Kainantu Resources Ltd. announced the appointment of Mr. Martin Cooper as Acting Chief Financial Officer (CFO), with immediate effective. Mr. Cooper's exceptional qualifications and experience make him an invaluable addition to the Company's leadership team. Acting Chief Financial Officer Appointment Mr. Cooper has over 35 years' finance experience including over 20 years as Group CFO of various public companies listed on the Australian, UK and Norwegian stock exchanges.

In addition, he spent one year as CEO of REC, a USD 600 million revenue solar panel manufacturer. Over a long career, Mr. Cooper has developed a broad suite of skill sets of immediate benefit to KRL, with substantial experience in raising debt and equity. In addition, he has strong credentials in mergers and acquisitions, corporate governance and risk management; especially for fast growth companies operating in the Asian region.

Mr. Cooper is a Fellow of the Institute of Chartered Accountants England &Wales, having qualified with Deloitte in 1990 and has an MBA from Henley Management College. The Company also takes this opportunity to acknowledge the hard work and contribution of Mr. Bart Lendrum, the outgoing CFO; including taking a leading role in the development of the finance function since inception of KRL in 2020. Mr. Lendrum will leave KRL in the near future to pursue other opportunities; while ensuring a seamless handover to Mr. Cooper in the meantime.