Macarthur Minerals Limited announced that effective 1 September 2022, Mr. Ryan Welker will be appointed to the company's Board of Directors. Mr. Ryan Welker is Chairman and Co-founder of Vitrinite Pty Ltd. a tightly held, private, premium-hard coking coal producer in Queensland's Bowen Basin. Mr. Welker brings a vast range of skills and experience to the board of Macarthur. He has worked for and has supported mining and exploration companies all over the world in nearly every stage of the development and production cycle. His direct industry experience gives him a blend of capabilities giving him an in depth understanding of the needs of mining companies of all sizes, but particularly publicly listed junior mining companies. His previous and current positions include management, corporate development, and finance. Prior to moving back to Australia in 2019, Mr. Welker worked for EAS Advisors in New York, where he advised and raised more than $2 billion for dozens of ASX, LSE, TSX and AIM listed companies. Prior to EAS, he held positions at Rio Tinto,
Hancock Prospecting, Standard Bank and served as a Non- Executive Director of Mineral Resources Limited. Mr. Welker's appointment to the Board as an Independent Director is subject to regulatory approvals. With effect from the conclusion of the annual general meeting of the Company to be held on 31 August 2022, Mr. Phillips will retire as Managing Director.