Universal Resources Limited was formed in November 1999 to acquire, explore and develop mineral resources within Australia. Universal will focus its activities upon the exploration for and development of copper-gold and zinc-lead-silver deposits, initially in the Cloncurry district of NW Queensland and the Lachlan Fold Belt of NSW.

DIRECTORS AND OFFICERS

Universal has a small, highly respected and experienced board of directors and executives consisting of:

Executive Chairman

Peter Ingram, B.Sc, FAusIMM, MGSA, FAICD – with over 35 years industry experience including over 20 years as a director and CEO of listed public companies in Australia. He is a founding Councillor and past President of the Association of Mining and Exploration Companies and is an Honorary Life Member of that organization.

Exploration Director

Maurice Hoyle, B.Sc(Hons), FAusIMM – has over 35 years experience as an exploration and mine geologist within Australia and Africa. His experience encompasses a wide range of commodities whilst working for both major international and junior Australian companies. He has also worked extensively as a consultant in exploration and mining geology.

Non Executive Directors

Campbell Ansell, FICA – is a professional company director with extensive management and accounting experience. Mr Ansell is currently Chairman of Dragon Mining NL and a director of Croesus Mining NL and De Grey Mining Ltd.

Kenneth Foots, B.Sc – is a professional company director with over 40 years experience as a mining engineer and accountant. He is currently Chairman of Lake Resources NL and Southern Cross Mine Management Ltd. He is President of the Queensland Mining Council and Chairman of the Australian Coal Association.

James Walls, B.Sc. – has worked extensively as a geophysicist in the oil exploration industry both in the USA and Australia . Mr Walls is a director of Marlborough Resources NL.

Company Secretary

Desmond Kelly, B.Comm. – has over 20 years experience as an accountant, Company Secretary and director of public companies.