GREENWING RESOURCES LTD — Board/Management Information 2021

Nov 15, 2021

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ASX Announcement

APPOINTMENT OF CEO

16 November 2021

Greenwing Resources Ltd (Greenwing or the Company) (ASX:GW1) is pleased to advise that it has appointed Mr Craig Lennon at Chief Executive Officer, effective immediately.

Mr Lennon is a highly experienced Brisbane based mining executive having worked with operating production assets in developing countries, and with experience in exploration, development, corporate finance, joint ventures and mergers and acquisitions.

Mr Lennon spent 18 years in various roles with Highlands Pacific Ltd including CFO and CEO. Highlands owned an interest in the world class Ramu Nickel Cobalt mine along with the Freida River Copper Gold Porphyry deposit in Papua New Guinea. In 2018 Highlands Pacific was acquired by TSX listed Cobalt 27 Capital Corp., a leading battery metals investment company that subsequently merged into a newly formed TSX listed entity Nickel 28 Capital Corp.

Mr Lennon continues to act as an advisor to Nickel 28. He also advises Pure Battery Technologies, a Brisbane based nickel and cobalt refiner, and is a non-executive director of AMD Resources Limited a precious metals-focused resource developer.

Mr McManus will continue with the Company in a technical advisory role continuing to support the Company’s affairs in Madagascar including community relations, exploration and the operation, development and expansion of the Graphmada Mining Complex.

The Company would like to thank Mr McManus for the critical role he has played in the Company’s progress over the last 6 years, and the Board looks forward to continuing to work with Tim.

CRAIG LENNON (CEO)

“I am excited to join Greenwing and work with Rick and the team at a time when the demand outlook for critical minerals appears very strong driven by decarbonisation and the battery revolution. The Company has a number of strategically located assets that exhibit all of the characteristics to transform this business to a fully integrated battery metals producer.”

Greenwing Resources Ltd ABN 31 109 933 995 Phone: +61 (0) 7 3063 3233 | 110 Mary Street Brisbane Qld 4000 www.greenwingresources.com

RICK ANTHON (CHAIRMAN)

“We are very pleased to welcome Craig to the team. Over the last 6 months Greenwing has articulated a new strategy, blended its existing and newly acquired assets and sharpened its board and management to position itself to capture significant shareholder value from the decarbonisation of the world’s economy. Craig’s extensive set of managerial and financial skills and his deep experience in project development significantly augments our management team at this exciting juncture in the Company’s history.”

For more information, please contact:

Rick Anthon Peter Wright Chairman Executive Director

This announcement has been approved by the Company’s Chairman for release.

Greenwing Resources Ltd ABN 31 109 933 995 Phone: +61 (0) 7 3063 3233 | 110 Mary Street Brisbane Qld 4000 www.greenwingresources.com

Mr Craig Lennon - Key Terms and Conditions of Employment

Commencement Date 16 November 2021 Term Appointment on an on-going basis Fixed Remuneration $300,000 per annum (paid on a pro-rata basis of initially the equivalent of 2 days per week). Equity Incentives 400,000 options over ordinary shares exercisable at $0.60 each on or before 30 June 2025.

Termination and Notice the Company or the CEO may terminate the agreement on 1 months’ notice

Greenwing Resources Ltd ABN 31 109 933 995 Phone: +61 (0) 7 3063 3233 | 110 Mary Street Brisbane Qld 4000 www.greenwingresources.com