Twenty Seven Co. Limited advises that, with immediate effect, it has given notice of termination of the consultancy agreement under which the services of Mr. Simon Phillips are provided as Chief Executive Officer (CEO). The board, led by Non-executive Chairman Rohan Dalziell and Non-executive Directors Mark Burchnall and Tim Armstrong will supervise the Company's operations whilst a search for a suitable replacement is undertaken.

Mr. Stephen Pearson continues to remain in the role of Exploration Manager and will continue to manage the Company's exploration programs going forward.