13 SEPTEMBER 2011

APPOINTMENT OF NEW DIRECTORS

Rey Resources Limited (ASX: REY; “Rey Resources” or “the Company”) is pleased to announce the appointments of Mr Brett Clark and Mr Lex Graefe as non-executive directors with effect from 1 October,

2011.

Mr Clark holds a Bachelor of Engineering degree from Curtin University and a Graduate Diploma of Business Management and Finance from Deakin University. He has over twenty years’ experience in the resources sector in business development, acquisitions, operations management, asset management, project management, business improvement, and financial roles. With specific experience in corporate roles that have focused on strategic operational outcomes and implementation of major resource projects studies, Mr Clark brings very relevant experience to the Board at this stage of the Company’s development. Mr Clark currently advises Murchison Metals on their major JV projects and has previous director or executive experience with Wembley Resources, Tethyan Copper, Ernst and Young, Snowden Group, Rio Tinto/Hamersley Iron and Western Mining.

Mr Graefe holds a Bachelor of Economics (Accounting Major) degree from Adelaide University and is a CPA. He has extensive management and commercial experience, working in the mining industry for the last 30 years in Australia, Africa and Asia. His experience includes leadership roles in project studies, engagements with governments and stakeholders, and various CFO roles. Mr Graefe brings a broad range of commercial and project experience to the Board. Mr Graefe has previously held the role of CFO/Company Secretary for Sphere Resources and has also held senior leadership roles with Shield Mining, Resolute Mining (Tanzania), Rio Tinto Indonesia and Rio Tinto India. Mr Graefe also held a number of management, commercial and financial roles with Hamersley Iron.

“We are delighted to have secured Mr Clark and Mr Graefe who will bring significant project strategy, project development, commercial and industry knowledge to the Rey Board. This is important following the completion of the Definitive Feasibility Study in June 2011 as the Company moves forward with key approvals processes and with the planning for project development and further growth of its resource base”, said Chairman Charlie Lenegan.

Mr Alan Humphris, who has been a non-executive director since July 2004 and Mr James McClements, who has been a non-executive director since August 2007 will resign from the Board on 1 October 2011. These changes are part of a planned succession process to position the Company for the next phase in its development. Rey Resources notes its appreciation of their contributions to the develop ment of the Company and, in particular, the Duchess Paradise Project to date.

ENDS

Contact:Kevin Wilson Managing Director T: +61 8 9211 1999

E: kwilson@reyresources.com