Aruma Resources Limited announced the appointment of Mr. Glenn Grayson as Managing Director, effective from today's date Mr. Grayson replaces the Company's founding managing director Mr. Peter Schwann who has led the Company since its listing in 2010. Mr. Schwann will remain on the board as a Non-executive Director. Mr. Grayson joined Aruma as the Company's Chief Operating Officer in October last year and has played a key role, working closely with Mr. Schwann, in advancing the Company's portfolio of prospective lithium and gold assets in Western Australia.

As managing director he will be responsible for formulating and implementing the Company's exploration strategy going forward, and the underlying on-ground fieldwork and exploration programs. He will also be responsible for the management of the day-to-day operations of the Company, and key stakeholders including shareholders and the investor market. Mr. Grayson has in excess of 27 years' experience as a geologist and has a strong depth of technical expertise in gold exploration and development in Western Australia and Victoria. He has a proven history of generating resources and reserves through to mining operations.

Prior to joining Aruma Mr. Grayson was Exploration Manager for Kin Mining NL for a period of five years. In this position he helped Kin advance their projects from prospect to mining proposal by instituting a technical approach to exploration. Mr. Schwann has been a dedicated managing director of Aruma for period of nearly 13 years since its listing.

He managed and led the assessment, acquisition and pegging, and subsequent exploration of numerous projects across a range of different minerals. He built strong relationships with key stakeholders across the business, and also oversaw multiple capital raisings and R&D tax refunds throughout his tenure, which enabled the Company to successfully pursue its exploration activities.