Bushveld Minerals Limited announce the appointment of three new independent non-executive directors and other changes to its Board of Directors. Kevin Alcock, Mirco Bardella and Jacqueline Musiitwa have been appointed to the board as non-executive directors with immediate effect. These appointments have been made to ensure that the Board's composition meets the high standards of corporate governance expected of London listed companies and reflect Bushveld Minerals' status as a significant primary producer of vanadium in South Africa.

In conjunction with these appointments, the Company announces that Jeremy Friedlander, who has been a non-executive director of the Company since 2012, has retired from the Board. Additionally, the Company is giving notice that Ian Watson, Non-Executive Chairman, and Anthony Viljoen, Non-Executive Director, will be retiring from the Board over the course of the next few months. The sequencing of the retirements is to ensure both continuity and compliance with the Company's Articles of Incorporation.

Kevin Alcock held a number of non-executive director roles in the past dozen years, including board positions at several prominent asset management firms. Between 2006 and 2009 he was CEO of Morse Plc. Mirco Bardella is a former EY Assurance Partner who led audits in the natural resources sector and advised organizations on a range of assurance and governance services. Jacqueline Musiitwa's professional background is strongly rooted in policy, legal and regulatory reform, geopolitical risk analysis, collaborative facilitation, stakeholder engagement and environmental, social and governance compliance.