De Grey Mining Limited announced that the appointment of Mr. Peter Holmes as Project Director for the Hemi Gold Project (Project). Mr. Holmes will commence with De Grey this month and will be a key part of the Company's senior management team reporting to the Managing Director. Mr. Holmes is a highly experienced project development, operational readiness and corporate mining executive with over 30 years' experience in the gold mining industry including with Barrick Gold Corporation (Barrick) and prior to that with Placer Dome Asia Pacific (Placer).

He has worked across various jurisdictions including Australia, Canada, United States and South America. Mr. Holmes' previous roles include Senior Director of Project Execution for Barrick where he oversaw approximately $9 billion in construction projects. The role encompassed the completion and handover of the Pueblo Viejo gold project, one of the world's pressure oxidation (POx) plants, located in the Dominican Republic.

Other previous roles include Senior Director - Construction and Corporate Manager - Projects for Barrick and Corporate Manager - Project Management for Placer. Mr. Holmes has more recently worked as Studies Director for SolGold on its Cascabel project in Ecuador. Mr. Holmes holds tertiary qualifications in Mining Engineering and Mineral Technology and is a member of the Canadian Institute of Mining (CIM), Project Management Institute (PMI) as well as the Association for Advancement of Cost Engineering (AACE) International.