AusCann Group Holdings Limited announces that Mr. Max Johnston has retired from his position as Chairman and Mr. Bruce McHarrie has retired as Non-Executive Director and Chairman of the Audit and Risk Committee with effect from the conclusion of this year's Annual General Meeting. Ms Krista Bates, having been nominated, has accepted the appointment as Interim Chairperson. Mr. Robert Clifford current Non-Executive Director will be Chair of the Company's Audit and Risk Committee. The Board is currently in the process of identifying a new Chair who will be able to assist the Company in the next phase of its growth and development.