Pathfinder Minerals plc: March 2012

Monday 26 March 2012

Letter to Shareholders from General Veloso

A letter to all shareholders of Pathfinder Minerals plc from General Jacinto Soares Veloso and Diogo Henriques Cavaco

26 March 2012

Pathfinder Minerals plc (“Pathfinder” or the “Company”)

We are writing to you in response to the document issued by the Board of Pathfinder dated 2 March 2012 convening a General Meeting of the Company at our request.

General Veloso is a highly distinguished Mozambican who, after a decorated career in the armed forces following the country's independence, held many prominent government positions, including Minister of State Security, General Director of the Intelligence Services, Minister of Economic Affairs and Minister of International Cooperation. From 2003-2009 he was Chairman of the Mozambique Chamber of Commerce.

General Veloso is an adviser to the President of the Republic of Mozambique and a member of the National Defence and Security Council. He has acted as the President of the Republic of Mozambique's envoy on numerous occasions, mainly in the matters of the establishment of peace in Mozambique and Angola, the end of apartheid in South Africa and Namibian independence. General Veloso was the chairman of the Government Commission that negotiated the M'Komati Accord of "good neighbourliness and non-aggression" with the Republic of South African 1984. He remains, today, the President of the South Africa-Mozambique Friendship Association.