Katoro Gold PLC announced the formal appointment of Sean Wade as Non-executive Chairman with immediate effect. This follows the company's previous announcement proposing Mr. Wade's appointment on 15 February 2024 and the satisfactory completion of stock market (including Nominated Adviser) due diligence. As outlined in the Company's "Financing, Business Developments and Director Changes" announcement of 12 February 2024, two new directors are to be appointed to the Board of the Company.

Mr. Wade is the first as Non-executive Chairman and a second director is expected to be follow in the role of Chief Executive Officer. With the appointment of Mr. Wade as Non-executive Chairman, Louis Coetzee, former Chairman, will remain as Executive Director and will then step down from the Board and employment with the Company simultaneously with the appointment of the second director. Mr. Coetzee will then become a consultant to Katoro until 31 July 2024 to assist with the transition of responsibilities.