Sipa Resources Limited Appointed Rick Yeates to the Sipa Board as a Non-Executive Director, effective 1 August 2022. Rick has 41 years' continuous experience as an exploration geologist, mine geologist, mining consultant and company director, variously involved in ASX-listed, unlisted public and private company management, executive mentoring, lecturing, exploration management, feasibility studies, technical audits, independent geologist's reports and technical valuations. Rick has worked in all Australian States and 39 countries on five continents.

Rick has also served on the boards of several ASX-listed companies in both executive and non- executive capacities, including Western Areas Limited, Middle Island Resources Limited, Mungana Gold Mines Limited and Atherton Resources Limited, as well as two leading mining industry bodies, AAMEG and Austmine, and the Swick Mining Services Limited R&D Advisory Board. Rick was most recently Non-Executive Director at Western Areas Limited, until the time of its recent takeover by IGO Limited. He was also the Managing Director at Middle Island Resources Limited, and instrumental in the identification and securing of Middle Island's exciting Barkly copper-gold project in the Northern Territory.

Prior to this, Rick established and ran the highly regarded geological consultancy group RSG Global for over 20 years, prior to its takeover by Coffey International Limited in 2006. The Company has agreed to issue 800,000 options to Rick, based on a 5-day WVAP at the time of issue. The options will be subject to shareholder approval at a future meeting.