New Century Resources Limited announced the resignation of Non-Executive Director and Chairman Robert McDonald and the appointment of Non- Executive Director Kerry Gleeson as Chair. The resignation and appointment will take effect from the conclusion of the Company's Annual General Meeting to be held on 9 November 2022. This Board renewal is another step in the evolution of leadership as the Company advances the optimisation of Century operations and progresses growth initiatives.

Ms. Gleeson is an experienced Non-Executive Director following a 30-year career as a senior executive and as a lawyer in both the United Kingdom and Australia. She has significant experience in international governance, strategic M&A and complex corporate finance transactions, as well as in risk and crisis management. Ms. Gleeson was elected to the New Century Board of Directors on 30 November 2020 and shareholders confirmed her appointment at the 2021 AGM with a vote of 99.54%.

Ms. Gleeson has served as the Chair of the Environmental, Social and Governance Committee, a Member of the Remuneration and Nomination Committee and a Member of the Audit and Risk Committee. Ms. Gleeson also serves on the Boards of St. Barbara Limited, Chrysos Corporation Limited and Australian Strategic Materials Limited.

The Board of Directors thanks Mr. McDonald for his contribution and service to the Company. In light of this Board renewal, the Directors have resolved to withdraw the following resolutions referred to in the Notice of AGM released to the ASX on 7 October 2022: Re-Election of Director ­ Mr. Robert McDonald.