Appointment of Chief Financial Officer

Emmerson, which is developing the world class Khemisset Potash Project in Morocco, is pleased to announce the appointment of Mr Jim Wynn as Chief Financial Officer (“CFO”), effective immediately. Mr Wynn is an experienced finance professional and chartered accountant with significant corporate experience, particularly in the resource sector. He has held senior management positions for a number of resource companies, including, most recently as CFO of Moxico Resources plc, and previously as CFO of Rainbow Rare Earths Ltd and finance director of Avocet Mining Plc, where he set up a partnership with Moroccan mining group Managem SA over the Tri-K project in Guinea. He also serves on the board of exploration company GreenRoc Mining Plc. Prior to this, Mr Wynn was employed by Anglo American plc where he worked within the finance, business development, and strategy departments of Anglo Industrial Minerals.

Graham Clarke, CEO, commented: “We are delighted to welcome Jim to the Emmerson team, working alongside our colleagues in Morocco and in the UK to promote our growing business in Morocco and internationally. This is a pivotal time in our development as we begin to advance Khemisset into the construction phase, and in so doing, establishing the first commercial potash mine on the African continent, working in partnership with the Moroccan government and relevant authorities to promote the Kingdom as an international fertiliser hub.

“Following the recent appointment of Barr Engineering and Reminex S.A. to manage the Basic Engineering work, we are set to progress towards full EPCM commencement later this year. A key part of the project development will be putting in place debt financing, in which Jim will play a pivotal role, and which we expect to conclude in Q2/Q3 2022.”

Jim Wynn commented: “I am very excited to be back working in Morocco, which I know from experience to be an excellent jurisdiction for mining, and the Khemisset project is a world-class asset with enormous potential.”

Mr Wynn will not be joining the Board at this time. He does not currently hold any ordinary shares in the Company.