Horizon Minerals Limited advised that current Managing Director Mr. Jon Price will step down from the role effective 30 June 2023 after 7½ years. At this time Mr. Price will move into the role of Non-Executive Director of Horizon. As the Company transitions into underground mining at the proposed Cannon gold mine, the company announced the promotion of current Chief Operating Officer Mr. Grant Haywood to the position of Chief Executive Officer effective 1 July 2023.

Mr. Haywood is a Mining Engineer with over 30 years' experience in underground and open cut mining operations. He has served as Horizon's COO for more than 5 years and has a deep understanding of the planning and operation of Western Australian gold projects having also worked for junior and multi-national companies including Gold Fields Ltd, Saracen Mineral Holdings Ltd. and Phoenix Gold Ltd. The Company has no current plans of replacing the Chief Operating Officer role.