Moonbound Mining Ltd. announced that Pappu Sastry has joined the Board of Directors (the 'Board') effective immediately. Mr. Pappu Sastry is a well reputed CEO with varied experience of Shipping and Logistics projects. He has been involved with African mining logistics projects since 2010.

In 2015, Lloyd's List, UK recognized him as one of the 'World's Top 50 Leaders for Shipping in the next Generation'. Capt. Pappu Sastry has been co-founder, Managing Director &CEO of several ship owning, operating and management companies and projects in Hong Kong, Singapore, Mumbai, Dubai and USA.

His innovative solutions to the traditional shipping issues has given him recognition in several sectors within Shipping, Insurance, Logistics and Management. With an MBA from University of Manchester UK and a wealth of senior management experience in Shipping and Logistics, he has helped to diversify and grow the several new businesses. In 2022, International Bulk Journal awarded him the 'Entrepreneur of the Year' award when he started Arise Shipping and Logistics (ASL) in partnership with Arise IIP Dubai.

He is the only CCEO in Shipping as certified in Australia. He has nurtured ASL Dubai as a specialist mining logistics player focused on Africa. The Company also announces that Ms. Natalia Clemente has resigned from the Board after having served as a Director of the Company since 2021.

Mr. Lumley would like to thank Ms. Clemente for her service and contributions to the Board.