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TAWANA RESOURCES NL - Board Restructure

Release Date: 07/12/2015 09:18:00      Code(s): TAW       PDF(s):  
Board Restructure

Tawana Resources NL
(Incorporated in Australia)
(Registration number ACN 085 166 721)
Share code on the JSE Limited: TAW
ISIN: AU000000TAW7
Share code on the Australian Stock Exchange Limited: TAW
ISIN: AU000000TAW7

Board Restructure

The Board of Tawana Resources NL (“Tawana” or “the Company”) advises that Mr Robert Benussi
has been appointed to the Board of Directors (the Board) as an Independent Non-Executive Director
of the Company with effect 4 December 2015.

Mr Benussi was the founding shareholder and director of Bligh Resources Limited (ASX: BGH) holding
the positions of Managing Director / Chief Financial Officer from 1 July 2011 to 8 October 2015.
Prior to this role he held various positions at Jupiter Mines Limited as Chief Financial Officer,
Company Secretary and General Manager, Corporate from July 2006 to June 2011 and was a Non-
Executive Director of Resource Star Limited (ASX: RSL) from July 2009 to March 2013.

Mr Benussi brings extensive experience in finance, corporate advisory, stockbroking and business
development to the Tawana Board.

In conjunction with the appointment of Mr Benussi, Mr Wayne Richards has resigned as a Director
and will leave the Company today. The Board would like to thank Mr Richards for his significant
contribution to the Company and the advancement of the Mofe Creek Project since commencing his
role in 2013 and wish him all the best for the future.

As part of the Board restructure, Mr Michael Bohm will assume the role as Non-Executive Chairman.

The Board will continue to review the program for the Mofe Creek project in light of the prolonged
downturn in the iron ore price and junior exploration investor sentiment, while continuing to
examine other prospective investment opportunities.

For further information, please contact:
Michael Naylor
Executive Director
Ph: +61 8 9489 2600

07 December 2015

PricewaterhouseCoopers Corporate Finance (Pty) Ltd

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