Spectrum Metals Limited referred to previous announcements advising Shareholders of the takeover offer made by Ramelius Resources Limited (Ramelius) (the Offer). Further to the announcement made by the company on 18 March 2020 noting that Ramelius had reached acceptances of 50.5% and declared the Offer free of all defeating conditions and wholly unconditional. The Board announced the following changes to its composition and confirms the appointment of Mr. Kevin Lines, Mr. Mark Zeptner and Mr. Tim Manners as non-executive directors. Mr. Lines is a geologist and has more than 35 years' of experience in mineral exploration and mining for gold, copper, lead, zinc and tin. Mr. Lines is the Chairman of Ramelius. Mr. Zeptner joined Ramelius Resources Limited on 1 March 2012 as the Chief Operating Officer and was appointed as Chief Executive Officer on 11 June 2014. Mr. Zeptner was appointed as Managing Director of Ramelius effective from 1 July 2015. Mr. Manners is a finance professional with over 25 years' experience in accounting, corporate finance and financial management functions in the resources industry. Mr. Manners has been involved in exploration, developing and producing companies both in Australia and overseas. In addition to the Board changes Mr. Richard Jones, the Company Secretary of Ramelius, has been appointed as joint Company Secretary. The Board has accepted the resignations of Mr. James Croser, Mr. Nader El Sayed and Mr. Les Davis and advised that these changes to its composition are consistent with the intent described by Ramelius in the Bidders Statement dated 25 February 2020.