Resource industry leading figure Cath Norman has been appointed to the Boadicea Board to lead the company's next phase of growth. The Boadicea Board has conducted an extensive executive search process since the announcements of the pending retirements of Non-Executive Chairman Domenic De Marco and Managing Director Jon Reynolds, to find key talent to lead the next phase of the company's growth and create shareholder wealth. The board directed Graeme Purcell and James Barrie to lead this project, which focused on targeted skills and attributes to identify shortlisted candidates, including: Exploration background; Stakeholder engagement/communication and professional networks; Proven ability to review, implement and deliver on strategic priorities; corporate activities, including business turnaround, capital management and M&A; Drive financial growth while unlocking Boadicea's exploration potential; Diversity for the board and strong personal attributes.

Cath Norman is a geophysicist with more than 30 years' experience in the minerals and oil and gas exploration industry, having held executive positions in Australia and the UK, as well as operating in Europe, Africa, the Middle East and Australia. A highly experienced executive, Cath also brings experience in asset capture and monetization, capital markets, finance, joint ventures, ESG and ASX listed company management to the board of Boadicea. She has an outstanding pedigree of exploration success having led ASX-listed FAR Ltd.'s successful exploration and oil discovery offshore Senegal, West Africa.

The company's oil discovery was named the world's largest oil discovery for 2014. She was Managing Director from 2011 to 2022. More recently Cath Norman led ASX-listed graphite miner Lincoln Minerals Limited out of long-term suspension from the ASX, a position she held until July 2023.

Cath is a member of the Australian Institute of Company Directors and various other professional organisations. The Boadicea Board has resolved to make this appointment effective from the date of the next Board meeting, which is scheduled for 1 November 2023, recognising the importance of a handover period prior to the 2023 AGM. As the newly appointed Managing Director, Cath Norman will present to shareholders the vision and direction for the company at next month's AGM.

Details of the material terms of Ms. Norman's employment: Appointment: Ms. Norman has been appointed as Managing Director, commencing 26 October 2023. Term: The appointment is ongoing with no fixed term. The new Boadicea Board, effective 1 November 2023, will be Cath Norman, James Barrie and Graeme Purcell.