Capricorn Metals Ltd. announced key changes to its Board and senior management. Mr. Heath Hellewell and Mr. Peter Langworthy will step down from the Board, making way for the appointment of two new highly-experienced Non-Executive Directors. Mr. Hellewell will retire as Managing Director effective immediately but will remain with the Company in an executive capacity on an interim part-time basis, pending the appointment of a new CEO. An executive search process is already well advanced, and a new CEO appointment is expected to be made in due course. Mr. Langworthy will also retire from the Board effective immediately and has served as both an Executive and Non-Executive Director of the Company since the transformational acquisition of the Karlawinda Gold Project. He was Technical Director at the time of the acquisition and has continued to play a critical role in the advancement of the Project. With Peter's retirement, the resolution relating to his re-election contained in the Notice of Meeting for the Company's upcoming AGM on November 15 will be withdrawn. As part of this transition the Board is announced the appointment of two experienced mining industry professionals as Non-Executive Directors which will assist in the Company's transition from exploration into development and operations. Mr. Geoff Rogers is a corporate and resources lawyer with over 35 years' experience advising both Australian and international clients involved in the resources industry. Geoff has considerable experience in joint ventures, mergers and acquisitions, fund raising, project acquisition and development and regulatory issues in the resources industry. During the period since 2012, Geoff has run his own private practice as well as being in-house counsel for Panoramic Resources Limited. Peter recently retired from his role as Managing Director of Kalamazoo Resources Limited, a gold and copper explorer and developer. His previous roles have included Managing Director for Shaw River Manganese Ltd, General Manager Geology, for Iluka Resources Limited and Divisional Project Manager for Newcrest Mining Limited. The Chair and Board will oversee the appointment of a new Managing Director or Chief Executive Officer, to be announced in due course. The Company is undertaking a formal search process and the process is well advanced, with several high calibre candidates already under consideration. In the meantime, the Company will continue to proactively progress the development of the Karlawinda Gold Project in line with its previously disclosed strategy. In the interim the Company's Chief Operating Officer, Chief Financial Officer and Chief Geologist will each report directly to the Board of Directors and will be supported by Mr. Hellewell in his part-time executive capacity.