ECLIPSE METALS LIMITED. — Board/Management Information 2020

Mar 15, 2020

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16 March 2020

ECLI0C0R\ASX\ASX259

The Company Announcements Platform ASX Limited SYDNEY NSW 2000

Resumption of Executive Chairman

Following the ASX Announcement on the 22 January 2020 advising of the consent for grant of EL 27584, Devil’s Elbow, the Directors of Eclipse Metals Limited ( Eclipse or the Company ) (ASX: EPM) have considered how to prepare the Company for this next phase of growth whilst addressing current market challenges. The Directors collectively resolved that such times call for strong corporate negotiation and leadership skills and have agreed that Mr Carl Popal will resume the role of Executive Chairman effective 16 March 2020.

Mr Popal was the Company’s long standing Executive Chairman but personal reasons required him to step down in 29 May 2018 whilst he dealt with these issues, which have now been addressed.

Mr Popal will replace Mr Rod Dale, who commenced as Non-Executive Chairman in May 2018. Mr Dale will remain on the Eclipse Board together with Mr Ibrar Idrees as a NonExecutive Director.

Eclipse Metals Ltd is an Australian exploration Company focused on exploring the Northern Territory and Queensland for multi commodity mineralisation. The Company has an impressive portfolio of assets prospective for gold, manganese, base metals and uranium mineralisation. The Company’s mission is to increase Shareholder wealth through capital growth and ultimately, dividends. Eclipse plans to achieve this goal by exploring for and developing viable mineral deposits to generate mining or joint venture income.

BOARD

Carl Popal Executive Chairman Rodney Dale Non-Executive Director

Ibrar Idress Non-Executive Director

COMPANY SECRETARY

Eryn Kestel

OFFICE ADDRESS

Rod’s contribution as Chairman has been greatly appreciated; his stewardship during the last 22 months has been vitally important to the Company.

Listing Rule 3.16.4 Information

Executive Chairman Employment Terms

Pursuant to ASX Listing Rule 3.16.4 the Company confirms the material terms of Mr Popal’s Executive Services Agreement with the Company.

Base Salary – Total Fixed Remuneration

The Company will pay Mr Popal a base salary of $81,900 per annum exclusive of statutory superannuation for 45.5 hours of engagement per month.

Level 3, 1060 Hay Street West Perth WA 6005 Phone: + 61 8 9480 0420 Fax: + 61 8 9321 0320

AUSTRALIAN BUSINESS NUMBER

85 142 366 541

SHARE REGISTRY

Automic Group Level 2, 267 St Georges Terrace Perth WA 6000

ASX CODE EPM

Other Key Terms

Mr Popal’s contract has no fixed period. The Agreement may be terminated by either party with six months written notice. The Company may terminate the Agreement with one month notice in the instance where a persistent breach occurs or without notice in certain limited circumstances.

WEBSITE www.eclipsemetals.com.au

Authorised by:

Eryn Kestel Company Secretary eryn@kestelcorp8.com.au +61 (0) 435 905 770

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