Ann: Acquisition of Victory Bore Vanadium Tenement, page-3

 Surefire consolidates tenement holding at Unaly Hill by addition of the Victory Bore
Vanadium field (EL57/1036)
 Victory Bore deposit contains Mineral Resource 151Mt @ 0.44% V2O5
 EL57/1036 provides Company with contiguous tenement holding over 25km strike of
vandiferous magnetite titanium deposits
 Increased Vanadium Mineral Resource base to 237 million tonnes
 Purchase price of $500,000 cash, 62,500,000 SRN FP shares (voluntarily escrowed for
6 months)
 Milestone payments:
o within 60 days of SRN completing a pre-feasibility study stating that the Victory Bore
Tenement, if developed as a mine, would have an internal rate of return of not less
than 20%, payment of $AUD650,000 in cash or equivalent in SRN shares;
o within 60 days of SRN announcing a decision to mine in the Victory Bore Tenement
area, payment of $AUD650,000 in cash or equivalent in SRN shares.