Highly Experienced Lithium Professional Appointed as Managing Director

Premier1 Lithium Limited (ASX:PLC) (“Premier1” or the “Company”) is pleased to announce the appointment of Mr Jason Froud as Managing Director effective 1 June 2024. This appointment following an extensive executive search process marks an important milestone in the transition of Premier1 into a significant junior lithium explorer.

HIGHLIGHTS

• Highly experienced lithium professional Jason Froud appointed as Managing Director
• Former Business Development Manager of Liontown Resources (ASX: LTR)
• Over 25 years experience in the resources sector focusing on lithium and battery metals
• Appointment will drive exploration and further growth of Permier1 Lithium’s portfolio

Premier1’s Non-Executive Director Anja Ehser commented:

“We are delighted to appoint Jason as Managing Director. Jason is the former Business Development Manager of Liontown Resources where he has played a leading role in generating a pipeline of new major lithium and battery metals projects in Australia. He brings tremendous experience and expertise in assessing and valuing lithium assets that will assist Premier1’s growth using our unique lithium data sets.

On behalf of the Board, I am delighted to welcome Jason to our Company. We look forward to working closely with him to create shareholder value through continued development of our existing exploration assets and further project opportunities.”

Incoming Managing Director Jason Froud said:

"l am excited to accept the role of Managing Director at Premier1. The Company has the vision, commitment and importantly, the backing to build Premier1 into a successful junior explorer and maximise the chance of exploration success with its industry leading machine learning technology.

I am impressed at the rigour and diligence the team has applied in assembling the current exploration package and look forward to the opportunity to fully test this and enhance it with further organic growth or M&A activity. Recent months have been challenging for battery minerals but I am confident in the underlying demand for EV metals and strong recovery in the sector.

I look forward to working closely with Premier1's Board and shareholders, and to delivering value for all stakeholders.’

The Board and entire team of PLC again would like to thank Richard Taylor, the current CEO, for his contribution and commitment during the past transition of PLC and is pleased to have him remain part of the Company as non-executive Director from June onwards.

In addition to the management, further additions are planned to be made to the leadership team at PLC to align with the new strategy.

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