Hawsons Iron Ltd. announced that the Hon Tony McGrady has accepted an invitation to join the Board as a Non-Executive Director of the Company, effective on 3 October 2022. Mr. McGrady, a former Queensland Minister for Mines and Energy and Mayor of Mount Isa, fills a vacancy created by the retirement of Mr. Jon Parker which takes effect on the appointment of Mr. McGrady. Mr. McGrady currently chairs the Queensland Premier's Ambassadors Council, the CopperString Regional Reference Group and LifeFlight's Advisory Committee for the North-West Region, and is a Federal Government appointee to the Riversleigh World Heritage Committee.

Hawsons Chairman Mr. Dave Woodall thanked Mr. Parker for his significant contribution and welcomed Mr. McGrady, who brings to Hawsons exceptional government relations and stakeholder management experience gained during a long and distinguished career in politics and public service. During this time Mr. McGrady successfully built personal relationships with affected First Nation communities and their leadership around the benefits the mining industry could bring to overcome Traditional Custodian opposition to mining in the region. Mr. McGrady thanked Hawsons for the invitation to join the Board at such a pivotal point in the development of the Company's flagship high-grade magnetite project near Broken Hill in NSW.

Mr. Woodall said the Hawsons Board had benefited enormously from Mr. Parker's vast resources industry experience, deep involvement and wise counsel during his time as a Non-Executive Director. A member of the Audit committee, Mr. Parker joined the Board in February last year - having previously served as a Director from June 2018 to May 2020.