Oro Verde Limited announced that Mr. Trevor Woolfe has advised of his intention to stand down as Managing Director, with effect from 31 December 2017, to focus on his consultancy business. Mr. Woolfe will continue to be available to assist the company in a consulting role. On joining the Company in 2014 Mr. Woolfe finalised negotiations to secure the Topacio project and was instrumental in securing Newcrest as a joint venture partner at Topacio.

Mr. Woolfe leaves the company in a strong position following the recent successful capital raising of over $1.3 million and having successfully negotiated a 6 month extension to the Topacio option agreement with the project's vendor. In the interim, Mr. Doug Bright, an accomplished Geologist, has been appointed as acting Chief Executive Officer to take effect from 1 January 2018. Mr. Bright was a founding director and non-executive Chairman of Argentina Mining Limited.