FERRUM CRESCENT LIMITED - Changes to the board

Changes to the board

FERRUM CRESCENT LIMITED
(Incorporated and registered in Australia
and registered as an external company in
the Republic of South Africa)
(Registration number A.C.N. 097 532 137)
(External company registration number 2011/116305/10)
Share code on the ASX: FCR
Share code on AIM: FCR
Share code on the JSE: FCR ISIN: AU000000FCR2
("Ferrum")

Board Changes

Ferrum, the ASX, AIM and JSE Limited quoted iron ore developer today announces the
resignation of two of its non-executive directors, Mr Ted Droste and Mr Kofi Morna, effective
as of the close of business on 31 December 2014. As the Company moves into active
development of the Moonlight Iron Ore Project bankable feasibility study during 2015 both
Mr Droste and Mr Morna are resigning to pursue other interests.

Commenting today Ed Nealon, Chairman, said: "On behalf of the rest of the Ferrum
Board, I wish to express my extreme gratitude to both Ted and Kofi for their contributions to
Ferrum and its business. I also wish them both all the best in their business and personal
pursuits.”

For more information, please visit www.ferrumcrescent.com or contact:


Australia enquiries:

Ferrum Crescent Limited
Tom Revy T: +61 8 9367 5681
Managing Director

UK enquiries:

Ferrum Crescent Limited
Laurence Read (UK representative)
T: +44 7557672432

RFC Ambrian Limited (Nominated Adviser)
James Biddle/Andrew Thomson
T: +44 (0) 20 3440 6800

South Africa enquiries:

Sasfin Capital
Sharon Owens T: +27 11 809 7500


12 December 2014

Sponsor
Sasfin Capital (a division of Sasfin Bank Limited)

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