Pallinghurst Change In Directorate

March 8, 2012

In a filing with the Bermuda Stock Exchange dated 05 March, 2012, Pallinghurst Resources Limited announced changes to the Board of Directors.

Ms. Patricia White, who was previously a Permanent Alternate to Mr. Martin Tolcher and Mr. Stuart Platt-Ransom, has been appointed as a full member of the Board. Ms White has resigned as a Permanent Alternate to Mr. Martin Tolcher and Mr. Stuart Platt-Ransom.

Additionally, Mr. Brian O’Mahoney has been appointed as a Permanent Alternate to Mr. Stuart Platt-Ransom and Ms. Patricia White.

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