Celsius Resources Limited announced that Mr. Mark van Kerkwijk will be joining the Board as Executive Director for Investor Relations, Public Relations and Marketing. Mark will act as an effective conduit between CLA and investors addressing shareholder/investor and broker issues through effective and sustained communication strategies, giving management input, fostering positive and supportive connections with shareholders, investors, and brokers and boost interest and demand for the company's shares. He will likewise assist the company in its capital raising and project financing to be able to fund and develop particularly the Maalinao-Caigutan-Biyog Mining Project (MCB Project) that was recently granted its mining permit.

Mark brings a strategic and entrepreneurial approach to executing CLA's projects. His extensive experience as a substantial private investor in the resources sector, particularly as among the Top 20 shareholders in CLA, has equipped him with a deep knowledge and understanding of market dynamics, shareholders' interests and investment strategies that drive company growth, innovation and success. Mark is also a seasoned technologist and security risk management professional with a diverse background spanning defense, agriculture, construction, compliance and financial services.

Having implemented projects across various countries, he combines a global perspective of differing regulations and cultural diversity with expertise in technology and security to enhance operational efficiencies and mitigate risks. At CLA, he is dedicated to advancing sustainable mining practices and good governance in order to contribute to the company's ongoing success in the industry for the lasting benefit of all its shareholders and stakeholders. With Mark's appointment as Executive Director, Peter Hume will now be free to completely focus more on the immense work and huge challenges involved in the company's Philippine subsidiaries to comply with the terms and conditions of the MCB Project's newly-issued mining permit.

To this end, Peter has decided to step down as Managing Director of the Company effective 8 May 2024 and the Board has accepted his decision to enable him to devote his time and energy in bringing the MCB Project to full development within a very demanding schedule. However, Peter will remain significantly involved in CLA as Non-Executive Director effective likewise on 8 May 2024. Thus, Peter will continue to lend the Board his extensive mining expertise with over 40 years involvement in the mining industry in different parts of the world, with the last 15 years being in the Philippines.

The dynamic presence of both Mark and Peter on the Board are positive steps towards CLA's transition from being an exploration to a development Company. Both Peter and Mark will be replacing Mr. Michael Hulmes and Mr. Simon Farrell on the Board as they leave their Non-Executive Directors posts as part of the Company's cost-cutting measures, effective 8 May 2024, after having served the Board and Company very well. Mr. van Kerwijk's appointment is subject to completion of the ASX and AIM regulatory checks and procedures to be advised by the Company's Nominated Adviser and a further announcement in accordance with the AIM Rules will be made in due course.