Heron Resources Limited announced that it has appointed Mr. Peter Rozenauers and Mr. Ricardo De Armas to the Board as Non-executive Directors. As noted in the release of 30 June 2017, the nomination of Mr. Rozenauers and Mr. De Armas to the Board was contemplated under the Equity subscription agreement with Orion Mine Finance ("Orion") and Castlelake LP ("Castlelake") as part of the overall Woodlawn project financing. Mr. Peter Rozenauers is a Portfolio Manager with Orion Mine Finance and has over 25 years of experience in the natural resources and finance industry. Ricardo De Armas is an investment professional at Castlelake, where he focuses on emerging market investments. Mr. De Armas has more than 10 years of experience in investment and corporate finance, including roles as vice president at De Jong Capital, principal at Zaff Capital, associate at Citigroup's investment banking division, and financial analyst at Procter & Gamble.