Thred Limited (to be renamed PVW Resources Limited) (Thred or Company) advised that, further to the announcement dated 14 September 2020 regarding the acquisition of PVW Resources NL (PVW), and the subsequent announcement dated 25 January 2021 (ASX Conditional Approval for Re-Admission), the Company has now completed the acquisition PVW. Accordingly, with effect from 1 February 2021, Mr. George Bauk joins the Board of Thred as an Executive Director and Mr. Colin McCavana joins the Board as a Non-Executive Director. George is an experienced executive/director with 30 years in the resources industry. He has had responsibilities for global operational and corporate roles with Northern Minerals, WMC Resources and Western Metals. George has a strong background in strategic management, business planning, building teams, finance and capital/debt raising with a variety of commodities ­ in particular, rare earths, gold, nickel and uranium. He was managing director of Northern Minerals from 2010 to 2020. George is currently on the Board of Gascoyne Resources, Lithium Australia and Valor Resources, and Blackearth Minerals. Colin has over 40 years' experience in the mining and resources sector and has extensive experience in exploration, project development, construction, corporate management, capital raising, financing, and operations. He has had extensive involvement in gold exploration and gold project development including the successful development and operation of several carbon in pulp and heap leach gold projects in Western Australia. Colin is a founding director of Northern Minerals Limited and currently sits as chairman. He is also chairman of Reward Minerals Limited. Further, in accordance with the Terms Sheet, Mr. Sol Majteles and Mr. Joe Graziano resign as directors effective 1 February 2021. Joe Graziano will continue as Company Secretary and CFO of the Company.