Appointment of Non-Executive Director

SO4 STRENGTHENS BOARD

Salt Lake Potash Limited (SO4 or the Company) is pleased to announce the appointment of Mr Matt Bungey to the Board as a Non-Executive Director effective from today.

Mr Bungey is a Chemical Engineer with over 20 years' experience in Natural Resources. He commenced his career as a Process Engineer with BHP at the Centre for Minerals Technology in the United States where he was responsible for process design and research into bacterial leaching of copper-sulphide ore. He then spent several years in the Marketing Division of BHP Billiton based in The Hague.

Mr Bungey was most recently a Managing Director and Head of Mining and Metals with Barclays Investment Bank in London.

Mr Bungey has worked as a consultant to SO4 since the beginning of 2019 and has played a key role in the advancement of the Lake Way Project. He is also an Independent Director of BGC Group, a large private enterprise based in Perth.

Mr Bungey holds an MBA from INSEAD with Distinction (2005) and a B. Chem Eng (Hons) and B.Sci from the University of Melbourne.

TONY SWIERICZUK, Chief Executive Officer

"Since 2019, Matt has made a significant contribution to the rapid advancement of our Lake Way Project. He brings wide-ranging experience in chemical engineering, mining finance and corporate strategy to the SO4 board and is a valuable appointment."

Further information as required by Rule 17 and Schedule Two, paragraph (g) of the AIM Rules for Companies, is set out below:

Matthew James Bungey, aged 45, is or has been a director of the following companies in the last five years:

There is no further information required to be disclosed pursuant to Schedule Two, paragraph (g) of the AIM Rules for Companies.

Mr Bungey has an interest in 1,394,075 fully paid ordinary shares representing 0.4% of the issued share capital of the Company and holds an indirect interest in 450,000 incentive options and 1,500,000 performance rights. A copy of the Appendix 3X - Initial Directors Interest Notice lodged on ASX today is copied below.

For further information or to view a full version of this announcement, please visit www.so4.com.au or contact:

This announcement has been authorised for release by the Board of Directors.

The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

Forward Looking Statements

This announcement may include forward-looking statements. These forward-looking statements are based on Salt Lake Potash Limited's expectations and beliefs concerning future events. Forward looking statements are necessarily subject to risks, uncertainties and other factors, many of which are outside the control of Salt Lake Potash Limited, which could cause actual results to differ materially from such statements. Salt Lake Potash Limited makes no undertaking to subsequently update or revise the forward-looking statements made in this announcement, to reflect the circumstances or events after the date of that announcement.

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.