BERKELEY ENERGIA LIMITED

NEWS RELEASE | 28 June 2022

Berkeley Strengthens Board with Spanish Based Director

Berkeley Energia Limited ("Berkeley" or "Company") is pleased to announce the appointment of Mr Francisco Bellón as an Executive Director of the Company effective 1 July 2022.

Mr Bellón is a Mining Engineer with more than 25 years of experience in the resources sector, including specialisation in mineral processing. During his career, Mr Bellón has participated in the construction, commissioning and operation of four mines in Spain, two in South America and two in West Africa, working at an executive level for Toronto, New York or Madrid Stock Exchange listed companies, such as Rio Narcea Gold Mines, Lundin Mining, ENDESA and Duro Felguera.

Mr Bellón who is based in Salamanca, joined Berkeley in 2011 as General Manager of Operations, and was subsequently promoted to Chief Operating Officer in 2017. During this period, Mr Bellón has been responsible for the Company's day-to-day operations in Spain, and has overseen the development of the Salamanca Project from the Scoping Study stage through to the completion of the Definitive Feasibility Study and Front End Engineering Design. He has also been a Director of the Company's Spanish subsidiaries since 2011. 

Mr Bellón has a Masters Degrees in Mining Engineering and Occupational Health and Safety, Investor Relations Certification from the Madrid Stock Exchange, and is Member of the Australasian Institute of Mining and Metallurgy ("AusIMM").

The appointment of Mr Bellón will substantially strengthen the Board's technical capacity and Spanish operating experience as the Company continues to focus on resolving the current permitting situation, and ultimately advancing the Salamanca project towards production.

For further information please contact:

Robert Behets                          Franciso Bellón                       

Acting Managing Director          Executive Director         

+61 8 9322 6322                        +34 923 193 903                                               

info@berkeleyenergia.com

Mr Bellón's Initial Director's Interest Notice is included below.

Terms and Conditions of Director's Appointment

Mr Bellón will be engaged as an Executive Director under a director appointment letter. He also has an employment contract in Spain that has a rolling term and may be terminated by the Company giving six months' notice, or 12 months in the event of a change of control of the Company. From 1 July 2022, Mr Bellón will receive €220,000 per year plus compulsory social security contributions regulated by Spanish law.

Further details of Mr Bellón's employment contract can be found in the Company's 2021 Annual Report.

Appendix 3X

Initial Director's Interest Notice

Information or documents not available now must be given to ASX as soon as available.  Information and documents given to ASX become ASX's property and may be made public.

Introduced 30/9/2001.

We (the entity) give ASX the following information under listing rule 3.19A.1 and as agent for the director for the purposes of section 205G of the Corporations Act. 

Part 1 - Director's relevant interests in securities of which the director is the registered holder

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of "notifiable interest of a director" should be disclosed in this part.

Part 2 - Director's relevant interests in securities of which the director is not the registered holder

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Part 3 - Director's interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of "notifiable interest of a director" should be disclosed in this part.