Paringa Resources Limited announced that Mr. David Griffiths has advised that he will step down as Chairman of Paringa effective immediately. He will be replaced by Mr. Ian Middlemas as Chairman of the company. Mr. Griffiths will remain as a Non-Executive Director of the company.

Mr. David Chapman has also resigned as Managing Director and will remain as an Executive Director of the company with US based Mr. David Gay appointed as Chief Executive Officer of the company. Mr. Middlemas has been a Non-Executive Director of Paringa since 16 October 2013 and his appointment as Chairman is effective immediately. He has had extensive corporate and management experience, and is currently Chairman of a number of ASX listed companies in the resources sector including Papillon Resources Ltd, Prairie Downs Metals Ltd, Equatorial Resources Ltd. and Berkeley Resources Ltd. Most recently, Mr. Gay was Vice President, Mergers and Acquisitions and Business Development at Alpha Natural Resources Inc.