Nemex Resources Ltd. announced the appointment of new management team to assist Wavefront in developing and in particular commercialising its biometric technology whilst also exploring wider market opportunities at a group level. It is proposed that Nemex's new management team will be lead by Mr. Darren Patterson, who is currently working with Nemex in a consulting role. Mr. Patterson has more than 20 years experience working with both start-up and blue-chip technology companies spanning Australia, Europe, US and Asia.

As a leading senior executive his experience includes telecoms, IT, digital media and venture capital. Mr. Patterson's international experience has seen him hold senior business development roles with Yahoo, ECI Telecom, Energis Communications/Cable and Wireless PLC and Cisco Systems. He is an investor in technology ventures Firstwave Cloud Technology, Lumific and Datasift where he secured investment from US venture funds. Most recently he was the CEO and Co-Founder of Australia's only regulated property investment platform, BrickX.

Mr. Patterson holds an MBA from the University of Chicago, Booth School of Business and a Bachelor of Computer Science from the University of Technology, Sydney. It is proposed Mr. Patterson will be appointed as Chief Executive Officer and a Director of Nemex at completion of the Capital Raising. Further appointments of directors with the appropriate skills and qualifications necessary to govern an ASX-listed biometric technology company are also planned in conjunction with completion of the Capital Raising and Investment.

In addition, Mr. Hui Zhang has been appointed to the Nemex Board as a non-executive director. Mr. Zhang is a nominee of the Company's major shareholder. Mr. Zhang has more than 25 years experience in corporate management and business and customer development in Asia.

Dr. Peter Turner has resigned as a director of the Company effective immediately. The Board thanks Dr. Turner for his significant contribution since the Company listed on the ASX in 2011.