The Board of Aurora Labs Limited announced that the Current Managing Director and CEO David Budge has agreed to take up the new role of Chief Technical Officer. Peter Snowsill, currently COO, will act as interim CEO pending a new CEO appointment. Given Mr. Snowsill's industry experience and current integral involvement in daily operations, the transition is expected to have minimal impact on the productivity or management of the Company.

Current Chairman Paul Kristensen has agreed to retire from the Board to further support the Board Refresh Strategy and to ensure the appropriate board makeup for a Company at Aurora's size and development stage. Current Executive Directors David Budge and Nathan Henry will also retire from their Board positions Consistent with the refresh strategy, two new non-executives have joined the Board - Grant Mooney as Non-Executive Chairman, and Ashley Zimpel as a Non-Executive Director. Mr. Mooney is the principal of Perth-based corporate advisory firm Mooney & Partners, specialising in corporate compliance administration to public companies.

shley Zimpel is a Perth based business developer, founder, entrepreneur, corporate financier, adviser and senior banker/investment banker with broad financial markets experience. All Board changes are to take effect as of on 25 March 2020.