Suvo Strategic Minerals Limited announced that the Company's CFO, Bojan Bogunovic, has been appointed as Interim CEO of the Company, effective immediately following the resignation of Mr. Hugh Thomas as Managing Director and CEO. Mr. Bogunovic joined the Company as Group Financial Controller in July 2021, shortly after the acquisition of the Pittong Operations from French multinational Imerys S.A. In October 2021, Bojan Bogunovic was promoted from Group Financial Controller to Chief Financial Officer. For the last 4 months, Bojan has been acting in a joint capacity as Chief Commercial Officer ("CCO"), focusing on the sale and marketing of Suvo's hydrous kaolin throughout the Asia Pacific.

Over this period, Mr. Bogunovic has spent significant time in Asia mapping out the kaolin market, developing a new marketing strategy and growing Suvo's sales and distribution presence. Mr. Bogunovic is the Company's key contact throughout Asia Pacific for the sale of kaolin and is well versed in each of Pittong's specific products including their technical parameters and various applications. Aaron Banks transitions from Interim Non-Executive Chairman to Non- Executive Chairman.