Desert Metals Limited announced it has settled and completed the acquisition of 100% of the issued capital of Côte d'Ivoire mineral explorer CDI Resources Limited (CDI) (the Acquisition), as reported in the Company's ASX Announcement 4 December 2023. DM1 is pleased to welcome Stephen Ross (BSc (Geology), FFin, MAusIMM, MAICD) as a non-executive director and Manager of the Côte d'Ivoire projects, in conjunction with the CDI Resources acquisition. Mr. Ross has a 28-year history with West Africa, having been based in Ghana for many years managing a geological consultancy, and is a former director of West African Resources Limited and Azumah Resources Limited.

Mr. Ross is a geologist, independent consultant, and public company director who has been involved in the international minerals industry in technical, business development, and corporate positions for 30 years. He is also non-executive Chairman of Power Minerals Limited and a non-executive director of Pinnacle Minerals Limited, Summit Minerals Limited and Trigg Minerals Limited. Mr. Ross will attend the African Mining Indaba Conference in Cape Town, South Africa as part of the Explorers Showcase to promote Desert Metals' Côte d'Ivoire projects.

Post-Indaba, he will travel to Côte d'Ivoire to supervise and review in-country operations, particularly ongoing and planned drilling programs at Tengrela South and Adzope (subject to granting). Anthony (Tony) Worth and Keith Murray have resigned as directors of Desert Metals with effect from the Settlement of the Acquisition. The Board thanks Mr. Worth, who was one of the original founders of Desert Metals, and Mr. Murray for their contribution to the Company and wishes them well in the future.

Accordingly, the Board now comprises non-executive Chair Mark Stewart, Managing Director Robert Stuart, and non-executive Director Stephen Ross, who will manage DM1's operations in Côte d'Ivoire.