The Directors of Kogi Iron Limited and its Nigerian subsidiary KCM Mining announced the following management changes. Martin Wood has resigned as Managing Director effective 5th August, 2019. David Turvey, a non-executive director of the Company, will assume the role of Managing Director on a short-term basis while a search is conducted for a new CEO.

David is very well experienced to take on this role, having been the former Managing Director of FerrAus Limited. Martin will remain as a financial consultant till 30th September 2019. To ensure continuity of project knowledge & respect of in-country relationships the Company also announced the appointment of Dr. Ian Burston, Mr. Kevin Joseph and Mr. Ian Whiteley as advisors to assist in progressing the Agbaja Cast Steel Project.

All have extensive experience in Africa, and Nigeria in particular, and have had a long association with the Project from its inception. Dr. Burston is also a director of KCM Mining. The advisors will report to the KCM Mining board and the positions are unremunerated.

The Company has also set up a Finance Committee to be chaired by non-executive director Peter Huljich. The committee will be responsible for identifying and securing the funding required for the completion of the detailed engineering and technical program for the development of the Agbaja Project. The committee will also include Greg Boulton, a non- executive director of the Company.