Blackstone Minerals Limited announced a Board and Governance update, following the appointment of Dan Lougher as independent director. Dan Lougher will Chair a newly formed Technical Committee to oversee the company's Ta Khoa Project's development. In addition, following feedback from shareholders and proxy advisors, the Board has reviewed the structure of the Committees, with Alison Gaines being appointed as the Independent Nomination Committee Chair.

Frank Bierlein has joined the Audit, Risk, and ESG Committee, the People, Remuneration, Culture and Diversity Committee and the Technical Committee. In addition to the Committee member updates, the Board hereby advises that Mr. Hoirim Jung has withdrawn his re-election as director and resigned from his position as Non- Executive Director, effective 24 November 2022. The Board would like to acknowledge his contribution during his tenure as Non-Executive Director and thank him for the services rendered to the Company.

Mr. Jung's resignation is a result of Ecopro's proposed partnership model not aligning with Blackstone's strategy to build a vertically integrated project in Northern Vietnam. In recent months Blackstone has conducted several site visits with new potential partners that are supportive of Blackstone's strategy to produce downstream precursor products from the Ta Khoa Project.