Deep Yellow Limited (ASX: DYL; OTCQX: DYLLF) (Deep Yellow or the Company) is pleased to confirm the following appointments to the Company effective from 4 August 2022: Steven Michael (Executive Director); Wayne Bramwell (Non-Executive Director) and Anthony Chamberlain (member of the executive team).

Steven Michael, Wayne Bramwell and Anthony Chamberlain join the Company from the board of Vimy Resources Limited (Vimy), following implementation of the scheme of arrangement between Vimy and Vimy's shareholders on 4 August 2022. Steven Michael is joining as Executive Director with a focus on Australian operations, and he will initially be responsible for the full integration of the Vimy business and employees, including focusing on relationships with key stakeholders. Pursuant to Listing Rule 3.16.4, the Company has attached a summary of the key terms of employment for Steven Michael at Annexure A.

About Deep Yellow Limited

Deep Yellow is progressing its development through a combination of advancing its existing assets and expanding its opportunities for diversified growth through sector consolidation. With the merger and acquisition of Vimy, the expanded Deep Yellow now has two advanced uranium projects at feasibility stage located both in Namibia and Australia with the potential for production starting from the mid 2020's. In addition, with its expanded exploration portfolio, opportunity also exists for substantial increase of its uranium resource base aimed at building a significant global, geographically diversified project pipeline.

Contact:

Web: www.deepyellow.com.au

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