The Board of Mineral Commodities Ltd. advised that the Company has given notice of termination of the agreement under which the services of Mr. Mark Caruso as Chief Executive Officer are provided. Mr. Caruso will cease providing those services immediately. This decision is a result of a breakdown in the relationship between the Board and Mr. Caruso, following commencement of enquiries into a potential related party matter. Those enquiries are ongoing and the Company is unable to provide further detail at this time. However, the Board's relationship with, and the provision of CEO services by, Mr. Caruso became untenable. The Company's Chairman, Mr. David Baker and Non-Executive Director, Mr. Russell Tipper acting in the role of CEO, will supervise the Company's operations whilst the Board undertakes a search for a replacement CEO, commencing immediately.