The Board of Directors (the ‘Board') of Interra Resources Limited (the ‘Company') announced that Mr. Ng Soon Kai has retired from his position as a Non-Executive Director of the Company with effect from 29 April 2022, at the conclusion of the annual general meeting of the Company held on the same date. Following the retirement of Mr. Ng Soon Kai, he will cease to be a member of the Audit Committee, the Nominating Committee and the Remuneration Committee. Following Mr. Ng Soon Kai's retirement, the number of Audit Committee members falls below the minimum number of three members as required under Rule 704(8) of the Listing Manual of the Singapore Exchange Securities Trading Limited (the "Listing Manual") and the provisions set forth in the Code of Corporate Governance 2018 (the "Code").

There will also be insufficient members in the Nominating Committee and Remuneration Committee pursuant to the provisions set forth in the Code. In light of the foregoing, the Board further announced that with effect from 1 May 2022: (a) Ms. Loo Hwee Fang will be appointed as an Independent Director of the Company, a member of the Audit Committee and the Nominating Committee, and Chairman of the Remuneration Committee; and (b) Mr. Allan Charles Buckler will be re-designated as member of the Remuneration Committee.