HAWSONS IRON LTD — Board/Management Information 2020

May 11, 2020

ASX ANNOUNCEMENT

CARPENTARIA RESOURCES

==> picture [221 x 213] intentionally omitted <==

Non-executive Chairman

Carpentaria Resources Limited (ASX:CAP) announces that Mr Peter Graham has been appointed by the Board as Non-executive Chairman.

Mr Graham will be active in advancing the Hawsons Project over the next twelve months, including negotiating with joint venture partner Pure Metals Pty Ltd to consolidate as much of the joint venture within Carpentaria as possible, thereby improving the commercial offering to investors and a setting a stable platform for development.

Mr Graham brings to the Board significant knowledge of and experience in the finance industry, including in banking and treasury and corporate advisory. Following university, he worked for Ernst & Young before moving into banking, more specifically, Treasury. Initially with Westpac and then UBS, he provided trading, financing and hedging services to Australian resource companies.

In 1995, Mr Graham moved into equities, commencing as a research analyst covering resource companies. Exposure was also gained to the wagering and gaming and technology sectors. He has since worked in corporate advisory and floated or raised capital for several companies from the late 1990s till now, covering various sectors of the market.

Mr Graham is also Non-executive Chairman of TZ Limited (ASX:TZL).

Released by authority of:

Quentin Hill

Managing Director

+61 7 3220 2022 info@capres.net.au

1