Celsius Resources Limited Regulatory News (CLA)

23 MARCH 2023

Board Changes and Appointment of Sustainability Director

Highlights

· Ms. Attilenore Manero appointed as Executive Sustainability Director of Celsius Resources

· Mr. Julito Sarmiento now Executive Chairman, and Mr. Peter Hume now Managing Director of Celsius Resources

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Celsius Resources Limited ("Celsius" or "the Company") is pleased to announce that Ms. Attilenore Manero has been appointed as Executive Sustainability Director of the Board, effective from 23 March 2023. Also effective from this date, Mr. Julito Sarmiento will move from Non-Executive Chairman to Executive Chairman (under the same terms of the position held by his predecessor, the late Martin Buckingham), and Mr. Peter Hume will move from Executive Director to Managing Director of the Group.

Ms. Manero was previously on the Board of Celsius from 4 February 2021 to 30 September 2021, but has since continued to work as Community Relations Manager in the Philippines. Her new position will be a more active role in overseeing Environmental, Social and Governance (ESG) and community elements as well as various regulatory related approvals for the Company's flagship assets in the Philippines and thus part of the Senior Management of the Group.

She specialises in social and environmental impacts management, with substantial practical experience throughout the Philippines, having worked with major public infrastructure, energy and mining projects involving indigenous communities for more than 13 years. She has past experience in and is currently managing a diverse team of local and international experts whilst carrying out studies leading to the development and implementation of social and environmental plans and programs, consistent with local statutes and internationally accepted standards.

Generally, she works closely with technical and engineering teams to ensure that adverse social and environmental effects are avoided or at least mitigated, while positive impacts are enhanced which are essential to obtaining a social license to operate within the Philippines.

Prior to joining the natural resource industry, Ms. Manero has more than 10 years of development work experience with World Bank and EU funded integrated rural development programs within the Philippines.

These were implemented in collaboration with the national government agencies, local government units, non-government organisations, as well as private sectors. 

Celsius Chairman Atty. Julito R. Sarmiento said:

"We are very pleased to have Ms. Manero become a member of the Celsius Board as it demonstrates not only the company's commitment to inclusivity and gender diversity but also in meeting our ESG and sustainability goals. Having personally worked with her, she has consistently demonstrated her passion and dedication to the local companies' growth and development, whilst making sure that sustainable business practices are seriously adhered by the companies. We are fortunate that she has agreed to share her time and talent to make this happen not only at the local Philippine subsidiaries level but also that of the Celsius Group."

AIM Disclosures:

Attilenore Paz Manero, aged 46, previously Attilenore Manero-Austria, has held the following directorships and/or partnerships in the past 5 years:

Current Directorships:

Directorships in previous five (5) years:

Attilenore currently owns 21,000,000 ordinary shares in the Company representing 1.13% of the Company's issued ordinary share capital. She also holds 21,000,000 additional contingent consideration shares which can be issued to her upon Celsius Resources securing its MPSA mining license before 4th August 2023.

There is no further information on Attilenore Manero required to be disclosed under Schedule Two, paragraph (g) (i)-(viii) of the AIM Rules for Companies.

This announcement has been authorised by the Board of Directors of Celsius Resources Limited.

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 as it forms part of UK Domestic Law by virtue of the European Union (Withdrawal) Act 2018.

Celsius Resources Contact Information

Ground Floor, 16 Ord Street

West Perth WA 6005

PO Box 902

West Perth WA 6872

P: +61 8 9482 0500

E: info@celsiusresources.com.au

W: www.celsiusresources.com

SP Angel Corporate Finance LLP

(Broker)

Ewan Leggat +44(0) 203 470 0470