ACCENT RESOURCES NL — M&A Activity 2011

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ACCENT RECEIVES TAKEOVER PROPOSAL

Accent Resources NL (“Accent” or the “Company”) advises that it has received written advice from Xingang Resources (HK) Limited (“Xingang”) that Xingang has decided to make an onmarket takeover bid for all of the fully paid ordinary shares in the capital of Accent which it does not have a relevant interest in, at a price of $0.33 per share.

Xingang advises that it is in the process of finalising a bidder’s statement in relation to the bid, which it expects to lodge as soon as possible. Xingang is obliged to provide a bidder’s statement and written offers to Accent shareholders within 2 months.

The Board of Accent will await receipt of the bidder’s statement before making any comment or recommendation in relation to the bid and intends to appoint an appropriate person to provide an independent valuation of the Company to assist the Board in evaluating the bid. The Board therefore recommends that shareholders take no action at this time.

The Board will continue to update the market as appropriate.

For further information please contact:

Ian Hastings Executive Chairman Tel +61 3 86 86 5792

Ranko Matic Company Secretary Tel +61 8 9226 4500

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