Variscan Mines Limited advised the following changes to its Board of Directors. The Board has reviewed its composition to ensure the continued growth of the Company and its assets and resolved to appoint Dr Frank Bierlein and Mr. Anthony Wehby as non-executive directors with immediate effect. Dr Bierlein is a geologist with 30 years of experience as a consultant, researcher and lecturer and industry professional.

Additionally, he is an experienced public company director. Dr Bierlein has held exploration and generative geology management positions with QMSD Mining Co Ltd, Qatar Mining, Afmeco Australia and Aveva NC, and consulted for among others, Newmont Gold, Resolute Mining, Goldfields International, Freeport McMoRan, and the International Atomic Energy Agency. He was a non-executive director of Gold Australia Pty Ltd. from 2015 to 2019 and chaired the Advisory Board of a Luxembourg based private equity fund between 2014 and 2021.

He is currently a Non-executive Director on the Boards of Blackstone Minerals Limited; PNX Metals Limited; Firetail Resources Limited and Impact Minerals Limited. Dr Bierlein has worked on six continents spanning multiple commodities and over the course of his career has published and co-authored more than 130 articles in peer reviewed scientific journals. Dr Bierlein obtained a PhD (Geology) from the University of Melbourne, is a Fellow of the Australian Institute of Geoscientists (AIG) and a member of both the Society of Economic Geologists (SEG) and the Society of Geology Applied to Mineral Deposits.

Mr. Wehby, is a former Partner of Price WaterhouseCoopers and Corporate Finance Specialist. He is an experienced listed company director with over 50 years of executive and non-executive experience. Having operated in the mining industry for a considerable time, he is currently a non-executive director on the Board of Kingston Resources Ltd. a listed Asia Pacific gold producer.

He is also a non-executive director on the board of Ensurance Ltd. an ASX listed Insurance underwriting agency. He has previously been Chairman of Tellus Resources Limited, Non-executive Chairman of Aurelia Metals Limited and a Director of Harmony Gold (Aust) Pty Ltd. Mr. Wehby has a financial consulting practice focused on strategic advice and he is a member of the Australian Institute of Company Directors. The Company also confirms that Dr Foo Fatt Kah a non-executive director and current Chairman has advised of his intention to step down from his role at the conclusion of the Company's Annual General Meeting.