Greenstone Resources Limited advised that Mr. Jonathan Young will retire as a Non-Executive Director of the Company effective from the close of the forthcoming Annual General Meeting in November. Mr. Young has had a longstanding relationship with the Company spanning two decades, having more recently joined the Board in 2015 to instigate a corporate rejuvenation process. Following the recent changes in Board, Management and corporate strategy over the past twelve months, Mr. Young has subsequently made the decision to retire from the Company.

During his tenure as a Non-Executive Director, Mr. Young has made a major contribution to the Company, in particular his resolve to rejuvenate the Company and unlock the latent value across Greenstone's base and precious metals portfolio. Greenstone will commence a search process to identify a replacement independent Non-Executive Director to ensure the Company has the appropriate blend of skills and experience in place as it transitions from explorer to developer following the recent exploration successes at both Burbanks and Phillips Find.