Key Senior Management Appointment

Estrella Resources (ASX: ESR) is pleased to announce key senior management changes to drive growth and support upcoming Timor-Leste projects. Robert Mencel, with over 25 years of global mining experience, has been appointed CEO, set to become Managing Director by June 2026. Christopher Daws will transition to Business Development to focus on asset management and partnerships. Estrella ensures leadership continuity during this transition period and is recruiting for additional roles to bolster activities in Timor-Leste.

Robert's appointment enhances Estrella's capabilities for the development and operation of their Timor-Leste projects. Chris Daws expresses confidence in Robert's leadership, highlighting the significant opportunities in Timor-Leste. Robert emphasizes the strong mineral potential and aims to drive sustainable shareholder value through disciplined evaluations and robust operations.

For further details or inquiries, reach out to Managing Director Christopher J. Daws at +61 8 9481 0389 or via email at info@estrellaresources.com.au. Media inquiries can be directed to David Tasker at Chapter One Advisors. The Board has authorized this ASX release. Please note that forward-looking statements are subject to uncertainties. Key terms of Mr. Mencel's employment agreement, including a base salary of A$430,000 per annum and equity incentive details, can be found in Appendix 1. Feel free to ask any questions regarding this announcement.