Following the recent announcement by PolarX Limited of the discovery of high-grade gold mineralisation in Nevada, the following management changes have been implemented. These changes will result in a reduction in overall management costs, and are effective immediately: Dr. Jason Berton has transitioned to Managing Director and will take the leading role in advancing the geological and technical aspects of PolarX's Nevada and Alaskan assets. Dr. Berton was a founding director of Vista Minerals Pty Ltd. which merged with Coventry Resources Limited to form PolarX, brought the Humboldt Range, Nevada opportunity to PolarX last year and has been an executive director since 2017.

Mr. Mark Bojanjac, current Executive Chairman will now also manage the company's marketing and capital raising activities in Australia and overseas. Dr. Frazer Tabeart has moved to a Non-Executive Director role and will continue to provide specialist technical input as required, particularly with respect to PolarX's porphyry discovery in Alaska and the scoping study evaluating the nearby high-grade Caribou Dome and Zackly deposits.