Megado Minerals Limited announced Board and Management Changes. Current CEO, Mr. Ben Pearson, has been appointed Managing Director of the Company. Ben joined Megado in June 2022, bringing over 17 years' experience in the industry specialising in environment and social impact assessment, pollution control and toxicology.

His management experience involves senior positions with non-government organisations, environmental regulators, consultancies, academia, and private industry. The key terms of Ben's remuneration are as follows: Commencement date of 13 February 2023. Base salary of AUD 264,000 per annum.

Termination notice period of 3 months by either party or by the Company paying the equivalent of 3 months' notice in lieu of service; and The issue of 1,000,000 unlisted incentive options, exercisable at $0.10 and with an expiry date of 1 March 2027 (subject to shareholder approval). All other executive engagement terms are standard for this type of agreement. Director Resignations Dr. Chris Bowden resigns as a Non-Executive Director effective immediately.

Chris will remain with the Company on a full-time basis as Chief Geologist. He will be responsible for advancing all aspects of the Company's technical operations including exploration, development of existing projects and identification of new project opportunities. Mr. Gregory Schifrin will step back from his role as a Non-Executive Director but will remain engaged with Megado as a consultant on an as needs basis.

The Board thanks Greg for his contribution to date and looks forward to working with him in the future.