Critical Resources Limited announced changes to the Board effective 12 August 2022, Mr. John Markovic has been appointed as a non-executive director. Mr. Markovic has been involved as a successful private property developer and investor for over thirty years. He is currently a managing director of a number of private companies including JGM Property Investments Pty Ltd. that have ownership of substantial industrial and commercial properties portfolios in New South Wales.

Mr. Markovic holds degrees in both a Bachelor of Laws and a Bachelor of Commerce and has been involved in numerous entrepreneurial tech and property start-ups as an early stage investor and advisor throughout his career. The Board does not considered Mr. Markovic to be an independent director given his substantial shareholding in the Company. Mr. Jihad Malaeb has resigned from his position as non- executive director due to family commitments.

The Board acknowledges and thanks Mr. Malaeb for his contribution to the Company during his tenure and wishes him all the best in his future endeavours. Mr. Markovic to the board and the board looks forward to working together and benefiting from his significant business experience as continue to execute development strategy. Mr. Malaeb would like to thank the Company's shareholders for their support during his tenure and will continue to provide his support to the Company as a significant shareholder.