Shuka Minerals Plc announce the appointment of Mr. Quinton van der Burgh, CEO of Q Global Commodities, Limited as its new Non-Executive Chairman and Board Director. The Company is also announced a further strengthening of its Board with the appointments of experienced financial and technical executives, Dr. Allen Zimbler and Marcel ('Marc') Nally as Independent Non-Executive Directors effective immediately. The appointments of Mr. Quinton van der Burgh, Dr. Allen Zimbler and Mr. Marc Nally follow the strategic investments by Q Global Commodities and Gathoni Muchai Investments Limited, and appointment of Mr. Jason Brewer as an Executive Director in June 2023.

These additional appointments further strengthen the Company's Board as continue to review potential acquisitions of additional advanced mining and mine development projects located in Africa. Following these appointments, both Nicholas Von Schirnding and Andre Hope have stepped down as Non-Executive Directors of the Company with immediate effect. Mr. Quinton van der Burgh is one of South Africa's leading mining entrepreneurs, with over 20 years of mining experience and a track record of successfully developing more than 47 projects to the mining stage, including two large-scale mining companies.

Mr. van der Burgh is the founder and CEO of Q Global Commodities, one of South Africa's largest privately owned mining houses, with self-sustaining subsidiaries in logistics, beneficiation, plant-hire, and a rapidly expanding metals portfolio. In addition to his extensive business ventures, he has been instrumental in establishing numerous non-profit organizations, investment firms, and mining companies across Africa, Europe and North America. Dr. Allen Zimbler (BA Hons, MBA, PhD) has over 40 years of experience in strategic management and organisational development consultancy and investment banking in both South Africa and the United Kingdom.

or over 15 years, Dr Zimbler was a member of Investec Bank plc's Global Executive team, where he served as its Chief Integration Officer and, for the last five years in his role, was a Group Executive Director. Prior to that Dr. Zimbler ran his own management consultancy group in South Africa for over 25 years, advising both African and international organizations on growth opportunities across multiple sectors. Dr. Zimbler is currently a Director of the African Leadership Institute, a pan-African organisation that runs best-in-class leadership programmes for young future leaders of Africa, a Knight of the Honorary Knights of the Round Table in London, an honorary Member of Magdalene College, Cambridge University and Wolfson College, Oxford University, Chairman of the Ju/'hoansi Development Fund, and Master of the Worshipful Company of Carpenters of the City of London.

Mr. Marc Nally is an experienced geologist and exploration manager with over 25 years of experience in mining and mineral exploration in Africa, South America and Europe. Most recently Mr. Nally was a Non-Executive Director and consulting exploration geologist of AQSE-listed Marula Mining plc where he was involved in the acquisition of several advanced mining projects throughout Africa and consulting exploration geologist to AIM-listed Tertiary Minerals plc with a particular focus on project generation in Zambia. Mr. Nally was a founding Director and former Managing Director of Moxico Resources plc, a private operating, development and exploration mining company that recently commenced copper mining operations at its Mimbula Copper Mine in Zambia.

He was instrumental in identifying and negotiating the acquisition of the Mimbula Copper Mine and the purchase of the Kalengwa Copper Mine. Additionally, Mr. Nally has been involved in various exploration projects and start-up mines in multiple countries, including Russia, Spain, Finland, Republic of Congo, Ethiopia, Indonesia, Zambia, and South Africa.