Chaarat announced the appointment of Vladimir Shvetsov as Senior Vice President for Geology and Exploration and the earlier appointment of Vyacheslav Pilipenko as Vice President for Government Relations and Security. Mr. Shvetsov will take over from Dorian L. (Dusty) Nicol as Senior Vice President for Geology and Exploration effective immediately. Mr. Nicol will continue to work closely with the Company's Board and Mr. Shvetsov in an advisory capacity but will be retiring from his full-time executive role. Mr. Shvetsov has over 40 years of mining industry experience and has been involved in every level of mineral exploration in the gold mining business. He started his career in the 1970s as a geologist in Pre-Arctic Ural, following which he headed up the geological departments of a number of major gold mining companies globally, in Russia, and in the CIS. During his career Mr. Shvetsov has led the exploration, design and implementation of numerous early and advanced-stage gold exploration projects, as well as prospected mine evaluations through M&A, geological audits and consulting on all aspects of geology and exploration. Between 2014 and 2018 Mr. Shvetsov served as Head of the Geology Department of GV Gold and prior to this, he spent 6 years (2007-2013) at Nord Gold N.V. as Director of Geology. At both companies he transformed the businesses by creating integrated Geological Departments. Mr. Shvetsov will bring with him a team of highly seasoned professionals who, together, will strengthen the mining and geology department at Chaarat. Mr. Pilipenko has 15 years of experience working for major Russian and world leading companies, including aluminum producer UC Rusal and state-owned energy company InterRAO, as well as serving for 7 years for the Presidential Administration of the Russian Federation. Mr. Pilipenko successfully managed a number of government relations projects for Russian and international companies, including development of government relations strategies, maintaining effective interaction with state authorities and political organizations and representing interests of companies in Central Asia. As part of continued focus on improving its corporate governance, Frances Robinson joined Chaarat as company secretary in January this year. Mrs. Robinson is a qualified lawyer in England and Wales and has more than 15 years' experience as a FTSE company secretary.