The Board of Vimy Resources Limited (ASX: VMY, OTCQB: VMRSF) is pleased to announce that the Western Australian Department of Mines Industry Regulation and Safety (DMIRS) has approved the Mulga Rock Project Management Plan, which is one of three WA Government departmental approvals required to implement the Project.

Under section 42(3) of the Mines Safety and Inspection Act 1994 (MSIA), this approval allows for the commencement of mining operations at the Mulga Rock Project, subject to the granting of other necessary approvals. In parallel with the ongoing mobilisation of field crew to support site works at Mulga Rock, Vimy has now lodged a notification of the appointment of a Registered Manager with DMIRS to supervise those activities, in accordance with section 33 of the MSIA. Managing Director and CEO Mike Young said, 'The grant of the first of the three secondary approvals is a significant milestone along the path to developing the Mulga Rock Project.

Vimy has, and will continue to work cooperatively with the various Government departments to obtain the remaining approvals. Diversification and security of supply are front of mind for nuclear utilities as global uranium production shrinks from the middle of this decade.

Combined with renewed activity in the term uranium market, this approval augurs well for a project Final Investment Decision in the year ahead.'

Contact:

Mike Young

Tel: +61 8 9389 2700

About Vimy Resources

Vimy Resources Limited (ASX: VMY, OTCQB: VMRSF) is a Perth-based resource development company. Vimy's flagship project is the Mulga Rock Project (100%), one of Australia's largest undeveloped uranium resources, which is located 290km by road ENE of Kalgoorlie in the Great Victoria Desert of Western Australia. Vimy also wholly owns and operates the largest granted uranium exploration package in the world-class Alligator River uranium district, located in the Northern Territory. Vimy is exploring for large high-grade uranium unconformity deposits identical to those found in the Athabasca Basin in Canada. Vimy acknowledges the Traditional Custodians of the country on which we work and travel, throughout Australia, and respects their associated connections.

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