High Peak Royalties Limited announced that with immediate effect Mr. David Croll, the current Interim Chairman has stepped down and will continue to serve the Company as a Non-Executive Director, in favour of a unanimous resolution to elect current Non-Executive Director Mr. James Knowles to the role of Chairman. Mr. Knowles' experience in over 25 years as a geologist includes working in senior technical roles for companies such as BHP, Peabody Energy Australia, and more recently being a Founder and Director of Measured Group Pty Ltd, a technical consulting business that consults to a range of exploration and mining companies in Australia and overseas. His participation at a Board level has included applying his technical and commercial knowledge across High Peak's royalty portfolio and geothermal tenement set.

Mr. Knowles has proven his expertise to lead High Peak, and the Board is confident that he will continue to progress the company's future plans. In conjunction with the current Board leadership review the Company advised that Mr. Jarrod White has resigned as Company Secretary effective 10 November 2022, and will continue to as the Chief Financial Officer, allowing his time to be more appropriately focused on the financial management of the Company and to support Mr. Knowles as incoming Chairman. Ms Louisa Ho has been appointed Company Secretary of the Company effective immediately, and will be supported by Mr. White in a transition of his Company Secretarial responsibilities.