Extract Resources - Notification of Board Changes

SYDNEY NSW, AUSTRALIA, April 12 /CNW/ - Extract Resources Limited ("Extract" or "the Company") has appointed Jonathan Leslie as an Executive Director of Extract, following Mr Leslie's appointment as Extract's CEO, which was announced on 1 March 2010.

Extract Chairman, Mr Stephen Galloway, would like to welcome Mr Leslie to the Board.

Extract has also been advised that Rio Tinto's nominated representative, Mr Chris McFadden, will resign from his position as a Non-executive Director of Extract, effective immediately. This resignation is the result of an agreement between Rio Tinto and Extract that Rio Tinto's nominated representative would resign from the Board upon the appointment of a CEO, as notified at the AGM in Perth on 23 November 2009.

Extract Chairman, Mr Stephen Galloway, would like to thank Mr McFadden for his contribution to the Board over the last year.

    
    Yours sincerely

    (signed)
    Siobhan Lancaster
    Company Secretary
    

For further information: Jonathan Leslie, Chief Executive Officer, [email protected]; Richard Henning, Investor Relations, [phone], [email protected]