ASX ANNOUNCEMENT ASX: GOT 21 February 2011 GROOTE RESOURCES MARKET UPDATE The board of manganese explorer Groote Resources Limited (ASX:GOT) (“Groote” or “the Company”) is pleased to advise that Chairman Doug Daws has been appointed to Executive Chairman. The Board has initiated a number of changes to reflect the direction required to ensure the development of the Groote Eylandt Manganese Project. The appointment of Mr Daws as Executive Chairman will bring his experience and full attention to the company as we progress into the next phase of the project. Mr Daws will, as one of his first roles as Executive Chairman, travel to Groote this week to attend a meeting with the Traditional Owners (TO’) and to enter into discussions at the request of the TO’s and Anindilyakwa Land Council (ALC) over the application by the Company of Exploration Licence Applications 27521 and 27522. Mr Daws said “It became apparent to me that Groote, as a Board, had not given due focus and respect when dealing with the Traditional Owners on whose land our explorations licence applications are over. I am very keen to listen to the traditional owners and hear their concerns and aspirations. Together I hope we can reach agreement that all parties are comfortable with.” The Company recognises the importance of a local presence in the Northern Territory and has commenced moves to relocate its head office to Darwin in the near future to progress its Groote Eylandt Manganese Project.