METALS X LIMITED

Jinchuan has formally advised Metals X that they have not been offered by BHP Billiton to participate in the next stage of the asset sale process for the Ravensthorpe assets. Jinchuan considers that Metals X’s Wingellina Nickel Limonite Project represents a much better opportunity to grow its global business with a superior uncomplicated orebody with simple metallurgy. Although remote, Jinchuan believes the world-class size and quality of Wingellina will overcome the isolation impediment. Jinchuan is a 14.8% shareholder in Metals X and has a co-operation agreement with the Company to assist with the project studies, development and potential off-take of concentrates.