Centaurus Metals announced the following Board, management and corporate changes as part of its ongoing efforts to reduce costs, streamline its management structure and reposition for future growth. The Company has promoted one of its key Brazilian-based executives, experienced Brazilian mining executive Mr. Bruno Scarpelli, to the position of Brazil Country Manager and to the Board as an Executive Director of the Company. Mr. Scarpelli has been a key member of the Centaurus team for the last four years, initially managing all of the Company's environmental approvals and, more recently, in the role of General Manager ­ Commercial and Administration.

Prior to joining Centaurus, Mr. Scarpelli held senior positions within Vale and international consultancy firms. Concurrent with Mr. Scarpelli's appointment to the Board, long-serving non-executive Director, Mr. Peter Freund, has retired as a non-executive Director. Mr. Freund was instrumental in building up the value of the Company's iron ore asset base in Brazil while he was an Executive Director of the Company and more recently has been a valuable contributor as a non-executive Director on the Board.