ANNOUNCEMENT TO THE AUSTRALIAN SECURITIES EXCHANGE: 25 February 2014

Appointment of Chief Executive Officer and new Director

Indo Mines Limited (ASX: IDO) (Company or Indo Mines) is pleased to announce that Mr Arran Marshall has been appointed to the role of Chief Executive Officer based in Jakarta, Indonesia. Mr Marshall's employment commences with immediate effect.

Mr Marshall has most recently held the role of Country Head for AWR Lloyd in Indonesia. AWR Lloyd is a specialist mining and energy advisor in South East Asia. He holds an MBA from the Auckland University of Technology and his core competencies are in the areas of business development, project management/development, financial analysis, strategy, investor relations and capital markets.

Commenting on Mr Marshall's appointment as CEO, Chairman Mr Chambers said: "The Board is pleased to welcome Arran to the team. He has been operating in Indonesia for three years and has a very good understanding of how mining companies can successfully work within the local community and also within the new regulatory environment in which we operate. A key success factor of the project is an effective working relationship between Indo Mines and JMI. Arran will bring effective value add to this relationship."

Key terms of Mr Marshall's executive service agreement are attached at Schedule 1.

In addition, the Board is pleased to advise that Ms Stacey Apostolou will be joining the Board with effect from 25 February 2014. Ms Apostolou has been with the Company since October 2011 and has held the roles of Chief Financial Officer and Company Secretary.

Enquiries: Peter Chambers, Chairman

Telephone: +62 21 5760808

ABN: 40 009 245 210

68 South Terrace, South Perth WA 6151

Tel: +61 8 9474 7710 Fax: +61 8 9474 7771

Schedule 1 Key Terms Executive Service Agreement

In accordance with ASX Listing Rule 3.16.4, Indo Mines advises the following key terms of Mr
Marshall's executive service agreement:

• Term: Commences on 24 February 2014 for no fixed term, subject to the Review Period below;

• Base Salary of A$275,000 per annum;

• Housing allowance of US$3,000 per month;

• Motor vehicle allowance of IDR12.5 million per month;

• A bonus of up to A$370,000 is payable subject to Mr Marshall achieving certain performance based milestones during the period to 31 December 2015;

• Mr Marshall's employment shall be the subject of review by the Board following the expiration of three months. At that time, either party may elect to terminate the agreement upon the provision of one month's notice in writing to that effect (Review Period). Thereafter, the Company may terminate Mr Marshall's employment at any time upon three months' notice, where that termination is effected within twelve months of his commencement, and upon 6 months' notice, where the termination is effected following the expiration of twelve months from

commencement. In lieu of notice, the Company may pay Mr Marshall an amount calculated in proportion to his Base Salary for any period of short notice. After the Review Period, Mr Marshall can resign by providing three months' written notice. The Company can terminate the
agreement without notice for serious misconduct.

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