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TESORO GOLD LTD Board/Management Information 2017

Dec 18, 2017

65957_rns_2017-12-18_83293737-2f00-4d14-9020-1b4189a7c288.pdf

Board/Management Information

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19 December 2017

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Notice of Resignation of Managing Director

The Board of Directors of Plukka Limited ( Plukka or the Company ) (ASX: PKA) wish to advise that the Company’s Managing Director, Natalia Obolensky, has given notice of her resignation as Chief Executive Officer of Plukka. Ms Obolensky has accepted a role with a business in the cosmetics industry which better suits her personal circumstances. To allow an orderly transition and to accommodate the Company’s current circumstances, Ms Obolensky’s resignation as CEO will take effect from 15th March 2018.

Whilst the Board currently intends to commence a search for a replacement CEO, the Board is assessing the Company’s options, particularly in light of the Board’s ongoing evaluation of the Company’s strategy going forward and its broader commercial requirements.

Ms Obolensky has agreed to remain as a Director of the Company until such time as a suitable replacement Director is appointed or her services as Director are no longer required.

“ With her strong background in corporate strategy, Natalia has been vital in navigating Plukka’s business through a difficult restructure, vastly improving the business’ cost base and efficiencies and refining its strategy to a more scalable, disruptive business model. We thank Natalia for her tireless commitment and dedication to the Plukka business over her tenure, and wish her all the best in her future endeavours .”

Treliss Update

By way of update, further to the announcement dated 12 December 2017, Plukka and Treliss Worldwide Inc. are in the process of finalising the reconciliation and acceptance of the consigned products returned to Treliss in accordance with the terms of the settlement. The Company expects to convene shareholder meetings in accordance with section 256C of the Corporations Act in the coming days.

For more information, please contact:

Natalia Obolensky	Charly Duffy
[email protected]	[email protected]
Managing Director	Director / Company Secretary