Capricorn Metals Limited Announces Board Changes

Capricorn Metals Limited is a gold producer. The Company exploration, evaluation, development and production at the Karlawinda Gold Project and exploration and evaluation of the Mt Gibson Gold Project. The Karlawinda Gold Project located in the Pilbara region of Western Australia, 65 kilometers (km) south-east of the town of Newman. The Karlawinda Project consists of over 2,000 square kilometers of prospective tenure which includes the greenstone belt hosting the 2.2-million-ounce Resource and 1.2-million-ounce Reserve Bibra gold deposit and other areas deemed prospective for gold. The Mt Gibson Gold Project (MGGP) is located approximately 280 kilometers northeast of Perth and less than 10 kilometers from the main arterial Great Northern Highway, in the Murchison region of Western Australia. It is 150 kilometers south-southeast (SSE) of Yalgoo (Golden Grove VHMS base metal deposits) and 240 kilometers south-southwest (SSW) of Cue and the Big Bell and other lode gold mines.