Peninsula Energy Limited appointed Mr. Evgenij Iorich to the Board as a Non-Executive Director, effective 2 February 2015. Mr. Iorich currently holds a senior executive role at Pala Investments Limited (Pala) and joins the Board following Pala's funding commitment in the recent $69.4 fully underwritten institutional funding for the Lance Projects in Wyoming USA. Mr. Iorich has experience in the natural resources sector across a broad range of commodities with a focus on M&A opportunities, operational, financial planning and corporate structuring.

Prior to joining Pala in 2006, Mr. Iorich was a financial manager at Mechel, the Russian metals and mining company, where his responsibilities included all aspects of budgeting and financial modelling.