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7 July 2011 NEW EXECUTIVE APPOINTMENTS Perilya Limited (ASX: PEM) today announced the appointments of Mr Minzhi Han as the Company’s new General Manager, Metals Marketing and Ms Fran Burgess in the Company’s newly created role of General Manager, Projects & Group Metallurgy. General Manager, Metals Marketing Perilya is pleased to announce the appointment of Mr Minzhi Han as the Company’s new General Manager, Metals Marketing. Prior to the appointment today, Mr Han has served the Company as a Non-Executive Director having been appointed by shareholders at a general meeting held on 5 February 2009. As a consequence of his new appointment, Mr Han will now become an Executive Director of the Company and will relocate from Shenzhen, China to Perth, Western Australia. He will also relinquish his role on the Company’s Audit & Risk Management Committee in accordance with the Company’s Corporate Governance policies. Mr Han’s remuneration package has been set at a level commensurate with those of the Company’s other executive General Managers. He receives no additional remuneration for his services as a Director of the Company. Mr Han is a senior commercial executive in the base metal industry with over 23 years of experience in marketing and trading base metals and base metal concentrates, with particular focus in zinc and lead metals and concentrates. Prior to the appointment, Mr Han was the General Manager of the Commercial Department of Shenzhen Zhongjin Lingnan Nonfemet Company Ltd. (Zhongjin Lingnan) with responsibility for marketing and trading primarily lead and zinc metals and concentrates. He was also responsible for hedging and derivative trading at Zhongjin Lingnan. Mr Han joined the Zhongjin Lingnan group in 1987 and worked initially with the China National Nonferrous Metal Imp & Exp Corp. Shenzhen Branch. In 1996 he was appointed the Vice General Manager of Shum Yip Nonfemet Hong Kong Ltd. He is also a director of Nonfemet Commodities & Futures Agency Co., Ltd., Wuxuan Panlong Lead and Zinc Mining Co., Ltd. and Shum Yip Nonfemet Hong Kong Ltd. General Manager, Projects & Group Metallurgy Perilya is also pleased to announce the appointment of Ms Fran Burgess to the newly created role of General Manager, Projects & Group Metallurgy. Ms Burgess was appointed in late June 2011 to take on responsibility for Projects and Developments within Australia and to bring an experienced metallurgical skill-set to the Management team. Ms Burgess replaces Dr Peter Trout, who has moved to the Company’s Dominican Republic office in the newly created role of Executive General Manager, America’s to oversee Perilya’s mining operations, exploration and development projects in For personal use only North, Central and South America. Ms Burgess has a wealth of mining, metallurgy and processing experience having previously served as the General Manager Operations, Group Office Zinifex, Oz Minerals and MMG Ltd with a focus on operations at the Century Mine, Rosebery Mine, Prominent Hill Mine, Golden Grove Mine, Avebury Mine and the Sepon Mine in Laos. Prior to that Ms Burgess was General Manager of Zinifex’s PERILYA LIMITED PAGE 1 of 3 Rosebery Mine for 5 years and has previously served as Manager Metallurgy at Pasminco’s Century Mine as well as General Manager Safety, Health, Environment and Community with MMG Ltd. Perilya’s Managing Director, Paul Arndt, said that “as shown with the highly successful takeover of GlobeStar, the Company has moved from a phase of consolidation of its main operating asset at Broken Hill to an expansion phase, which includes pursuing both internal development projects and external M&A opportunities as they present themselves. These are therefore two very key strategic appointments for Perilya further enhancing the capability of our Management team in carrying out our strategic plan.” “Minzhi’s appointment gives Perilya a significant lift in its capabilities and experience with regards to the marketing of its products, which include zinc, lead and copper concentrates and silver and gold by-products.” “Minzhi has been a very influential and valuable Director for Perilya providing significant oversight, guidance and support, particularly with regards to metals marketing and hedging strategies. In 2009 Minzhi played an instrumental role in renegotiating Perilya’s off-take agreement for its Beltana zinc silicate material with its Chinese off-take partner on vastly improved terms for Perilya.” “Minzhi provides Perilya with not only great insight, experience and access into the Chinese markets, but with his contacts and experience internationally, Minzhi also provides Perilya with greater access into the global metals market.” “I have been in discussions over the last few months with Zhongjin Lingnan with regards to the possibility of Minzhi joining Perilya as an executive and I am very grateful for their support in agreeing to release Minzhi to us.” “We are also very fortunate to have Fran join our Executive team. Fran is the ideal person to replace Dr Trout to lead our Australian projects team. She brings to Perilya a wealth of knowledge and experience in the industry with degrees in Mineral Processing, Economics and Environmental Management, among others, complimenting her wide range of experience encompassing over 30 years in the mining industry.” I am very grateful that Fran has agreed to join the Perilya team broadening and further enhancing the skill set of our executive team. Her strong metallurgical background will also provide valuable support to our existing milling operations both in Australia and the Dominican Republic.” “Fran’s primary focus will initially be responsibility for the Mt Oxide extended development study project. Fran will also have responsibility for Perilya’s other development projects in Australia outside of Broken Hill, such as Perilya’s projects in the highly prospective Flinders region in South Australia, which includes North Moolooloo’s high grade zinc silicate project. The Company’s development projects in the Broken Hill region will continue to be managed by our Broken Hill Management team.” “Perilya’s capability to further grow the Company has been greatly enhanced with the addition of people of the calibre of Minzhi and Fran to the Executive team. Minzhi brings a wealth of commercial, marketing and hedging experience to the Company whilst Fran brings a wealth of metallurgy, mining, processing, health, safety and environmental experience to Perilya. I am therefore delighted that Minzhi and Fran have agreed to join the Perilya team.” For personal use only Contact: Investors: Inquiries: Analysts: Paul Arndt Paul Marinko Angelo Christou Managing Director & CEO Company Secretary Chief Financial Officer +61 8 6330 1000 +61 8 6330 1000 +61 8 6330 1000 PERILYA LIMITED PAGE 2 of 3 About Perilya Perilya Limited is an Australian base metals mining and exploration company. Perilya is the operator of the Broken Hill zinc, lead, silver mine in NSW Australia and the Flinders zinc silicate project in South Australia and, following the highly successful takeover of former TSX listed GlobeStar Mining Corporation, the Cerro de Maimón copper, gold & silver mine in the Dominican Republic. The Company’s operations at the iconic Broken Hill mine went through a resizing in 2008 which has resulted in significant improvement in productivity, profitability and cashflows resulting in an extension to the life of mine of in excess of 10 years. In addition to its mining operations, the Company has an active exploration and development program which includes exploration and development programs in the Broken Hill region NSW Australia and in the Flinders region of South Australia in the vicinity of its Beltana zinc silicate project. The Company also has extensive exploration programs underway on its Dominican Republic mining and exploration concessions that include a laterite nickel project and highly prospective copper, gold & silver targets near its Cerro de Maimón mine. The Company is reviewing options for the development of the Mount Oxide Copper and Cobalt Project in the Mount Isa region in Queensland. In addition, the Company has a 60% interest in the Moblan lithium project located in Quebec, Canada, which is currently undergoing a development study (the remaining 40% is held by SOQUEM, which is an investment company owned by the Quebec Government in Canada). Perilya is owned 52% by Shenzhen Zhongjin Lingnan Nonfemet Co. Ltd, (China’s third largest zinc producer). For more details, visit www.perilya.com.au For personal use only PERILYA LIMITED PAGE 3 of 3 .