Morella Corporation Limited advised that the Morella Corporation Limited's Chief Executive Officer (CEO) Mr. Alex Cheeseman has tendered his resignation. Under Mr. Cheeseman's employment contract he is required to give the Company 6 (six) months' notice when tendering his resignation, however, due to circumstances the Company has decided to release Mr. Cheeseman with a reduced notice period effective 7 October 2022. The Company has taken this opportunity to restructure its management team and as a result, Morella does not intend to refill the position of CEO with the duties formally associated with the position absorbed by the Managing Director Mr. James Brown and other executives within the Company.