Resolute Mining : Managing Director & CEO change

19 October 2020

Resolute Managing Director & CEO change

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The Board of Directors of Resolute Mining Limited (Resolute or the Company) (ASX/LSE: RSG) advises that, after five years with the Company as Managing Director and CEO, Mr John Welborn has stepped down from the role.

Resolute Chief Financial Officer, Mr Stuart Gale, has been appointed as Interim Chief Executive Officer while an executive search process is undertaken. Mr Gale will be well supported by Resolute's executive team and the Board.

Resolute Chairman Martin Botha said: "John has worked hard to reposition and transform the business over the past five years, and the time is right to introduce a new CEO to take Resolute forward, to deliver improvement in operational outcomes and resilience, and to deliver the next phase of sustainable value for the company.

"Under his leadership, Resolute has been active corporately to build its mining profile and dual-list on the London Stock Exchange. On behalf of the Board I would like to thank him for his valuable contribution and wish him well in his future endeavours."

Interim CEO Stuart Gale joined Resolute as Chief Financial Officer in January 2020, having previously held senior executive positions at Fortescue Metals Group Limited and Wesfarmers.

The Board is commencing a comprehensive process to recruit a new CEO with the skills and industry experience to lead the executive team and deliver on Resolute's strategy.

There is no change to 2020 Guidance.

	Authorised by Mr Martin Botha, Chairman
Contact Information - Investors
Resolute	Berenberg (UK Corporate Broker)
Martin Botha, Chairman	Matthew Armitt / Jennifer Wyllie / Detlir Elezi
Telephone: [phone]	Telephone: [phone]
Email:[e-mail]
Web:www.rml.com.au
Contact Information - Media
FTI Consulting (Australia)	Tavistock (UK Public Relations)
Cameron Morse / Adrian Watson	Jos Simson / Emily Moss / Annabel de Morgan / Oliver
Telephone: [phone]	Lamb
Email:[e-mail]	Telephone: [phone]
[e-mail]	Email:[e-mail]
Follow Resolute

ASX/LSE: RSG Capital Summary		Board of Directors		Contact
Fully Paid Ordinary Shares: 1,103,892,706		Mr Martin Botha Non-Executive Chairman		Martin Botha Chairman
Current Share Price:		Ms Yasmin Broughton Non-Executive Director		Level 2, Australia Place | 15-17 William St
A$0.96 as at 16 October 2020		Mr Mark Potts Non-Executive Director		Perth, Western Australia 6000
Market Capitalisation: A$1.1 billion		Ms Sabina Shugg Non-Executive Director		T: [phone] | F: [phone]
2020 Guidance:		Mr Peter Sullivan Non-Executive Director		E: [e-mail]
400,000oz to 430,000oz gold production
AISC of US$980/oz to US$1,080/oz