Celsius Resources Limited announced the resignation of Non- Executive Director, Mr. Bill Oliver, effective immediately. Following Mr. Gregory and Mr. Oliver's departures, the Board would like to advise the 2 new appointments to the Board, namely: Mr. Peter Hume will be appointed as an Executive Director of Celsius effective immediately. Mr. Hume is already the Philippine Country Operations Director and a member of the Board of Celsius' Philippine subsidiaries.

Mr. Peter Hume has more than 40 years' experience in lead roles on major development projects throughout Australia and internationally. He has substantial experience in general management, project management, construction and operations management, negotiation, planning and process design. Peter has also been responsible for the development and implementation of quality, safety, and environmental management systems within the different organizations he has been involved with.

Currently he is based in the Philippines where he leads a significant suite of work programs related to the development of various mineral resource projects under Celsius' subsidiaries as the Country Operations Director. Prior to this, Peter managed the delivery of bankable re-design studies that would see the Tampakan Copper ­ Gold Project located in Mindanao, Philippines to be developed in phases. Once developed, the mine would be, by far, the larger mine in the Philippines and amongst the large copper producers in Asia Pacific.

During his tenure in Xstrata, Peter was also responsible for the development of a Land Acquisition and Resettlement Action Plan through effective consultation with approximately 5,000 affected community members. He was also heavily involved in obtaining the Free Prior Informed Consent (FPIC) of 11 Indigenous Cultural Communities affected by the Project in accordance with Philippine laws and leading international standards, specifically, IFC Performance Standards. In addition, Peter managed and delivered various technical studies essential for obtaining government and financial investment approvals.

Lastly, he has formal technical qualifications obtaining him a degree in Civil Engineering at the University of Queensland. Mr. Simon James Farrell will be appointed as Non-Executive Director effective immediately. Mr. Simon James Farrell obtained his Bachelor of Commerce in the University of Western Australia and his Masters in Business Administration at the Wharton School, University of Pennsylvania.

Simon has more than 40 years' experience in both the finance and mining industries. His mining career commenced in 1976 working for Bougainville Copper Limited as a financial analyst, ultimately responsible for the financial studies that formed the basis for the renegotiation of the Bougainville Copper Limited (BCL) Agreement with the Government of Papua New Guinea. After working for four years at BCL, he was sponsored to study at Wharton School where he completed his MBA.

He returned to the Rio Tinto group with Hamersley Iron as Marketing Manager. Simon then joined the Bond Group and was, inter alia, a director of most of the controlled listed mining entities including North Kalgoorlie Mines and Queensland Nickel. Subsequently, he worked as a consultant and then acquired a significant stake in what became Consolidated Minerals.

As CEO, he explored, discovered and developed two manganese mines in the Pilbara. Three years after he left Consolidated Minerals, the new controlling entity sold the assets acquired under his management for over AUD 1 billion. Simon also worked as a consultant to the Minproc Engineering group for a short period before becoming CEO of what became Coal of Africa Limited (CAL).

He started CAL with a capitalization of AUD 3 million and grew it to a company with a market cap in excess of AUD 1.5 billion and departed it in 2017 as Deputy Chairman. Mr. Martin Buckingham, the Executive Chairman will be sharing with Mr. Peter Hume, the executive duties on an interim basis, until the Company has appointed the suitable Managing Director at the soonest time.