Novo Lítio announced that Mr. David Frances has resigned his position as Chief Executive Officer and Managing Director, effective 15 December 2017. David is returning to Australia for personal reasons and will continue to work closely with the NLI Board as an advisor to the Company, to assist NLI with its ongoing legal proceedings to protect its interests in the Sepeda Project in Portugal. Dr. Francis Wedin, NLI's Executive Technical Director, will be appointed as Interim CEO.

Dr. Wedin has been instrumental in the inception and implementation of NLI's lithium strategy, including the discovery and development of two new lithium deposits, on two continents, within 12 months.