The Board of Hillgrove Resources Limited advised that Mr. Derek Carter has agreed to join the Board. As part of the renewal process, Chairman John Gooding, an experienced mining engineer who has provided the operational experience to the Board, has decided to step down from the Board from the conclusion of the AGM, which will be conducted on 24 April 2020. It is intended that Mr. Carter will replace John as Chairman of the Board following Mr. Carter's appointment on 25 April 2020. Derek Carter has over 40 years' experience in exploration and mining geology and management. He held senior positions in Burmine Ltd. and the Shell Group of Companies where he was responsible for discovering the Los Santos tungsten deposit in Spain, before founding Minotaur Gold NL in 1993. With the Company transitioning to an explorer/developer and the uncertainty caused by COVID-19, the Company has implemented a number of initiatives to reduce costs and preserve its cash reserves. One of these initiatives is to reduce the size of the Board with the number of non-executive directors reducing from four directors to two directors. As a result: Tony Breuer has resigned with effect from the date of the AGM and accordingly will not be seeking re-election at the AGM, and in addition Phil Baker has advised of his intention to step down from the Board, once the new Board is in place. Phil has agreed to make himself available to the Board as a consultant if needed as the Company transitions to an explorer/developer.