Global Resources Investment Trust plc

'GRIT' or 'the Company'

Directorate Changes

The Company is pleased to report that Richard Lockwood and Malcolm Burne, both of whom are veteran fund managers, with exceptional records in the natural resources sector, will join the Board as Chairman and Executive Director respectively with immediate effect.

Accordingly, and as referred to in the Company's announcement of 30 September 2021, James Normand, Chairman, will step down, also with immediate effect.  Martin Lampshire will continue as Executive Director.   

 The reconstituted Board is now in a position to progress its plans to commence the re-building of a diverse portfolio of natural resources investments and will in due course announce further proposals to advance this process.

The Company confirms that there is no further information - other than that set out below - to disclose under LR 9.6.13R (1) - (6).

Malcolm Burne:

Current Directorships                                         Past Directorships (last 5 years)

White Knight Investments Limited                       Auctus Growth PLC

West End TST Ltd                                               MESM Holdings PLC

Golden Prospect Previous Metals Ltd                 4-6 Sloane Gardens RTM Company Limited

Star Tech NG PLC                                               Megatrends Capital Ltd

JP Jenkins Ltd                                                     Shell Centre LLP

Exchange Investment Trust PLC                         HEIQ PLC

The Crowd Investment Exchange PLC                Radix Capital Limited

Second Market Ltd                                               Mesh Holdings PLC

The Venture Capital Exchange Ltd

Spac X Ltd

JP Jenkins Direct Ltd

Richard Lockwood:

Current Directorships                                         Past Directorships (last 5 years)

Ausgold Limited                                                   Geiger Counter Ltd

RAL Capital Group Limited                                  Peninsula Energy Ltd

                                                                             Arlington Group Asset Management Limited

Enquiries:

Global Resources Investment Trust plc

Martin Lampshire

Tel: +44 (0)20 3198 2554

Peterhouse Capital Limited

Lucy Williams/Duncan Vasey

Tel: +44 (0)20 7469 0930