The Board of Oar Resources Limited announced the appointment of Mr. Justin Richard as Chief Executive Officer of the Company, effective immediately. Mr. Richard is a mining executive with more than 15 years' experience in senior international and resource sector roles. He was most recently Managing Director of Alara Resources Ltd. where he led that company through a series of successful milestones.

These included multiple capital raisings, a bankable feasibility study, a maiden ore reserve, offtake agreement and securing the first copper mining licence awarded to an international joint venture in the Sultanate of Oman. A key initial focus of his role will be to undertake a thorough operational review of the Company's projects and strategy, to maximise its opportunities and determine the next steps moving forward.