High Peak Royalties Limited announced that Mr. James Knowles, who was appointed as the Non-Executive Chairman on 10 November 2022, has now been
appointed as Executive Chairman with immediate effect. The change in Mr. Knowles' designation to Executive Chairman follows activities in relation to the portfolio review completed, recent focus on royalties that High Peak holds in Queensland and the Northern Territory, and geothermal projects (as previously announced), of which the Company has exposure to multiple assets and tenements. In assisting in these activities Mr. Knowles has applied his technical and commercial knowledge and taken a proactive approach in leading High Peak's focus in reviewing its asset base. The Board believes that in
designating Mr. Knowles as an Executive Chairman he will be well positioned to continue to utilise his technical and commercial expertise, and progress and expand the Company's future plans. Following the appointment of Mr. Knowles as the Executive Chairman, Mr. David Croll and Mr. Anthony
Wooles will remain as Non-Executive Directors.