Classic Minerals Limited announced that it has appointed Mr. Dean Goodwin BAppSc (Geology) as acting Chief Executive Officer of the Company effective immediately. Dean's previous experience includes 2 years as Managing Director at Mt Ridley Mines Limited (2014 -2016). The company also announced the appointment of senior executive Mr. John Lester as Non-Executive Director.

He joined the board of Golden West Resources Ltd. and became Managing Director where he was responsible for the company raising more than $60 million from Asian investors. He was Chairman of Yilgarn Infrastructure Ltd. which was a major tenderer for building the Port of Oakajee having a fully funded bid with partners including China Rail, China Ports, Sinosteel Ansteel Bank of China and China Exim Bank. He was a founding Director and Chairman of International Coal Limited.

The company also advised Mr. Justin Doutch will be stepping down as Managing Director after 7 years as the founding Managing Director of Classic Minerals Limited. Mr. Doutch will remain as a Non- Executive Director on a transitionary basis which will finish on or before the 16th November 2017 to ensure a smooth transition of the new CEO into the organization.