CARNAVALE RESOURCES LIMITED — Board/Management Information 2015

Mar 30, 2015

CARNAVALE RESOURCES LIMITED 31 MARCH 2015

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Director Appointment

CARNAVALE RESOURCES

(A.C.N 119 450 243) ASX Code: CAV

Shares: 223.7M Options: 166.5M Perf Shares 42.0M Cash: $1.15M Dec 2014 M.Cap $4.2M (@ $0.019)

Directors

Ron Gajewski (Chairman) Andrew Beckwith (MD) Klaus Eckhof (NED)

Rhett Brans (NED)

Carnavale Resources Limited (“Carnavale” or “Company”) is pleased to announce the appointment of Mr. Andrew Chapman to the Board of Carnavale, effective immediately. The appointment was a condition of the acquisition of Tojo Minerals Pty Ltd and supports the new growth strategy of the Company.

Mr Chapman is a chartered accountant with over 20 years' experience with publicly listed companies in the mineral resources, oil and gas and technology sectors. His experience spans the areas of corporate management, compliance, acquisitions, divestments and capital raisings through various roles including Director, Company Secretary and Chief Financial Officer.

Mr Chapman is an associate member of the Institute of Chartered Accountants (ICAA) and a Fellow of the Financial Services Institute of Australasia (Finsia). He is currently a director of Matsa Resources Limited and company secretary for Bulletin Resources Limited and previously Westgold Resources Ltd. He is a founding shareholder and director of Tojo Minerals Pty Ltd.

Andrew Chapman (NED)

Carnavale Resources Limited is an exploration and development company based in Perth, Western Australia.

Carnavale has two highly prospective gold-silver-copper projects in Arizona and Nevada, USA.

Office

Level 1, Suite 5 The Business Centre 55 Salvado Rd. Subiaco, WA 6008

Yours faithfully

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Paul Jurman

Company Secretary

For further information contact:

Andrew Beckwith Peter Taylor Managing Director Investor Relations Carnavale Resources Ltd NWR Communications P: 08 9380 9098 P: +61 (0)412 036 231

Post

PO Box 131 Subiaco, WA 6008

Contact Details

Ph +61 8 9380 9098 Fax +61 8 9380 6761 admin@carnavaleresources.com

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