Industrial Minerals Ltd. announced the promotion of Mr. Jeff Sweet to Chief Executive Officer and Managing Director. Mr. Jeff Sweet steps up from his role as Operations Director. With over 25 years' experience in mining and associated industries, Mr. Sweet is well positioned to continue to develop and grow the Company in line with its current strategy.

Following the above appointment, Mr. Ashley Pattison, will step back from his current role as Executive Chair. He will continue as Non-Executive Chair of Industrial Minerals, effective. The Company announced the appointment of Ms Melanie Leighton as Non-Executive Director, effective today.

Ms Leighton is a highly experienced Mining Professional, having worked in technical, management and corporate roles over the past 23 years. Ms Leighton is currently a Non- Executive Director of Greater Boulder Resources Ltd. and provides geological and corporate services to several ASX listed companies, including Industrial Minerals. Ms Leighton has been engaged by the Company as a technical consultant over the last few months.