Ardiden Limited ('Ardiden' or 'the Company') (ASX: ADV) is pleased to announce the appointment of experienced mining executive, Mr Gregory Romain, to the role of Chief Executive Officer and Managing Director of the Company, effective 24 April 2023, or earlier by agreement.

Mr Romain will be based in Toronto, Ontario, which provides him efficient and timely access to oversee Ardiden's 100%-owned Pickle Lake Gold Project, located in northwest Ontario, Canada.

Mr Romain is a highly regarded senior executive with over 30 years' experience, most recently as CEO and President of MacDonald Mines Exploration Limited (TSX.V: BMK). Prior to this, Mr Romain was President & CEO of Gowest Gold Ltd (TSX.V: GWA) where he advanced its flagship Bradshaw gold project, located in Timmins Ontario, from a pure exploration play to a fully permitted 1,500 tonnes per day (TPD) underground development. Mr Romain brings a broad range of leadership, commercial and technical skills to Ardiden and has a deep understanding of both mining and exploration in Canada

Commenting on the appointment, Non-Executive Chair, Mr Bruce McFadzean, said: 'The Board is delighted to have secured a leading industry executive of Greg's calibre and experience. He impressed us with his business acumen and broad range of skills to progress the Pickle Lake Gold Project. Ardiden was persistent in its commitment to fill the position in North America. We are excited to be focusing on the Pickle Lake Gold Project and the opportunities held in the well-endowed Uchi geological sub-province. Greg's appointment as Ardiden's first Canadian based director will advance the Company in delivering its strategic ambitions.'

Commenting on his appointment, Mr Romain said: 'It is a privilege to be appointed to the role of Chief Executive Officer and Managing Director, as Ardiden seeks to progress its Pickle Lake Gold project. I look forward to leading the Ardiden team and building on the Company's positive relationships with its surrounding communities to ensure that tangible value is created for all stakeholders.'

Drilling Update

Drilling is continuing at Ardiden's 100%-owned Dorothy Prospect with > 75% of the planned 3,250m completed to date. The program is on schedule and a steady stream of assay results are expected over the coming months. The fully funded drilling program is focused on the broad, anomalous mineralised zones that were intercepted in secondary and tertiary parallel structures during the 2022 drill program, and targets the wide, low to medium grade mineralisation halo identified at both the Dorothy and Dobie prospects. Ardiden confirms that it is not aware of any new information or data that materially affects the information included in the original market announcement

MR GREGORY ROMAIN - BIOGRAPHY

Mr Romain was President & CEO of MacDonald Mines Exploration Ltd (TSX.V: BMK) searching for gold and polymetallic structures within the Sudbury Mining Camp. Prior to this, Mr Romain was the President & CEO of Gowest Gold Ltd (TSX-V: GWA) where, over a 13-year period, he advanced its flagship Bradshaw gold project in Timmins, Ontario from pure exploration to a fully permitted 1,500 TPD operation. Earlier Mr Romain was President & CEO of Norcast Castings Company Limited. During his tenure at Norcast, he held several positions including International Sales Manager and Vice President of Sales & Marketing prior to assuming the position of President in 2001 and then CEO in May 2005. Mr Romain was successful in taking Norcast public as an Income Trust in 2005 and oversaw the sale of the company to a private equity group in 2007. Mr Romain is a past director of MacDonald Mines, Gowest Gold Ltd, the Canadian Association of Mining Equipment for Service and Export and Norcast Income Fund. Mr Romain is also the past Chairman of the Toronto Branch of the Canadian Mineral Processor. He earned a Bachelor's Degree in Chemical Engineering Technology (1986) from Ryerson Polytechnical Institute and in 2001 completed the Executive Program at Smith School of Business at Queen's University, Canada

Contact:

Tel: +61 8 6184 5938

About Ardiden

Ardiden is focused on systematic gold exploration at its 100%-Owned Pickle Lake Gold Project in the well-endowed Uchi Geological Subprovince of north-west Ontario, Canada. The Company's District-Scale Gold Project is the largest continuous gold land holding in the Uchi Belt, where Barrick, Newmont, Kinross, and Evolution all hold significant gold mine and exploration assets. Ardiden's strategic landholding is situated on the same geological belt as Red Lake, the 'Uchi' Subprovince, which has produced over 30M oz of gold to date and where new Tier-1 gold discoveries are still being made, such as Great Bear Resources' Dixie Project, which is now under new ownership following the successful CAD$1.6 billion acquisition by Kinross. In addition to its Pickle Lake Gold Project, Ardiden has retained 13 million shares in Green Technology Metals (ASX:GT1) which it acquired as part proceeds from the sale of Ardiden's lithium assets.

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