Kalium Lakes Limited announced that its current chairman, Mr. Malcolm Randall, will retire as a director of the Company at or before its next Annual General Meeting in November 2020. To allow for an orderly transition, Mr. Randall has advised he will immediately step down from the role of chairman of the Company (Chairman) and will remain as a non-executive director of the Company. Following this decision, the Board has resolved to appoint Mr. Stephen Dennis, a non-executive director of the Company, as Chairman. Mr. Dennis joined the Kalium Lakes board in April last year, as the nominee of the Company's major Shareholder, Greenstone Resources. Mr. Dennis will cease to be Greenstone's nominee to the KLL Board and will be replaced in that capacity by current non-executive director, Mr. Mark Sawyer, who is a Senior Partner of Greenstone.