Southern Gold (SAU) has appointed Michael McNeilly as Chair of the Board with immediate effect. The appointment follows the resignation of Peter Bamford as Chair. Bamford will continue as a Non-Executive Director until the next AGM.

The appointment of Mr. McNeilly as Chair of the SAU Board is an interim arrangement whilst the Company undertakes due process to identify a new Chair to lead the Company in its strategy to pursue opportunities presented by the global transition to clean energy, through its critical minerals exploration and its newly acquired batteries technology business. Mr. McNeilly has been a Non-Executive Director of Southern Gold since June 2020, and is the CEO and a Director of Southern Gold's largest shareholder Strata Investment Holdings Plc (SRT). Mr. McNeilly has a deep understanding of the equity capital markets and has extensive experience in listed companies and is currently Non-Executive Director of ASX-listed Cobre Limited.

He sits on several private company boards within the SRT group. Mr. Bamford has served on ASX listed and private company Boards for over 30 years and joined the SAU Board in 2018. Following the widening of SAU activity exploring critical minerals and the acquisition of a batery development company Mr. Bamford advised the Board of his intention to retire from the Board at the AGM later this year.