S2 Resources Ltd. implementing several changes to its board, aimed at lowering costs during the expected six month period of enforced reduction in activities and ensuring it remains well positioned once normal business and market conditions resume. Current non-executive chairman Jeff Dowling will move to a non-executive director role, and current managing director and chief executive officer Mark Bennett will assume the role of executive chairman. Non-executive director Grey Egerton-Warburton will step off the board but will remain available to the company on an as needs basis. Executive director and company secretary Anna Neuling will remain in her current role. These changes are effective from the April 3, 2020.

The Company's Perth office will remain closed until further notice, with staff working from home or in low-risk situations in the field. Unfortunately, largely because of the lack of overseas exploration activity for the foreseeable future, the company has also had to freeze or terminate the engagement of a number of its consultants and contract personnel.

The company has also recently applied for several new tenements in the Three Springs and West Murchison regions, where it sees potential for magmatic nickel sulphide prospectivity along the western margin of the Yilgarn craton. These areas are also not affected by the intrastate travel ban. In order to reduce its costs and future expenditure liabilities, and in the context of the international travel ban, the Company has elected to withdraw from its Ecru farm-in in Nevada, USA, effective immediately. The Company intends to retain its Finland exploration portfolio where it has several promising gold prospects, but does not expect to be active there until late 2020 due to travel restrictions in place.