Kairos Minerals : 24/03/2022 – Board Update

ASX ANNOUNCEMENT

24 March 2022

Board Update

Kairos Minerals Ltd (ASX: KAI) (Kairos or Company) advises that Mr Terry Topping and Mr Bruno Seneque have tendered their resignations as Directors of the Company, effective 23 March 2022.

Terry and Bruno's involvement with the Company started with the acquisition of the Mt York Gold Project in the Pilbara of WA with no recorded gold JORC resources and its subsequent exploration and advancement over the past five years to establish a current JORC resource of 873,500oz Au (refer ASX announcement on 4 March 2020).

During this period, the Company has also expanded its broader tenement portfolio in the Pilbara region and made a number of exciting gold and lithium discoveries which have put the Company in a good position to deliver value to shareholders going forward.

As a result of the above resignations, the 249D notices received by the Company referred to in the ASX announcement on 8 March 2022 have been withdrawn and Messrs Philip Coulson and Zane Lewis have been appointed as Directors effective today.

Mr Coulson has over 20 years corporate advisory experience, having held senior advisory positions at Montagu Stockbrokers and Patersons Securities Limited. He has promoted and advised numerous companies in the identification and acquisition of technology and resource projects. Currently a private investor and corporate consultant, he holds debt and equity positions in a number of public and private companies.

Most recently, Phil facilitated the transformation of Vital Metals Ltd (ASX:VML) into a rare earths business. Prior to this he facilitated the reverse takeover of ResApp Diagnostics Pty Ltd by Narhex Life Sciences Limited (ASX: RAP) and also the reverse takeover of Alcidion Group Limited by Naracoota Resources Limited (ASX: ALC). Phil holds a Bachelor of Economics from UWA (1993).

Mr Lewis is a principal and founder of corporate advisory firm SmallCap Corporate, which specialises in corporate advice to public companies and is managing director of Golden Triangle Capital which connects listed entities with a community of professional and sophisticated investors, providing funding for all stages in strategic development.

Most recently Zane facilitated the transformation of Odessa Minerals Limited (ASX:ODE) into a Australian focussed diamond exploration company, the IPO of mining services company Aquirian Limited (ASX:AQN) and was instrumental in the transformation of Vital Metals Ltd (ASX:VML) into a rare earths business.

Mr Lewis is a Fellow of the Governance Institute of Australia and is the Chairman of Odessa Minerals Limited and a non executive Director of Lion Energy Limited and Kingsland Global Limited.

This announcement has been authorised for release by the Company's Board of Directors.

For further information, please contact:
Investors:	Media:
Mr Phil Coulson	Nicholas Read/Paul Armstrong
Director	Read Corporate
Kairos Minerals Limited	Ph: 08 9388 1474

T [phone] Level 1, 43 Ventnor Avenue, West Perth WA 6005

kairosminerals.com.au ABN 84 006 189 331 ASX: KAI

About Kairos Minerals

Kairos Minerals (ASX: KAI) is a diversified West Australian-based exploration company which is focused on the exploration and development of two key project hubs located in WA's premier mining districts.

The Company's 100%-owned Pilbara Gold-Project has its central "hub" located ~100km south of Port Hedland in the world-class Pilgangoora district immediately adjacent to the major lithium-tantalum projects owned by Pilbara Minerals, which is currently in production.

Since acquiring the Project in early 2016, Kairos has established a JORC Indicated 8.56Mt at 1.3 g/t for 366,000oz and Inferred 12.36Mt at 1.28 g/t for 507,000oz for a Total Mineral Resource of 20.93Mt @ 1.3g/t Au for 873,500oz (ASX announcement, 4 March 2020). The Project encompasses the historical Lynas Find gold project, which produced over 125,000oz of gold between 1994 and 1998.

Kairos's 100%-owned Roe Hills Project, located 120km east of Kalgoorlie in WA's Eastern Goldfields, comprises an extensive tenement portfolio where the Company's recent exploration work has confirmed the potential for significant discoveries of high-grade gold, nickel and cobalt mineralisation. Kairos' tenure adjoins the emerging Lake Roe gold discovery, owned by Breaker Resources (ASX: BRB).

In the Pilbara, Kairos also holds 2,026 square kilometres of tenure (granted and applications) which is highly prospective for gold and lithium-caesium-tantalum pegmatite discoveries.

T [phone] Level 1, 43 Ventnor Avenue, West Perth WA 6005

kairosminerals.com.au ABN 84 006 189 331 ASX: KAI