Salt Lake Potash appoints Phil Montgomery and Peter Thomas to its Board as Independent Directors

– AUSTRALIA, Perth –  Salt Lake Potash Limited (ASX: SO4 | LON: SO4) today announced the appointment of Phil Montgomery and Peter Thomas to its Board as Independent Non-Executive Directors effective immediately.

Following these appointments, Mr Mark Pearce will step down as a Non-Executive Director with effect from today.

“The appointment of Phil and Peter to the board reflects the next evolution in SO4’s development as we finalise construction at Lake Way and look ahead to steady state operations and future development of other lakes. I believe their significant combined experience in project development, operations, strategy and finance within Tier 1 organisations will serve SO4 shareholders well.” said CEO, Tony Swiericzuk.

He added: “I would also like to thank Mark for his contribution to the Company in its formative stages, including the acquisition of SO4’s initial potash projects in Western Australia.”

About Phil Montgomery

Phil Montgomery is a highly experienced mining industry executive who was most recently Vice President – Projects at BHP, responsible for the development of BHP’s Potash business through its Jansen project in Saskatchewan, Canada. Mr Montgomery brings significant experience in project development and operations having held senior project development positions at BHP and Billiton for over 20 years working across several commodities and geographies, including leadership of BHP’s Iron Ore growth program (2002-12).

He holds a BSc from Oxford Brookes University in the UK and completed the Executive Leadership Programme at INSEAD.

About Peter Thomas

Peter Thomas is a senior executive with significant experience in project operations, construction, finance and strategy. Mr Thomas held senior executive positions at Fortescue between 2004-2014 including Project Director in charge of the A$4.7bn T155 port and rail infrastructure investment and Director of Corporate Services. He has previously worked for McKinsey and Lehman Brothers in the USA and more recently held the position of CEO of the Balla Balla Infrastructure Group. He is currently CFO of Decmil, the ASX listed construction and engineering group with c.A$500m in revenues.

Mr Thomas holds an MBA from Harvard Business School, a BEc and BSc from Macquarie University and is a graduate of the Australian Institute of Company Directors.

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