Lodestar Minerals Limited advised that effective 2 December 2022, long standing Managing Director Bill Clayton will step down as a director of the Company. Mr. Clayton has been the Managing Director since the inception of the Company and has made an enormous contribution to the Company during his tenure. Although he is stepping down as a director, Mr. Clayton will continue to oversee the Company's exploration activities in a consulting role.

The Company also advised that effective 2 December 2022, Mr. Edward Turner will be joining the board as a Non-executive Director. Mr. Turner has 35 years of experience in the mining industry. He is a geologist with extensive experience in exploration management, underground mining, resource development, capital raisings, and commercial acquisitions and divestments.

He has worked in precious metals, base metals, uranium and lithium in Australia, Africa, Eastern Europe, and South America. Recent Executive roles have included Technical Director for Riedel Resources Ltd, CEO for Galena Mining Ltd. and CEO of Kingwest Resources Ltd. The Company also advises that Mr. Ross Taylor, formerly Non-executive Chair, has assumed the role of Executive Chair of the Company.