Gold Road Resources Limited advised that effective 1 July 2016, Tim Netscher will assume the role of independent Non-Executive Chairman of the company. Mr. Netscher, with more than forty years experience in the resources sector, has held senior executive roles with Gindalbie Metals, Newmont Mining, Vale Australia, PT Inco, BHP Billiton and Impala Platinum. He has been an independent Non-Executive Director of Gold Road since September 2014, and holds nonexecutive positions on the boards of listed mining companies St Barbara Mines, Western Areas and Toro Energy.

Once Mr. Netscher's appointment becomes effective, incumbent executive chairman Ian Murray will become chief executive officer and managing director. Mr. Murray will focus on leading Gold Road and the management team, as he has done so successfully since 2008, through the next phase for the Company as it progresses development of the Gruyere Gold Project, approximately 200 kilometres east of Laverton in Western Australia, through to production, targeted for 2018. Justin Osborne's responsibilities as Executive Director have broadened to include exploration, business development, investor relations and technical services under the title of Executive Director ­ Exploration and Growth.

This will ensure focus is maintained, during the Gruyere development phase, on growth through regional exploration and opportunities outside of Gruyere. Sim Lau, currently Development Manager, has been appointed to the newly created position of Project Director Gruyere Gold Project. Mr. Lau will continue to oversee the Gruyere Feasibility Study and subsequently, construction of the Project assuming positive results from the Study, Board approval and financing.