BlackGold Natural Resources Limited announced that Mr. Philip Cecil Rickard will be retiring as a Director and Executive Chairman of the Board and resigning as Chief Executive Officer following the conclusion of the annual general meeting for the financial year ended 31 December 2018 which is targeted to be held by 31 October 2019 or such other later date. Mr. Andreas Rinaldi will be appointed as CEO-Designate of the Company with effect from 16 October 2019. Subsequent to the holding of the FY2018 AGM, Mr. Rinaldi will take over the full responsibilities of CEO from Mr. Rickard and will be appointed as Executive Director to the Board. Mr. Philip Soh Sai Kiang will be re-designated from Independent Director to Independent Non-Executive Chairman of the Board of Directors following the conclusion of the financial year of AGM. Mr. Soh will also take on the position of Chairman of the Nominating Committee. Following Mr. Soh's re-designation as Independent Non-Executive Chairman of the Board of
Directors, Mr. Lim Chee San will be re-designated from Lead Independent Director to Independent Director. He will also step down as Chairman of the NC and Chairman of the Remuneration Committee but will remain as a member of the NC and RC.