DIRECTORS’ DECLARATION In accordance with a resolution of the Directors of Metals X Limited, I state that: In the opinion of the Directors: On behalf of the Board. (a)the financial statements and notes of the Company and of the Consolidated Entity are in accordance with the  Corporations Act 2001, including: (i) giving a true and fair view of the Company's and the Consolidated Entity's financial position as at 30 June  2011 and of their performance for the year ended on that date; and (ii)complying with the Australian Accounting Standards (including the Australian Accounting Interpretations)  and Corporations Regulations 2001; and (b)the financial statements and notes also comply with International Financial Reporting Standards as disclosed  in note 2(b) and; (c)there are reasonable grounds to believe that the Company will be able to pay its debts as and when they  become due and payable; and (d)this declaration has been made after receiving the declarations required to be made to the Directors in  accordance with section 295A of the Corporations Act 2001 for the financial year ended 30 June 2011. Warren Hallam Managing Director Perth, 29 September 2011 116  DIRECTOR'S DECLARATION