Core Lithium Ltd. announced the appointment of experienced and well-credentialed Mr. Gareth Manderson as the Company's new Chief Executive Officer, succeeding Stephen Biggins who announced his resignation as Managing Director in March. Mr. Manderson has 28 years' experience in the mining and minerals sector and joins Core after having served in various leadership and technical roles within mining giant Rio Tinto for more than 22 years. His most recent role at Rio Tinto was as General Manager Sustaining Capital, where he was instrumental in developing a team and structure capable of delivering Rio Tinto Iron Ore's sustaining capital, improvement capital and technology deployment (HME fleet and automation technology) projects across their Pilbara operations in regional Western Australia.

Mr. Manderson grew the team during his four years in the position, delivering a project portfolio of more than 600 projects spending $1.6 billion each year across 17 mines, 4 ports and a 1,900km rail system. Prior to his tenure as General Manager Sustaining Capital, Mr. Manderson held various senior leadership roles within Rio Tinto's aluminium division. He led Rio Tinto Aluminium's business in British Columbia where he oversaw the operations of the Kitimat Smelter, Kemano Power Generation Facility and the Nechako Watershed.

As General Manager, Weipa Bauxite Operations, he was accountable for two bauxite mining and processing operations (East Weipa and Andoom), operation of the port facility, approval and establishment of a project to develop a third mine (Amrun) and management of the Weipa town and infrastructure. Mr. Manderson also holds previous Northern Territory mining experience, having served as Manager Mine and Plant for Energy Resources Australia and spent regular extended periods acting in the site General Manager role. Mr. Manderson will commence his new role on 8 August 2022 and to ensure a smooth transition, Mr. Biggins will continue as a director until the changeover of leadership is complete.