Pearl Gull Iron Limited announced that Mr. Evan Spencer has been appointed as the interim Chief Executive Officer (CEO) of the Company through a consultancy agreement. Mr. Spencer is a seasoned mining executive, with extensive experience internationally and domestically operating large scale multi-site operations as well as small scale operations in both gold and base metals. As a result of Mr. Spencer's appointment, Mr. Passmore and Mr. Fisher will move to Non-Executive Director roles effective immediately.

The material terms of Mr. Evan Spencer's consultancy agreement are as follows: Commencement date: 1st April 2022, Term: No fixed term, Remuneration: $250 per hour (including GST), Termination: 1 month notice by either Mr. Spencer or the Company.