Mr. Louis Rozman has resigned as a non-executive director of Kula Gold Limited to focus on his other business responsibilities. Mr. Rozman has been a director of Kula Gold as a public company since its IPO in October 2010. He will continue as an executive director of Pacific Road Capital Management Pty Ltd. which manages or advises the Pacific Road Resources Funds that are major shareholders of Kula Gold. Mr. Garry Perotti, who has served in an executive capacity as Chief Financial Officer since October 2014, has been appointed as an executive director of Kula Gold Limited. Mr. Perotti has 25 years' experience as a financial controller in the mining and associated service industries. He is already on the board of the company's PNG subsidiary, Woodlark Mining Limited, where he has played a pivotal role in discussions with government authorities and landowners in Papua New Guinea, and his elevation to the Kula Gold board will allow him to play a wider role.