COPY OF FINAL PROSPECTUS - Mirabela Nickel

Aggregated Options Exercised During the Most Recently Completed Financial Year and Financial Year-End
Options Values
The following table summarizes the number and value of options exercised by each of the Named Executive
Officers during Mirabela’s most recently completed financial year and the number and current value of
unexercised options for each of the Named Executive Officers on June 30, 2006.
Value of Unexercised in the
Securities
Unexercised Options/SARs Money Options/SARs at
Acquired on Aggregate
at June 30, 2006 June 30, 2006
Named Executive Officer Exercise Value Realized Exercisable Unexercisable Exercisable Unexercisable
(#) (A$) (#) (#) (A$) (A$)
Nicholas John Poll ............. Nil — 2,000,000 400,000 1,440,000 128,000
Managing Director
Stephen Ernest Hills ............ Nil — Nil 300,000 Nil Nil
Chief Financial Officer
David Chapman ............... Nil — 250,000 350,000 80,000 48,000
Operations Manager
Paulo Oliva ................. Nil — 333,333 66,667 106,667 21,333
Mine Manager
Compensation of Directors
The compensation of the Managing Director, Mr. Poll, is set out in the Summary Compensation Table
above. With respect to payments made to non-executive directors, each receives between A$50,000 and
A$60,000 per annum. Should the non-executive directors provide services over and above those expected of such
a position, the Company will provide reasonable remuneration for those services. During the financial year
ended June 30, 2006 no such services or remuneration were provided.
Termination of Employment, Change in Responsibilities and Employment Contracts
Mirabela has entered into an executive services agreement with Mr. Poll dated March 22, 2007 (the ‘‘Poll
Employment Agreement’’) pursuant to which Mr. Poll is employed as Chief Executive Officer and Managing
Director of Mirabela for an indefinite term until terminated in accordance with the terms of the agreement.
Pursuant to the Poll Employment Agreement, Mr. Poll is paid an annual salary of A$280,000 per year to be
reviewed annually. Additionally, Mr. Poll is entitled to be reimbursed for certain expenses incurred at the
request of Mirabela and, at the discretion of the board of directors, to a performance-based bonus and shares or
share options. Under the terms of the Poll Employment Agreement:
• Mirabela may terminate Mr. Poll’s employment upon occurrence of certain events including Mr. Poll’s
failure to comply with any lawful direction given by the board of directors of Mirabela, the commission of
a serious or consistent breach of the agreement or conviction of any major criminal offence;
• Mirabela may terminate the agreement at any time by either giving six months’ notice in writing and three
months’ salary to Mr. Poll or paying nine months’ salary in lieu of notice;
• Mr. Poll may terminate his employment upon providing three months’ notice to Mirabela; and
• in the event of a change of control of Mirabela, Mr. Poll may, at his discretion, terminate his employment
and be entitled to a termination payment equal to 12 months’ salary.
Mirabela has entered into an employment agreement with each of Mr. Hills and Mr. Chapman pursuant to
which Mr. Hills will continue to provide services as Chief Financial Officer and Company Secretary and
Mr. Chapman will continue to provide services as Operations Manager.
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