Appointment of Group Non-Executive Director

Key points:

• Tellus expands its Group Board with the appointment of Mr Ron Sifton
• Mr Sifton is an experienced executive in the salt mining and storage business and helped pioneer the industry in Canada
• Mr Sifton recently retired as Director and Chief Financial Officer of Newalta, one of North America’s leading waste management and salt storage companies
• Mr Sifton has been a shareholder and Director of Tellus subsidiary – Tellus Rockvault P/L since July 2010.

Tellus Holdings Ltd (Tellus) is pleased to announce the appointment of Ron Sifton as Independent Non-Executive Director of the group with immediate effect. As the Company moves into the detailed planning stage for its flagship Chandler Salt Mine Project, Mr Sifton’s commercial and operational experience in salt mining and geological storage will be invaluable.

Mr Sifton possesses over 30 years’ experience in the waste management industry in Canada, with 27 years as Chief Financial Officer and Executive Vice President of Newalta Corporation, Canada’s leading waste services company.

He was an integral part of the management team that built Newalta from a single salt cavern storage and recovery company into an international integrated waste services business listed on the Toronto Stock Exchange. Newalta grew revenue from USD4 million in 1993 to almost USD1 billion today which saw its market capitalisation grow from USD5 million to USD1.1 billion over the same period.

Throughout this period, Newalta was a leading pioneer in underground waste storage developing a range of processing technologies to provide large-scale waste management solutions for Canada’s energy and resources industries.

Mr Sifton remains active in the industry and is a Director of BioteQ Environmental Technologies Inc and Ceiba Energy Services Inc.

In addition to his corporate career Mr Sifton has served in a variety of industry and community support roles. He sat on the Board of the Canadian Association of Income Funds from January 2004 to 2009 and served on the Board of the Handi-Bus Association from 1994 to 2003.

Prior to joining Newalta, Mr Sifton had a successful career as a Chartered Accountant in public practice. He holds a Commerce Degree from the University of Calgary and is a member of the Canadian Institute of Chartered Accountants and the Institute of Corporate Directors, Canada.

“We are very fortunate to have someone of Ron’s calibre and experience as a senior member of Newalta’s management team join our Board,” Tellus Holdings’ Chairman Phil Garling said.

“As the first mover of a similar business model in Australia, Tellus Holdings is delighted to announce Ron’s new appointment which will deliver to a significant comparative advantage as we approach rapid project expansion, construction, and operational phases. We are grateful to have Ron commit further time and effort to support our business at a Group level, enabling the company to benefit from his extensive waste management experiences,” Mr Garling said.

With the appointment of Mr Sifton to the Board, Tellus now has a team of five Directors, the majority of which remain independent non-executives, in compliance with best practice for Australian public companies.

Tellus Holdings Ltd (“Tellus”) is an Australian project development company. Tellus’ flagship projects are a proposed underground rock salt mine with a complementary backfill business supporting the resource sector in the Northern Territory and a proposed kaolin mine with a complementary backfill business supporting the resource sector in the Western Australia. The commodity business involves the sales of edible and industrial salt and kaolin to Asia. The proposed complementary backfill business involves the safe recycle, recovery, storage and disposal in voids created by mining – as is common in the UK and EU, the USA and Canada.

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