Vimy Resources Limited (ASX: VMY, OTCQB: VMRSF) (Vimy or Company) is pleased to announce the appointment of Dr Tony Chamberlain to the position of Chief Operating Officer (COO).

Dr Chamberlain first joined Vimy as an executive in 2014, where he successfully took the Mulga Rock Project (MRP) from concept to a Definitive Feasibility Study (DFS) in under 4 years.

During this time, he led the overall management of environmental approvals for the MRP, which saw the project obtain Ministerial Approval in December 2016. Tony was also instrumental in negotiating and acquiring the world class Alligator River Project (ARP) from Cameco in March 2018. Dr Chamberlain joined the Vimy Board as a Non-Executive Director in February 2019.

Since 2019, Dr Chamberlain has been the Project Director and COO at BCI Minerals Limited where he led the Definitive Feasibility and Optimised Bankable Feasibility studies for the Mardie Salt and Potash Project. Tony led the project through banking due diligence, which secured the debt funding package for the $1.2B Mardie Project and commencement of construction. During his twenty-five years in the mining industry, Tony has held several senior operational and management roles, including twelve years at WMC Resources and later BHP Billiton, overseeing an expansion to the Kwinana Nickel Refinery and as Development Manager for the Stainless Steel Material Group.

Tony holds a PhD in Metallurgy and has over a decade of uranium experience and brings a wealth of project experience in guiding the Mulga Rock Project into operation. Dr Chamberlain will commence his executive role at the start of February 2022. He will step down from the Board once a suitable replacement is found. Vimy is aiming to complete a Bankable Feasibility Study in 2022 along with project financing activities and continuation of ongoing early works at the MRP. Planning has also commenced on a resource extension drilling program at the Angulari deposit located in the Alligator River Project.

Vimy's Executive Director and CEO, Steven Michael, said: 'I am excited to welcome Tony back to the executive team at Vimy as Chief Operating Officer. Tony's knowledge of the Mulga Rock Project is second to none and he brings a wealth of experience in delivering major projects from DFS through to financing and construction. We will continue to build our project development team around Tony as we progress the Bankable Feasibility Study during 2022.'

Contact:

Steven Michael

Tel: +61 8 9389 2700

About Vimy Resources

Vimy Resources Limited (ASX: VMY, OTCQB: VMRSF) is a Perth-based resource development company. Vimy's flagship project is the Mulga Rock Project (100%), one of Australia's largest undeveloped uranium resources, which is located 290km by road ENE of Kalgoorlie in the Great Victoria Desert of Western Australia. Vimy also owns and operates the largest granted uranium exploration package in the world-class Alligator River uranium district, located in the Northern Territory. Vimy is exploring for large high-grade uranium unconformity deposits identical to those found in the Athabasca Basin in Canada. Vimy acknowledges the Traditional Custodians of the country on which we work and travel, throughout Australia, and respects their associated connections.

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