ARDEA RESOURCES LIMITED — Board/Management Information 2020

Jul 30, 2020

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Board Changes

ASX & Media Release

Ardea Resources Limited advises of the appointment of a new Independent NonExecutive Chair, Mr Mathew Longworth, following the resignation of Ms Katina Law from the Board

31 July 2020

ASX Symbol

ARL

The Board is pleased to announce the appointment of Mr Mathew Longworth as its new Independent Non-Executive Chair following the resignation of Ms Katina Law from the Board. Ms Law has stepped down due to an increasing corporate work load and her community commitments.

Ardea Resources Limited

Suite 2 / 45 Ord St West Perth WA 6005

PO Box 1433 West Perth WA 6872

Mr Longworth is a geologist with 33 years’ experience across exploration, project evaluation/development, operations and corporate management. He previously held roles as Exploration Manager, COO and CEO/Managing Director with Australian listed companies, and mining analyst with a boutique investment fund. In his senior corporate roles, Mathew led multidisciplinary project evaluation and development teams. Mr Longworth is a member of the Australasian Institute of Mining and Metallurgy.

Telephone

+61 8 6244 5136

Email

ardea@ardearesources.com.au

Mr Longworth has excellent experience of the key Ardea exploration and development projects, being the Bardoc Tectonic Zone (BTZ) gold and Kalgoorlie Nickel Project (KNP) nickel-cobalt.

Website

www.ardearesources.com.au

In 1996 Mr Longworth assumed management responsibility for all of Goldfields and then Aurion Gold exploration in the Eastern Goldfields including the Kundana and Paddington mine areas and the BTZ. This included the discovery and initial resource estimation of the Aphrodite gold deposit in 1997 to 1999 and Raleigh and Paradigm gold deposits in 2000.

Directors

Mathew Longworth Non-Executive Chair

Andrew Penkethman Managing Director & CEO

After the takeover of Aurion Gold by Placer Dome Mr Longworth joined Heron Resources in 2003 as Exploration Manager rising to Managing Director in 2007 to 2011. Mr Longworth applied his intimate knowledge of the BTZ and broader Eastern Goldfields geology to the KNP to collaborate with Vale Inco in their 2005 to 2009 KNP feasibility study.

Ian Buchhorn Technical Executive Director

Executive Management

The Board sincerely thanks Ms Law for her significant contribution to the Company through the initial listing process and her stewardship of the Company through its formative development years.

Sam Middlemas Company Secretary & CFO

Matt Painter General Manager Exploration

Ardea’s Managing Director Andrew Penkethman commented:

“ We are pleased to welcome Mathew to the Board of Ardea Resources. His technical knowledge of the BTZ Gold and KNP will be invaluable, along with his corporate experience in managing joint ventures and strategic partner associations.

Issued Capital

Fully Paid Ordinary Shares 117,300,435

Directors/Employee Performance Rights 4,276,000

We thank Katina for her contribution to Ardea and wish her the very best in her future endeavours. She has played a key role in developing the multiple Ardea assets, including a time as Executive Chair where she contributed significantly to the strategic partner search.”

ABN 30 614 289 342

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About Ardea Resources

Ardea Resources (ASX:ARL) is an ASX-listed resources company, with a large portfolio of 100% controlled West Australian-based projects, focussed on:

• Development of the Goongarrie Nickel Cobalt Project, which is part of the Kalgoorlie Nickel Project, a globally significant series of nickel-cobalt deposits which host the largest nickel-cobalt resource in the developed world, coincidentally located as a cover sequence overlying fertile orogenic gold targets; and

• Advanced-stage exploration within its large strategic WA tenement package with nickel sulphide and gold tenure located on crustal-scale structures in lake settings in the Eastern Goldfields world-class nickel-gold province.

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----- Start of picture text ----- Multiple targets defined and beingsystematically exploredArdea controls over 5,100km [2]of tenure in Western AustraliaTarget review currentAustralia’s premier nickel-cobaltproject----- End of picture text -----

For further information regarding Ardea, please visit www.ardearesources.com.au or contact:

Andrew Penkethman

Managing Director and Chief Executive Officer, Ardea Resources Limited

Tel +61 8 6244 5136 Email: ardea@ardearesources.com.au

Follow Ardea on social media

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