The board of Orinoco Gold Limited has accepted the resignation of Mr. Jeremy Gray as Managing Director of the company, and recently appointed director, Mr. Matthew O'Kane has taken up the role of Interim Executive Director due to his relevant experience in driving turnaround strategies. As interim Executive Director Mr. O'Kane will receive annual compensation of AUD 100,000 in addition to the proposed issue, subject to shareholder approval, of 5,000,000 performance rights as detailed in the announcement of his appointment to the Board on 12 December 2018. The board expects continued evolution of the Orinoco leadership team in early 2019 to ensure the right mix of advanced operational and non-operational skills are available to the company and its projects.