Aclara Resources Inc. announced the appointment of Maria Olivia Recart to Aclara's board of directors (the "Board"), following the unanimous approval by the existing members of the Board. Ms. Recart will also serve as Chair of the
Sustainability Committee of the Board. Following the appointment of Ms. Recart, the Board will be comprised of 7 directors, 4 of whom are independent. Ms. Recart is an independent non-executive member of the board of directors of CAP S.A, a Chilean listed producer of iron ore, which owns a steel refinery and a company that builds iron and steel products (including housing panels). She also serves as president of the Audit Committee as well as a member of certain other committees of CAP S.A. She is also a board member of Comunidad Mujer, a Chilean non-profit organization advocating for women's issues in public policy. Previously, Ms. Recart was the Rector of Universidad Santo Tomás from 2019 to 2023. Prior to that, she worked at BHP from 2010 to 2018 as Vice President Corporate Affairs, where she was responsible for community engagement, communications, government relations and social value strategy for the Americas. During that time, she also served as a member of the Owners' Council of Escondida (the largest copper mine in the world by production, owned by BHP, Mitsubishi and Rio Tinto), where she advised on a range of operational (including safety), financial, commercial, HR and strategy issues. She was also appointed as Vice President of the board of directors of Fundación Chile, a mixed board composed of Chilean government
officials and BHP appointed professionals; Vice President of Centro de Entrenamiento Industrial y Minero (CEIM), an apprentice learning center to promote the skills needed in workforce for productivity impact in mining and construction operations; and Vice President of Fundación Minera Escondida, a non-profit organization in the region of Antofagasta whose initiatives are focused on making impact in the region's human and social capital and target minorities, the indigenous communities and women in particular. Ms. Recart also has experience in the public sector in Chile, where she served as Vice Minister of Finance between 2006 and 2010 under President Michelle Bachelet's first government and was responsible for the team that led Chile into the OECD.