CANNINDAH RESOURCES LIMITED — Board/Management Information 2019

Sep 2, 2019

ASX RELEASE

3 September 2019

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ASX Code: CAE

Appointment and Retirement of Directors

The Board of Cannindah Resources Limited is pleased to welcome Dr Simon Beams as a non-executive technical director. Simon’s board appointment follows the retirement of Mr Laurie Johnson as the company’s technical director. Laurie has been a valued member of the Cannindah Resources Limited board and has provided significant technical insight from his years of experience. After many decades of being in the boardroom and in the field, Laurie has finally hung up his boots to enjoy retirement with his family. We thank him for his exceptional service and wish him the very best. The board is pleased to have replaced Laurie with someone of the calibre of Dr Simon Beams as his appointment will ensure that the very best technical knowledge is retained at board level for future project advancement.

Simon has been a Geologist since 1975. For the past 32 years he has been Managing Director and Principal Geologist of Terra Search Pty Ltd where he has been directly involved in many mineral exploration and evaluation programs across Northern Australia, leading to mineral discoveries and some mines, primarily base metals and gold but including uranium, phosphate, magnetite & oil shale amongst others. In 2016, Simon was awarded the John Campbell Miles Medal by the Queensland Divisions of the Geological Society of Australia and the Australian Institute of Geosciences for contributions to economic geology, exploration technology and mineral discovery in Queensland.

Simon is also an active member in a number of geological societies.

• Geological Society Australia, (GSA)

• Australasian Institute Mining & Metallurgy (AusIMM)

• Australian Institute of Geosciences (AIG)

• Society Economic Geologists (SEG)

• Association of Applied Geochemists

Simon has been a member of the Advisory Board to the Economic Geology Research Centre (EGRU) at James Cook University, Townsville for over two decades. He is also a Member of the Queensland Exploration Committee for AMEC ( Association of Mining and Exploration Companies) one of the Peak Industry Exploration Groups.

Simon has produced several key publications in the areas of mineral deposit geology and geochemistry, exploration data management, regolith relations, petrology and granite genesis and regional geology of North Queensland.

The company looks forward to continuing its exploration of current and future gold projects to take advantage of the positive gold pricing.

For further information, please contact:

Tom Pickett Executive Chairman Ph: +61 7 5557 8791