Reach Resources Limited announced the appointment of Jeremy Bower as CEO of the Company, effective immediately. Mr. Bower's appointment as CEO follows the Company's successful $2.4 Million placement which will settle, 23 March 2022 with shares to be allotted, 24 March 2022. Funds raised will be used to finalise the acquisition of 10% of REEgenerate Pty Ltd. in addition to providing working capital and cash to develop the Company's mineral resource exploration projects.

Mr. Bower is an experienced executive and project manager demonstrated across the mining, agricultural and industrial sectors and in particular brings a unique skill set that is highly relevant to diversified resources Company. Jeremy brings over 15 years' experience dealing with the government, key stakeholders and engineers to obtain project approvals, in addition to strong ESG credentials, which is now demanded by investors and communities alike across the globe. His appointment comes at a time when the Company is focussed on driving a detailed plan to assess and deliver more value from its assets and take steps towards being a significant player in the emerging circular economy.