Catalyst Metals Limited announced that the Board has commenced a transition plan. As part of this transition Non-Executive Chairman Stephen Boston has advised the Board of Directors of Catalyst. Mr. Boston's tenure as Chairman has led the transformation of Catalyst from a junior explorer to that of a new mid-tier Australian gold producer.

Mr. Boston has played a pivotal role in growing the company from a fledgling exploration company to a larger more stable gold producer. Non-Executive Director Robin Scrimgeour to act as interim Chair during board transition process with he and Bruce Kay leading the search for a new Non-Executive Chairman. After 14 years as Chair, and having consideration for Catalyst's operating requirements post its consolidation of the Plutonic Gold Belt, Steve Boston has indicated his intention to retire from the Catalyst Board of Directors as part of a Board renewal process · Non-Executive Director Robin Scrimgeour to act as interim Chair during board transition process with he and Bruce Kay leading the search for a new Non-Executive Chairman Mr. Boston's tenure as Chairman has led the transformation of Catalyst from a junior explorer to that of a new mid-tier Australian gold producer.

Mr. Boston has played a pivotal role in growing the company from a fledgling exploration company to a larger more stable gold producer. This involved securing support from key investors such as Hancock Prospecting Pty Ltd. and St Barbara Ltd. to support Catalyst's exploration efforts in Bendigo, numerous financings at different points in Catalyst's life, the acquisition of the Henty Gold Mine, the formation of a new management team and ultimately the consolidation of the Plutonic Gold Belt. Through each step, Mr. Boston has progressively sought to increase the size and capability of Catalyst in the hope of giving Catalyst shareholders every opportunity to realize the maximum potential possible that Catalyst believes lies beneath the Catalyst controlled Bendigo Goldfields.