Critical Minerals Group Limited announced that Mr. Scott Drelincourt has decided to step down as CEO and Managing Director and leave the company having been integral to the exploration success of CMG, including delivering CMG's maiden and upgraded JORC resource and commencing the scoping study. The Board thank Scott for his significant contribution to the company's success to date. CMG announced that experienced mining executive, Mr. Scott Winter, has been appointed CEO and Managing Director with a commencement date of the 10th of July 2023.

Mr. Winter, is an experienced mining engineer with almost 30 years working across all aspects of mining exploration, development, engineering, financing and operations. After early years at MIM, BHP and then managing major projects at Thiess, Scott progressed to C-suite roles including CEO and MD of MACH Energy Australia, COO for Mineral Resources Ltd, CEO (Surface) at Perenti Group and Interim CEO and Director at Jupiter Mines Ltd. Scott holds a Bachelor of Engineering ­ Mining (Honours), a Graduate Diploma - Applied Finance and Investment (Securities Institute Australia) and an MBA from Melbourne Business School. The Board are excited to work with Mr. Winter to take the next steps in developing the Lindfield vanadium project.

Critical Minerals Group's flagship Lindfield Vanadium Project is shaping up as a key Queensland mining project at a time when global demand for Vanadium is building and there is growing recognition of this critical mineral as essential to the energy transition for Queensland and Australia through its use in vanadium redox flow battery systems. This announcement was approved by the Board.