Papua Mining plc proposed strategic acquisition of precious and base metal interests in Australia, subject to completion of the acquisition, John Hutchinson and Michael Joliffe will step down from the Board with immediate effect. Hugh McCullough and Kieran Harrington will remain as non-executive directors of the Company and Michael Somerset - Leeke will become non-executive Chairman. It is further proposed that David Price will be appointed Chief Executive Officer, John Haggman will be appointed as Technical Director and that Paul Johnson will also be appointed non-executive director.

David Price is an experienced executive and technical operator in the global mining industry. Past appointments include, CEO of Convergent Minerals Limited and Golden Tiger Mining NL, and Managing Director of Millennium Mining (Fiji) Limited. John Haggman has 30 years of broad international experience in precious and base metals including project management and senior technical and executive director roles.

Past roles include Senior Geologist for Cyprus Gold Australia, Exploration Manager for Climax Mining Limited and Country Manager, Philippines for Climax Arimco Mining Corp. John previously held non-executive directorships with Convergent Minerals Limited and Foyson Resources Limited, and held executive director roles with King Eagle Resources Pty Ltd, Titan Mines (PNG) Limited and MIL Resources Limited. Paul Johnson was Chief Executive Officer of Metal Tiger plc and has been an active investor for over 25 years and co-founded MiningMaven, an investor communications service focused on the natural resource sector.

Paul was also a non-executive director of Greatland Gold plc until August 2016. Paul is currently non-executive director of Thor Mining plc and Chief Executive Officer of Metal NRG plc.