Magnetic Resources NL announced the appointment of Mr. George Sakalidis and Mr. Julien Sanderson as non-executive directors with immediate effect. George was a founding director and shareholder of the Company since incorporation and was the former Managing Director until October 2014. During this time, Mr. Sakalidis worked tirelessly to establish a portfolio of assets which the company continues to develop and pursue with the aim of being a producer.

Julien has more than 40 years' experience in banking, corporate, accounting, taxation, company secretarial practice and international and local corporate governance. Previously Mr. Sanderson was Financial Controller and subsequently Manager Director and company Secretary of ASX-listed Biron Corporation Limited and non-executive Chairman of Premier Gold NL and Corporate Finance Manager of Kia Ora Gold NL. The appointments follow the removal of Mr. Gavin Fletcher and Mr. John Blanning as directors as a result of the requisitioned shareholder meeting.