The Board of Zenith Minerals Limited announced changes to the Board composition and the appointment of a senior mining executive to the new position of General Manager of Discovery. After a dedicated 9 years of exceptional Non-Executive Director service to the Company, Julian Goldsworthy has decided to resign to pursue other opportunities in the industry. Julian has over 30 years as an exploration geologist and has been in senior roles in this capacity with Newcrest Mining, Gascoyne Resources and Giralia Resources.

As part of this decision, the Board is delighted to have Julian remain in a consulting capacity with Zenith given his exceptional understanding of the lithium exploration market and to continue assisting the Managing Director, Mick Clifford, in the pursuit of new opportunities in this area. The Board announced the appointment of Andrew Bruton as a new Non-Executive Director to replace Julian. Andrew is an experienced company director, listed company CEO and corporate advisor.

He brings over 20 years of direct experience in advancing complex mining, oil & gas and energy projects and transactions within Australia and overseas. He was formally the CEO of MacArthur Minerals delivering the feasibility study on their iron ore assets. Andrew was formally a specialist lawyer for 20 years for one of Australia's leading national firms and was awarded "Most Trusted Mining and Resource CEO 2022" by CEO Monthly Magazine.

He holds a Bachelor of Business and a Bachelor of Laws from Queensland University and is a Member of the Australian Institute of Company Directors. His broad experience in the resource sector will be a valuable addition to the Company moving forward. In a new role being formed by the Company, Kevin Seymour will assume the role of General Manager Discovery ­ Gold and Base Metal Assets.

Kevin is a highly experienced and credentialled exploration geologist with broad experience across different commodities and geological terrains. He has been the Managing Director of Woomera Mining and was formally the General Manager of Exploration at Ramelius Resources Limited. He has also held senior exploration roles with Glengarry Resources, Sons of Gwalia and Delta Gold.

Kevin was appointed to be the Managing Director of these assets as part of a spin-out into a separate listed company. With that transaction no longer proceeding, Kevin's intimate knowledge of these assets made him an obvious choice to able to continue the work that he had done in assessing this portfolio and implement the exploration strategy he had proposed. Zenith has the balance sheet and liquid assets, to properly fund the exploration of its 100% owned assets, to add value to them.

Kevin has the experience of bringing projects into development and monetising them.