17 December 2012

The Manager

Company Announcements Office

Australian Securities Exchange

20 Bridge Street

SYDNEY NSW 2000

ASX ANNOUNCEMENT CEO Succession Planning

The Company wishes to announce that at last Friday's Board meeting, the directors considered a letter from Dr Russell Penney who advised that after 4 years with UXA Resources, he wished to retire from the position of Managing Director due to personal reasons. The Board has regretfully accepted Russell's decision which will take effect from 14 June 2013.
Russell was originally charged with restructuring the Company and widening its exploration footprint into areas other than just Uranium and reducing exposure to higher cost exploration tenements. The Company has broadened its areas of exploration significantly under his guidance and Russell has been a driving force in the recent period in which the Company has accepted the challenge of diversifying its focus as foreshadowed in its strategic plan.
We would like to thank Russell on his considerable achievements and dedication to re-focussing UXA. The Board respects Russell's decision and will now consider the appointment of a replacement Managing Director.

On behalf of the Board

Graham Seppelt Company Secretary Ph: 0419 035 297



43a Fullarton Road Kent Town SA 5067 Australia T: +61 8 8363 7970 F: +61 8 8363 7963 E: info@uxa.com.au W: www.uxa.com.au

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