Sihayo Gold Limited announced that Stuart Gula, CEO and Managing Director of the company has indicated his intention to relocate to Australia for family reasons, after four years being based in Jakarta. Accordingly, he has tendered his resignation, which the Board has reluctantly accepted. Stuart will continue in his present position until February 2017 to manage the current review aimed at optimising the Feasibility Study.

The Board has discussed with Mr. Gula an intention for him to stay on as a non-executive director after February 2017, to which Stuart has agreed.