Red Emperor Resources NL (“Red Emperor” or “the Company”) is an ASX-listed (ASX: RMP) exploration company and is in the process of listing on AIM (AIM: RMP). The Company's principal activities focused on identifying and exploring oil and gas in Puntland, Somalia and the Republic of Georgia. The Company also holds a 25% free carried interest in the Jillewarra Project which it farmed down in November 2010.

In Puntland, Red Emperor holds a 20% working interest in two licences encompassing the highly prospective Dharoor and Nugaal valleys in 2011. These two exploration areas cover nearly 40,000km2 and have independently been assessed to potentially contain over 19.9 billion barrels of oil in-place. Red Emperor’s joint venture partner and PSA operator Africa Oil Corp. (TSXV: AOI) has signed a letter of intent with a drilling subcontractor and expects the first well to be drilled in Dharoor in Q3, 2011.

In the Republic of Georgia, Red Emperor has a 20% working interest in onshore blocks VIa and VIb, covering approx. 6,500km2. Joint venture partner Range Resources (ASX: RRS; AIM: RRL) has completed a 410km 2D seismic program with independent consultants RPS Energy identifying 68 potential structures containing an estimated 2.045 billion barrels of oil‐in‐place (on a mean 100% basis). Mobilisation has commenced with the first exploration well due to spud June 2011.

Puntland

In Puntland, Red Emperor holds a 20% working interest in two licences encompassing the highly prospective Dharoor and Nugaal valleys in 2011. These two exploration areas cover nearly 40,000km2 and have independently been assessed to potentially contain over 19.9 billion barrels of oil in-place. Red Emperor’s joint venture partner and PSA operator Africa Oil Corp. (TSXV: AOI) has signed a letter of intent with a drilling subcontractor and expects the first well to be drilled in Dharoor in Q3, 2011.

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Georgia

In the Republic of Georgia, Red Emperor has a 20% working interest in onshore blocks VIa and VIb, covering approx. 6,500km2. Joint venture partner Range Resources (ASX: RRS; AIM: RRL) has completed a 410km 2D seismic program with independent consultants RPS Energy identifying 68 potential structures containing an estimated 2.045 billion barrels of oil‐in‐place (on a mean 100% basis). Mobilisation has commenced with the first exploration well due to spud June 2011.

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Jillewara

The Company also has a 25% interest in the Jillewarra Project free carried until bankable feasibility study, which is a copper and gold project in Western Australia.

Mr Greg Bandy - Managing Director

Qualifications: BComm, ASXA1 (ASX)

Mr Bandy is a senior advisor at Patersons Securities. He has over ten years' experience with capital markets and currently holds an executive board position with Empire Beer Group. He brings with him an intimate knowledge of equities and corporate transactions as well as an array of opportunities to Red Emperor.

Mr Jason Bontempo - Non-Executive Director

Qualifications: BComm, CA

Mr Bontempo has worked in Investment Banking and Corporate Advisory since qualifying as a chartered accountant with Ernst & Young in 1997. Mr Bontempo has worked for investment banks in Australia and the UK and has been closely involved with the advising and financing of companies in the resources industry specialising in asset sales and ASX listings.

Mr Stephen Brockhurst - Non-Executive Director

Qualifications: BComm

Mr Brockhurst has 12 years' experience in the finance and corporate advisory industry and has been responsible for the preparation of the Due Diligence process and Prospectuses on a number of initial public offers with capital raising in excess of $150 million. Mr Brockhurst experience includes corporate and capital structuring, corporate advisory and Company secretarial services, capital raising, ASX and ASIC compliance requirements. Mr Brockhurst is currently a Director of a number of other listed companies.

Ms Shannon Robinson – Company Secretary

Qualifications: LLB, B.Comm, ACIS

Shannon provides corporate advice in relation to mergers and acquisitions, capital raisings, listing of companies on ASX, due diligence reviews and legal compliance, takeovers and managing legal issues associated with client transactions. Shannon acts as Company Secretary for a number of ASX listed and unlisted companies. Shannon is a corporate lawyer and an associate of the Institute of Chartered Secretaries and Administrators (ICSA) and Chartered Secretaries Australia (CSA) and a member of AMPLA.

As at 2 June 2011