Greenvale Mining Limited announced the following changes to its senior management team as it pursues the next phase of its transition from minerals explorer to producer of carbon offset bitumen and geothermal renewable energy supplier in Queensland. The changes follow the positive recent milestones achieved with the Alpha Torbanite Project and the broader corporate restructuring with the planned divestment of the Georgina IOCG Project to Astro Resources. Executive Director Mr. Mark Turner, who joined the Company in January 2022 following a 20- year career in engineering and project development in the oil and gas, water, power and renewable sectors, will assume the role of CEO.

He will be responsible for driving the next stage of the Alpha Project as well as continuing to progress the Company's significant emerging geothermal energy program. He will be reporting directly to the Chairman, Mr. Tony Leibowitz, who will be actively involved in assisting Mr. Turner with the planning and successful execution of this critical development phase. Current CEO Mr. Matt Healy, will assume the role as General Manager of Greenvale's subsidiary Knox Resources Pty Ltd, pending finalisation of this company's sale to Astro Resources, at which time he will take up the position of CEO of Astro.