acquisition.

Under the proposed restructure Dr. Shanny Dyer will be Managing Director. Dr Dyer has a strong history of technology commercialisation and managing early stage companies, including past roles as Corporate General Manager at CSIRO, Deputy Head of Clinical Genomics at the Garvan Institute for Medical Research and Head of Commercialisation, University of Technology, Sydney.

Mr Anthony Bertini, who is a founding director of Wavefront, will be Chairman. Mr Bertini is an experienced executive team member with a specific focus on technology and innovation. He is a Director of the Australian Copyright Agency and Co-founder and Chairman of Organic Technology Holdings and Australian Omega Oils.

Two new directors, Mr Leigh Clapham and Mr Steven Ezzes, will join Mr Bertini and Dr Dyer on the board.

Mr Leigh Clapham has more than 40 years experience in advertising, marketing and financial services including senior positions for Mastercard Worldwide as Group Executive Australia and New Zealand and Group Executive Europe.

New York based Mr Steven Ezzes is currently Managing Director of a US investment advisory group with US$13 billion in assets under management. Steven has a long history with Australian technology companies. Steven was also previously the USA based director for Ozemail and was instrumental in taking that company to a Nasdaq listing. Steven was also a member of the board of BMC Media and Tenzing. He has served in similar positions with U.S. companies.

Wavefront's proposed new Chairman, Anthony Bertini said, "this is a very strong, handpicked team that will work with and assist Shanny in the commercialization of the technology Wavefront has developed to date and continues to innovate."
"The new board will be able to finesse and amplify Wavefront's strategic direction and entry into new markets particularly in the US and build strong customer relationships with major enterprises in the global defence, banking and financial services industries."
Nemex's current Chairman, Patrick Flint said, "this is another exciting development for Nemex and Wavefront. The appointment of this strong leadership team highlights the credibility and potential of Wavefront's unique biometric technology. We look forward to completion of the Acquisition and welcoming the new team to the Nemex Board."

For further information about Nemex and Wavefront contact:

Patrick Flint Dr Shanny Dyer Chairman Managing Director P: 08 9388 2277 P: +61 410 526 130
E: pflint@nemexres.com.au E : Shanny.Dyer@wavefrontbiometric.com
Yours sincerely

Paul Jurman
Company Secretary

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