Pacific Nickel Mines Limited confirmed the appointment of Mr. Greg Foulis as an Independent Non-Executive Director and Chairman of the
Board. Greg is a Resource Sector-Finance Executive with over 35 years of diverse international experience. Greg has a track record in finance and mining across a variety of roles ranging from Board, CEO, Business Development and Investment Advisory services. Greg is currently a Director of USA explorer Gold 50 Limited, mining advisor to Paradigm Capital Inc., as well as co-founder and Chairman of an unlisted Japanese gold exploration company. Greg was Chairman of ASX listed Nusantara Resources Ltd. from March 2018 to October 2021, progressing the 2.4 million ounce Indonesian - Awak Mas Gold Project through Feasibility, FEED and initial financing engagement, culminating in an agreed AUD 80 million takeover by Indonesian company Indika Energy in 2021. Prior to this, Greg was CEO of ASX listed gold mining and development company Kingsgate Consolidated from June 2015 to August 2017. Greg led the restructuring, divestment and re-focus of the business. In a challenging Thailand environment, a debt burden of over USD 100 million was eliminated and the business placed on a new strategic footing. From 2009 to 2013 Greg served as Senior Vice President - Business Development at AngloGold Ashanti Ltd. Prior to joining AngloGold, Greg spent seventeen years in the Finance sector with resource related roles including eleven years with Deutsche Bank in various roles including mining equity research, mining and energy specialist sales and international funds management. Geological career highlights include involvement in the exploration, drillout and feasibility of the giant Lihir Gold project in Papua New Guinea in the 1980's. Greg received an M.Comm. (Finance) from the University of NSW in 1992 and a B.App.Sc. (Hons) in Geology from the NSW Institute of Technology in 1984. He is a Graduate Member of the Australian Institute of Company Directors and a Fellow of the Australian Institute of Mining and Metallurgy. Mr. Terry Cuthbertson has stepped down as Chairman of the Board but will continue as a Non-Executive Director. The appointment of Greg Foulis follows the transition of the Company to a near term producer where Greg can take a more hands on approach to the delivery of the Company's nickel projects in the Solomon Islands.