The Board of Terramin Australia Limited announced that it has resolved to restructure the Chairman's role and responsibilities. The Board has resolved to appoint Mr. Feng (Bruce) Sheng as non-executive Chairman and Mr. Michael Kennedy as non-executive Deputy Chairman. This appointment recognises Mr. Sheng's role in shareholder liaison and investor relations which are key to the development of the Company.

Mr. Kennedy will assist Mr. Sheng as Deputy Chairman and independent director on the Board of Terramin. Mr. Sheng is a principal of Asipac Group Pty Ltd.