Metarock Group Limited announced effective immediately, the following management changes have been implemented by the Board: Mr. Jeff Whiteman, previously CFO, is appointed as MYE Interim CEO. Mr. Paul Green, previously MYE CEO and MD, will part ways with the business from 20 June 2023. Mr. Whiteman's appointment as Interim CEO reflects the strong contribution he has made to the management of the Company in the last six months, as it sought to resolve its financial difficulties and completed its recent recapitalisation through the investment by M Mining Services in Metarock shares comprising a controlling stake in the Company, as announced on 22 May 2023.

The Board wishes to express its appreciation to Mr. Paul Green for his service as CEO and Managing Director. Mr. Green's leadership and contribution to the Company during its recent period of financial difficulty has helped to position it to continue to execute its turnaround strategy. The Interim CEO appointment will commence on 20 June 2023 and will continue until such time as the Board appoints a new Chief Executive Officer, Metarock, unless terminated earlier by Metarock giving Mr. Whiteman 5 business days' written notice of the termination of the appointment.