Pursuant to the announcements made on 4 October 2010, 6 October 2010 and 21 October 2010, the Board of Directors of QL Resources Berhad ("QL" or "Company") wishes to announce that Boilermech Holdings Berhad ("BHB"), an associate company to QL holding 40.51% equity interest in BHB via its wholly owned subsidiary namely QL Green Resources Sdn. Bhd., had on 14 February 2011 obtained an approval letter ("Approval Letter") from Bursa Malaysia Berhad for the admission to the Official List and the listing and quotation of the entire issued and paid up share capital of BHB in the ACE Market of Bursa Securities subject to the terms and conditions set out in the Approval Letter.