Carbon Minerals Limited advised the following changes to the Board and company officeholders. All changes are effective immediately. Steven Danielson has resigned as non-executive director, company secretary and Chief Financial Officer.

Accordingly, Bun Kiem Lee's appointment as an alternate director for Mr. Danielson automatically terminates when Mr. Danielson ceases to hold office as a director. Kenneth Fung has been appointed as a non-executive director and Chief Financial Officer of the company. No remuneration is payable directly to Mr. Fung.

Mr. Fung is a principal of Mitchell & Partners chartered accountants, a firm which provides accountancy and secretarial services to the company on a time charge basis at normal commercial rates. Bun Kiem Lee has been appointed as an alternate director for Mr. Fung.