Celsius Resources Limited announced that it has appointed a new Chief Operating Officer to boost the operations of its Philippine subsidiaries, particularly the development of the Company's Maalinao-Caigutan-Biyog Copper-Gold Project. The Company has signed on Mr. David James Way, a New Zealand educated mining engineer with more than 30 years' experience in the operation and management of both underground and open-pit mines across several commodities and jurisdictions. Recent relevant experience includes executive responsibility for OceanaGold's Didipio Mine in the Philippines, as well as the Macraes and Waihi Gold Mines in New Zealand.

Previously, Mr. Way held senior management positions with Oz Mineral's Prominent Hill Mine in South Australia, Newcrest Mining's Gosowong Gold Mine in Indonesia and its Telfer Mine in Western Australia. Mr. Way has also held mine management positions in South Africa and the Democratic Republic of Congo. Mr. Way holds a Bachelor of Engineering (Mining) from the University of Auckland, a MBA from the University of South Australia, is a Graduate of the Australian Institute of Company Directors and is a Member of the Australasian Institute of Mining and Metallurgy.

His acumen in directing and leading projects and operations, as well as his close familiarity and successful engagement of various stakeholders in the Philippines, through his previous position as General Manager for OceanaGold's Didipio Mine, will be extremely beneficial and hold him in good stead for his new appointment as COO of Celsius.