Torrens Mining Limited announced the following board changes which occurred pursuant to the Offer being declared unconditional as announced by Coda on 8 April 2022. The Offer is due to close at 4:00pm (WST) on 20 April 2022 and Torrens encourages all shareholders who have not already accepted the Offer to do so. In accordance with Target's Statement, the following board changes occurred on April 19, 2022.

Mr. Keith Jones, the current Non-Executive Chairman of Coda has been appointed as Non-Executive Director of Torrens. Mr. Christopher Stevens, the current Chief Executive Officer and Executive Director of Coda has been appointed as Non-Executive Director of Torrens. Mr. Steve Shedden has resigned as Managing Director and Executive Director and Mr. Mike Collings and Mr. Richard Grauaug have resigned as Non-Executive Directors of Torrens.