Dacian Gold Ltd. advises the following changes to the Company's Board and management. Mr. Tony Kiernan retires as one of the Genesis Minerals Limited (Genesis) nominee directors on the Dacian Board effective 28 February 2023. Mr. Kiernan is to be replaced by Mr. Gerry Kaczmarek.

Mr. Kaczmarek, currently a Genesis Non-Executive Director, brings valuable corporate and governance expertise to the Dacian Board. With the Genesis offer for Dacian now closed, current Chief Executive Officer, Mr. Dale Richards is returning to position of General Manager - Geology and Exploration to focus on the exploration portfolio of the group (previously announced). Current Chief Financial Officer and Company Secretary, Mr. Derek Humphry will assume the role of Interim Chief Executive Officer to complete Dacian's transition to explorer /developer announced 30 January 2023.

There will be no change to Mr. Humphry's existing remuneration, terms and conditions. With the Mt Morgans mill moving into care and maintenance, Dacian is focused on Resource and Reserve growth, mining studies (including review of a low-cost open-pit owner mining model), expansion of water supply and tailing storage capacity for long life operations, and exploration upside.