Peninsula Energy Limited announced the appointment of Mr. Mark Wheatley as a Non- Executive Director and nominee of RCF VI, effective 26 April 2016. Mr. Wheatley is a senior mining professional with extensive uranium and ISR experience and his appointment will add significant support to the board and management team. With the appointment of Mr. Wheatley, Mr. Neil Warburton has retired from his role as Non-Executive Director to pursue other business ventures.

The Board would like to thank Neil for his valuable contribution as a Non-Executive Director and wish him the very best in his expanding endeavours. In other changes, Mr. John Harrison, will replace Mr. Richard Lockwood as Non-Executive Chairman who is experiencing increased time pressure from his other business commitments. Mr. Lockwood will remain as a Non-Executive Director of Peninsula.

The Board would like to thank Richard for his substantial contribution as Chairman and look forward to his continued involvement as a Non-Executive Director.