REACH RESOURCES LIMITED — Board/Management Information 2021

May 20, 2021

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ASX Announcement/Media Release

20 May 2021

Board restructure

Cervantes Corporation Ltd (ASX: CVS) ( Cervantes or the Company) is pleased to advise the appointment of Mr Robert Downey as Non-Executive Chairman and Mr Matthew O’Kane as NonExecutive Director.

Robert Downey

Mr Downey is admitted as a barrister and solicitor in Western Australia and has practiced as a corporate and commercial lawyer for over 20 years. He advises a wide range of public and private companies as well as high net worth individuals in relation to commercial and corporate transactions. Mr Downey has been a Director of many public listed and private companies and has significant experience as a Director. He has particular experience in relation to day-to-day listing rule compliance, disclosure and governance issues.

Matthew O’Kane

Mr O’Kane is an experienced mineral industry executive and company Director with 25 years’ experience in the mining, commodities and automotive sectors. He has held senior leadership roles in Australia, the USA and Asia, in both developed and emerging markets. He has served on the board and as an executive of mining companies in Canada, Hong Kong and Australia, and is currently the Managing Director of Comet Resources Limited, Non-Executive Director of Pursuit Minerals Ltd and Non-Executive Director of Azarga Uranium Corporation. During his career he has worked with company’s involved in production, exploration and development.

Mr Patrick O’Neill has stepped down as Company Secretary with the appointment of Mr Chris Achurch. Mr Achurch provides company secretarial, corporate advisory and general consulting services to a number of ASX listed clients.

The Company also advises that Mr Collin Vost and Mr Justin Vost have resigned as Directors effective today.

Non-Executive Chairman Robert Downey commented ‘On behalf of the Board and our shareholders I would like to thank Collin and Justin for their time and commitment to Cervantes over more than 10 years, leaving the Company well positioned to progress the Company’s projects. We wish them every success in their future endeavours. The Company looks forward to working with Justin over the next 12 months, assisting the Company with a smooth and efficient transition.‘

Authorised by the Board of Directors.

-ENDS-

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