Stratex International Plc board has resolved to appoint Tim Livesey as CEO of the Company (subject to the standard regulatory due diligence). Tim has stated that he will be available to accept the appointment commencing on 1 March 2018. In the interim, Tim will work alongside the team as a technical consultant.

Tim has 28 years' experience in gold and base metals, with a distinct focus on Africa, Europe and Asia. He has worked at all stages of exploration, development and mining, and has a strong track record of delivery, both at the technical and commercial level within previous positions. Some of his more notable roles to date include exploration manager Barrick Gold Corp., project director and later CEO of Tethyan Copper Company Pty, and more recently as COO of Reservoir Minerals Inc. Upon Tim Livesey's appointment, Dr. Bob Foster will stand down from the Board, where he has been fulfilling the role of Interim CEO.

Bob will continue to support the Company as required as a consultant and provide continuity on the strategic review he has conducted with the Stratex team in the last few months.