Gold 50 Limited announced that Mr. Greg Foulis will join the Board as a non-executive director. Greg has a proven track record in the mining industry with over 35 years of diverse international experience including 20 years direct resources industry experience and a further 18 years financial markets involvement. Greg was most recently the Chairman of ASX listed Nusantara Resources, progressing the 2.4 million ounce Indonesian - Awak Mas Gold Project through feasibility, FEED, initial financing and culminating in an agreed AUD 80 million takeover by Indonesian company Indika Energy in 2021.

Prior to this Greg was CEO of Kingsgate Gold from 2015 to 2017. From 2009 - 2013 Greg was Senior Vice President - Business Development at Angolgold Ashanti. Early career mining experience included eight years as a geologist with a cross section of experiences in exploration, project evaluation and mining operations in the Australasia and America's regions.

Geological career highlights include involvement in the exploration, drill out and feasibility of the giant Lihir Gold project in PNG. Date of appointment is 15 August 2022.