ABN 89 099 116 631

Level 1, 672 Murray St

West Perth WA 6005

Locked Bag 8

West Perth WA 6872

Tel: +61 8 9322 1182

Fax: +61 8 9321 0556

23 January 2014
Company Announcements Office
ASX Limited
Via Electronic Lodgement
Dear Sirs

Lapse of Options

The Company wishes to advise that 500,000 unlisted options exercisable at $0.984 each with an expiry date of 1 July 2014 have not been exercised and have now lapsed. These options were previously granted to one of the Company's former employees pursuant to the terms of the Company's Employee Share Option Plan and have lapsed with the departure of the employee.
Yours faithfully
Jason Carone

COMPANY SECRETARY
distributed by