Directorate Change

Castillo Copper Limited (LSE and ASX: CCZ), a base metal explorer primarily focused on copper across Australia and Zambia, has accepted the resignation of Managing Director Dr Dennis Jensen which comes into immediate effect. Dr Jensen is leaving the group of his own accord to take up a new business opportunity.

To ensure continuity of leadership, the Board has appointed Mr Jack Sedgwick as the interim Executive Director to assume responsibility for day-to-day operations and strategic intent.

In the coming weeks, the Board will be reviewing the asset portfolio and prioritising strategic forward plans against a very challenging macro environment.

Further updates will be released in due course.

Ged Hall, Chairman of Castillo Copper, said: "Dr Jensen has led the group during a difficult period, with exogenous challenges impacting the industry and core business. The Board appreciates Dr Jensen's dedication and contribution to the business and wishes him well with the new business opportunity. Moving forward, the Board is highly optimistic about prospects and looks forward to working closely with Mr Sedgwick to progress the group's strategic agenda."

Employment terms (revised): Mr Jack Sedgwick

• As interim Executive Director, Mr Sedgwick will receive a higher duties allowance of $60,000 per annum (inclusive of superannuation), which is pro-rata for the term of his appointment
• Otherwise, all of Mr Sedgwick's employment terms remain unchanged

The group is listed on the LSE and ASX under the ticker "CCZ."