Asiamet Resources Limited announced the following changes to its Board of Directors with immediate effect: appointment of Mr. Peter Chambers as a Non-Executive Director and retirement of Dr Peter Pollard as a Non-Executive Director. Mr. Chambers has over 25 years of experience primarily in finance, telecommunications and investment oversight. Mr. Chambers is a representative of Asiamet's largest shareholder, PT Delta Dunia Makmur Tkb (DOID).

He holds the position of commissioner with DOID and its mining services company PT Bukit Makmur Mandiri Utama (BUMA). Mr. Chambers also holds various non-executive director positions as disclosed in the table below and is a member of several the audit committees of the companies he is either a director of, or involved with. Mr. Chambers was a director of PT Agincourt Resources, owner of the Martabe Gold Mine, located in North Sumatra, Indonesia, and an advisor to private equity firms Farallon Capital and Tiga Investments.

With an in-depth understanding of the financial and regulatory environment in Indonesia, Mr. Chambers' experience enhances the finance and governance capability of the Asiamet Board. Mr. Chambers holds a Bachelor of Finance and Accounting degree from RMIT, Melbourne. Dr Peter Pollard has retired from the Asiamet Board.

Dr Pollard was Chairman and Director of Asiamet's predecessor company, Kalimantan Gold Corporation from July 2013 and Chairman of Asiamet until February 2017. Dr Pollard was the Chairman of the Company's Audit and Risk Committee. The Company's Audit and Risk Committee will be expanded to three members with experience across legal, regulation and permitting (Eva Armila), commercial, accounting and finance (Peter Chambers) and operations (Dominic Heaton) and will be chaired by Mr. Peter Chambers.

Peter John Chambers (aged 67) has held the following directorships in the past five years: Current Directorships /Partnerships: PT Siloam International Hospitals Tbk; PT Delta Dunia Makmur Tbk and PT Bukit Makmur Mandiri Utama. Directorships /Partnerships held within the past five years: PT XL Axiata; PT Agincourt Resources; PT Kredit Pintar; PT SR Labs; Indo Mines Ltd; Sapex Pty Limited and PT Nusantara Turbin & Propulsi.