Labyrinth Resources Limited announced the appointment of Ms. Jennifer Neild as Chief Executive Officer. Ms. Neild is a resources executive with more than 18 years' of experience in exploration across a broad range of commodities in various jurisdictions. She was most recently Chief Executive Officer of Peak Minerals Limited.

Ms. Neild holds a Bachelors Degree in Geology (Hons) from Laurentian University in Sudbury, Ontario and a Masters Degree in Geophysics from Curtin University in Perth, Western Australia. She has previously held senior positions in exploration, resource geology and production geology in both Australia and Canada with Newmont Australia and Falconbridge Ltd, as well as General Manager - Interpretation for expert geophysics group HiSeis Pty Ltd. Current Chief Mr. Executive Matt Nixon will transition to the Board in a Non-Executive Director role, effective 1 July 2023. This follows a tenure of over two years initially as Chief Operating Officer from February 2021 and then Chief Executive Officer since November 2021.

In this role, he led Labyrinth through a transformational period of portfolio evaluation, administrative rectification, project acquisition, Company rebranding and strategic reset. The retention of Mr. Nixon's expertise in the resources industry and knowledge of the Labyrinth business in a Director capacity ensures the Company remains well placed to deliver it's strategic objectives and generate shareholder value. Mr. Nixon will provide Chief Executive services on a consultancy basis to ensure a smooth transition to the commencement of Ms. Neild.

Labyrinth advised that as part of the strategic Board and key management changes, Mel Ashton will resign from his role of Non-Executive Director, effective 30 June 2023. Mr. Ashton provided his expertise to the Company throughout the transformational acquisition and establishment of operations in Canada over the past two years.