🕐04.02.11 - 07:27 Uhr

Resignation of CEO



ASX Announcement/Media Release
4 February 2011

Resignation of CEO

Australian uranium company Cauldron Energy Limited (ASX: CXU) ("Cauldron"
or "the Company") wishes to advise that CEO, Mr Terry Topping, has resigned
from the Company, effective immediately.

Mr Topping, who was a founding Director of the Company, has resigned to
pursue other opportunities.

With the resignation of Mr Topping, major shareholder, Cape Lambert
Resources Limited (ASX: CFE) ("Cape Lambert") will oversee key aspects of
the Company, largely related to financial, marketing, and technical
evaluation and development.

Cape Lambert has a team of more than 15 technical personnel (metallurgists,
geologists,etc) at its disposal, expertise that will now be applied to the
evaluation and development of the uranium assets of Cauldron.

"The capabilities of the Cape Lambert group of companies are proven with
the completion of a number of successful transactions and as such we
believe this will ensure the considerable assets of Cauldron are evaluated
and developed in a manner that ensures maximum value is achieved for
Cauldron shareholders," said Cauldrons Chairman, Mr Tony Sage.

"For example, most recently with the value unlocked from the assets of DMC
Mining Limited, Cape Lamberts corporate and technical capabilities show
they are more than capable of delivering a tangible outcome for
shareholders," Mr Sage added.

In addition to its technical capabilities Cape Lambert has a proven track
record of streamlining financial, corporate and marketing activities in a
manner that ensures costs are reduced and awareness levels are increased
significantly, something that in the boards view will equate to
significant financial benefits to the Company.

The board of Cauldron would like to thank Mr Topping for his service to the
Company and wishes him the best with his future endeavours.

During this transition period, Mr Sage and Mr Smith will assume the day to
day management of the Company.

For further information, visit www.cauldronenergy.com.au or contact:

For further information contact:

Brett Smith
Cauldron Energy Limited
Ph: (08) 9211 5777

Karen Oswald
Professional Public Relations
Ph: (08) 9388 0944
Email:



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