Capricorn Metals Ltd. announced a board and management restructure designed to prepare the company for its imminent transition from developer to Australia's next significant mid-tier open pit gold producer. At the heart of the restructure is the elevation of respected Australian mining industry executive and former Doray Minerals co-founder and senior Independence Group executive Heath Hellewell to the role of Executive Chairman to spearhead the company's transformation to gold producer. At the same time, Managing Director Peter Thompson, Technical Director Peter Langworthy and Non-Executive Director Jonathan Shellabear will step down from the board to take up full-time executive roles with the company, respectively as Chief Operating Officer, Executive General Manager - Geology and Chief Financial Officer.

Collectively, this team has vast experience in exploration, project development and operations including former senior executive roles with successful mid-tier and global mining companies such as Jubilee Mines, Western Mining, St Barbara, Dominion Mining and PacMin Mining. The company is also announced the appointment of experienced mining executive Stuart Pether to its board as a Non-Executive Director. Mr. Pether, a mining engineer with 25 years' experience in project development, technical studies, mine operations and corporate management, was previously Chief Executive Officer for PNG gold developer Kula Gold and Chief Operating Officer at Catalpa Resources.

Mr. Guy LeClezio will remain on the board as a Non-Executive Director.