Horizonte Minerals Plc announced the appointments of Paul Smith as Non-Executive Director and Chair of the Board of the Company and of Karim Nasr as an Executive Director of the Company. As previously announced on 27 November 2023, the Board proposed the appointment of Paul Smith as Non-Executive Director and Chair, succeeding Vincent Benoit who had agreed to act as interim Chair and who will now continue his role as a Non-Executive Director, in addition to theappointed Mr. Nasras an Executive Director. Mr. Smith and Mr. Nasr's appointments weresubject to receipt of the usual director certifications in accordance with the AIM Rules.

The Company's Nominated Advisor, Peel Hunt, have now completed the due diligence processes, and Mr. Smith's and Mr. Nasr's appointmentshave been confirmed by the Board, effective immediately. Following this announcement, Horizonte's Board will be comprised of five members, of which the following three members are considered independent under the QCA Corporate Governance Code: Paul Smith, Gillian Davidson and John MacKenzie. Mr. Nasr has also been appointed as interim CEO to lead the financing and restructuring process for the Company and to work with the Board to appoint a new senior leadership team.

In the process, Mr. Nasr temporarily stepped down from his day-to-day executive role within La Mancha Resource Capital LLP to devote himself to Horizonte, agreeing to a Conflict of Interest Protocol, a summary of which is set out below.