Voltaic Strategic Resources Limited (ASX: VSR) (Voltaic or the Company) is pleased to announce that it has finalised a new remuneration package for CEO, Michael Walshe, which includes a medium and long term incentive equity package which is aligned with shareholder interests.

Commenting on the revised employment package for the CEO, the Company's Chairman John Hannaford, said: 'Michael Walshe's performance in the role of CEO prior to and since the re-listing of the Company's shares last October has been exceptional. Michael's background as a successful Chemical Engineer with extensive experience in a range of large mineral processing projects has but him in a unique position of having an intimate understanding of what is required for the commercialisation of specialised commodities such as Lithium and Rare Earth Elements.

The Board is delighted to have been able to put in place a remuneration package that incentivises him with a revised cash compensation arrangement and an equity package that will reward him when milestone performance hurdles (both market driven and operational outcomes) are met. The equity remuneration milestones have been set to ensure that if they are achieved, there will be a corresponding uplift in Company value which will benefit shareholders. Consideration has been given to peer company remuneration and the potential for operational success in the medium and long term given the understanding of the Company's portfolio of assets.

The equity package has also been offered to the Company's Exploration Manager, Claudio Sheriff, who is integral to the success of the management team to date and whose skills and experience the Board appreciates and wants to retain'. The Board has also approved an equity incentive package for the Company's Exploration Manager, Claudio Sheriff, which has performance hurdles that align with those set under the CEO's equity package. In accordance with Listing Rule 3.16.4, details of the remuneration package with the CEO are provided in Annexure 1. Details of the equity package approved by the for the Exploration Manager are provided in Annexure 2.

Contact:

Tel: +61 8 6245 9821

Email: michael.walshe@voltaicresources.com

About Voltaic Strategic Resources

Voltaic Strategic Resources Limited explore for the next generation of mines that will produce the metals required for a cleaner, more sustainable future where transport is fully electrified, and renewable energy represents a greater share of the global energy mix. The company has a strategically located critical metals portfolio led by lithium, rare earths, base metals, and gold across two of the world's most established mining jurisdictions: Western Australia & Nevada, USA. Voltaic is led by an accomplished corporate and technical team with extensive experience in REEs, lithium and other critical minerals, and a strong skillset in both geology and processing / metallurgy

Cautionary Statement Regarding Values & Forward-Looking Information

The figures, valuations, forecasts, estimates, opinions and projections contained herein involve elements of subjective judgment and analysis and assumption. Voltaic does not accept any liability in relation to any such matters, or to inform the Recipient of any matter arising or coming to the company's notice after the date of this document which may affect any matter referred to herein. Any opinions expressed in this material are subject to change without notice, including as a result of using different assumptions and criteria. This document may contain forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as 'seek', 'anticipate', 'believe', 'plan', 'expect', and 'intend' and statements than an event or result 'may', 'will', 'should', 'could', or 'might' occur or be achieved and other similar expressions. Forward-looking information is subject to business, legal and economic risks and uncertainties and other factors that could cause actual results to differ materially from those contained in forwardlooking statements. Such factors include, among other things, risks relating to property interests, the global economic climate, commodity prices, sovereign and legal risks, and environmental risks. Forward-looking statements are based upon estimates and opinions at the date the statements are made. Voltaic undertakes no obligation to update these forward-looking statements for events or circumstances that occur subsequent to such dates or to update or keep current any of the information contained herein. The Recipient should not place undue reliance upon forward-looking statements. Any estimates or projections as to events that may occur in the future (including projections of revenue, expense, net income and performance) are based upon the best judgment of Voltaic from information available as of the date of this document. There is no guarantee that any of these estimates or projections will be achieved. Actual results will vary from the projections and such variations may be material. Nothing contained herein is, or shall be relied upon as, a promise or representation as to the past or future. Voltaic, its affiliates, directors, employees and/or agents expressly disclaim any and all liability relating or resulting from the use of all or any part of this document or any of the information contained herein.

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