Accelerate Resources Limited (ASX:AX8, 'Accelerate' or the 'Company') is pleased to announce its Non-Executive Director Dr Steve Bodon will take up a new role as the Company's Executive Director - Technical.

Dr Bodon joins the company from Karora Resources (TSX: KRR), a gold and nickel producer with operations in Western Australia, where he was General Manager of its Higginsville gold operations, and Lakewood gold processing operation in Kalgoorlie. He has previously held senior leadership roles for several large international organisations including Sasol as Assets Manager West Africa, and Anglo American leading specific development and production projects in southern Africa.

Dr Bodon brings strong technical and business leadership skills to the Company, with extensive asset lifecycle experience across exploration, project development and production. Dr Bodon has a PhD in Economic Geology from the Centre for Ore Deposit Research (CODES), University of Tasmania and has undertaken further training in engineering, business administration and sustainability leadership. Dr Bodon's transition from Non-Executive Director to Executive Director will strengthen the technical capability of the AX8 Board and is in line with the Company's strategy of developing its Woodie Woodie North Manganese Project towards a JORC-compliant resource in the shortterm, and to become the next Australian manganese producer

Accelerate's Chairman Richard Hill said: 'The Board welcomes the appointment of Dr Steve Bodon as Executive Director - Technical after serving as a Non-Executive Director since February last year. Steve's strong technical skill set, and proven project development and business transformation track record compliments Accelerate's growth strategy and will be invaluable as the Company further advances its manganese projects in the Pilbara.'

Contact:

Tel: +61 6248 9663

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