Jubilee Metals Group Plc announced the appointment of Ms. Tracey Kerr as independent non-executive director of the Company with immediate effect. The appointment of Ms. Kerr is part of the Company's global expansion strategy. Tracey was most recently Group Head of Sustainable Development (Sept 2020 to April 2021) at Anglo American Plc, having previously also been accountable for safety, operational risk management and sustainable development across the Anglo-American group (Jan 2016 to August 2020).

Tracey is a geologist by background having overseen global exploration programmes at a number of large multinational corporates, including Anglo American Plc, where she held the position of Group Head of Exploration across Anglo's exploration activities in 15 countries. Prior to this Ms Kerr oversaw exploration activities in the Americas for Vale S.A. Tracey, based in the UK, is currently a non-executive director of Hochschild Mining PLC. At Hochschild, Tracey is Chair of the Sustainability Committee and a member of the Remuneration and Nomination Committees.

Tracey also participates in Hochschild's Exploration Working Group and is the designated director for employee engagement. Until recently, Tracey served as a non-executive Director of Polymetal International Plc, a previous constituent of the FTSE 100, where she also chaired the Safety and Sustainability Committee and was a member of the Audit and Risk Committee. With Tracey's experience in sustainable development and safety and given the importance Jubilee places on upholding the highest standards of sustainability, in particular ensuring a positive impact on the environment by reducing historical mine waste, a new Safety and Sustainability Committee (the 'Committee') will be formed, chaired by Ms Kerr with Leon Coetzer, Group CEO, and Dr. Evan Kirby, Technical Director, as members.

The Committee will have oversight of the management of safety and sustainability matters, including the relevant systems and processes, focussing on those which it considers to be most potentially material from time to time. These include strategies designed to manage the likes of safety, health, the environment, tailings facility management, social and community impact management and socio-economic development, socio-political issues and supply chain. The Committee's mandate is to monitor the Company's overall approach to sustainability.

Specifically, the Committee's role is intended to promote ethical, transparent and responsible behaviour by the Company with meaningful engagement with its stakeholders and communities. On issues and matters pertaining to "Governance" and "Social" as it relates to ESG (environmental, social and governance) strategy and disclosure, the Committee will take a coordinated approach with the Audit and Risk Committee. Tracey is a Fellow of the Australasian Institute of Mining and Metallurgy AUSIMM and is a member of the Society of Economic Geologists, the Society of Exploration Geophysicists and the Institute of Directors.

Further to the appointment of Ollie Oliveira as non-executive chairman, as announced in May 2022, Mr. Oliveira is also appointed as member of the Audit and Risk Committee, chaired by Nicholas Taylor, independent non-executive director with Chris Molefe, non-executive director, also as member. The Remuneration committee will, going forward be chaired by Dr. Mathews Phosa, non-executive director, with Chris Molefe, non-executive director, and Nicholas Taylor, independent non-executive director, as members.