Superior Resources Limited announced that Mr. Carlos Fernicola has succeeded Mr. David Horton as Chairman of the company. Mr. Fernicola has been appointed to the Board of Superior as a Non-Executive Director and will assume the role effective as of 25 August 2014. Mr. Fernicola will also continue his office of Company Secretary to which he was appointed on 11 November 2010.

The appointment is in response to Mr. Fernicola's increasing involvement in communications with shareholders of the Company and the Company's capital raising activities. Mr. Horton, who is a founding Director of the Company, will continue as a Non-Executive Director effective as of 25 August 2014.