Ora Banda Mining Limited announced the appointment of Peter Nicholson as its Chief Executive Officer ("CEO"), with effect from 2 April 2021 (the "Appointment Date"). David Quinlivan, the current Ora Banda Managing Director ("MD") and CEO, will retain both roles until the Appointment Date. Thereafter, he will continue as MD, a position he will relinquish in the short to medium term. It is intended that he will then become a Non-Executive Director of Ora Banda, and that Mr. Nicholson will be appointed to the role of MD. The timing of that proposed change will be determined by the Ora Banda Board to ensure an orderly transition of all executive functions. An announcement of the end of the transition period will be made in due course. Mr. Nicholson has 25 years of industry experience in operational and mine management roles, coupled with deep experience in private equity across international mining and mining services. He has had exposure to an extensive range of assets and commodities, spanning over 50 countries, and he has considerable experience in leading senior multidisciplinary technical and commercial teams. Mr. Nicholson will be joining the Company from mining-focussed private equity firm Resource Capital Funds ("RCF"), where he is currently a Partner and the Managing Director of Australia. In his role Mr. Nicholson has been responsible for several of the largest investments made by RCF, (including within the Australia gold sector). As a Non-Executive Director in RCF portfolio companies, Mr. Nicholson has successfully supported investments in the delivery of strategy and the achievement of results, ensuring the right leadership capability to deliver success.