FerrAus Limited (ASX:FRS) Appoints Mr Christopher Hunt As Chief Financial Officer

Perth, June 15, 2010 AEST (ABN Newswire) - FerrAus Limited (ASX:FRS) (PINK:FRRAF) is pleased to announce that it has appointed Mr Christopher Hunt to the position of Chief Financial Officer.

Prior to joining FerrAus Limited Mr Hunt was the head of finance for Cliffs Natural Resources Inc's (NYSE:CLF) Asia Pacific operations as the General Manager Finance and Administration.

As a finance executive with more than 16 years experience in the resource sector, primarily in iron ore, Mr Hunt will add further depth to the senior management team as the company makes the transition from exploration to a 15 million tonne per annum producer.

"FerrAus is now half way through its Pre Feasibility Study and synchronising its mine development with the North West Iron Ore Alliance port project and the connecting rail developments," Chief Executive Officer, Mike Amundsen, said.

"A key activity for Chris is to implement a financing and funding strategy, with the Bankable Feasibility Study scheduled to be completed early in 2011."

Contact

John Nyvlt Chairman Tel: +61-8-9474-3770 Email: info@ferraus.com Web: www.ferraus.com