Mr. Lincoln Greenidge reports

SANDFIRE RESOURCES AMERICA ANNOUNCES CHANGE OF DIRECTORS

Sandfire Resources America Inc. has appointed Lincoln Greenidge, the current chief executive officer of the company, and Victoria Twiss to the board of directors of the company in replacement of Matt Fitzgerald and Rob Scargill, who have resigned as directors of the company, effective July 29, 2023. The company has also appointed Jason Grace as the board chair.

Following the changes to the board, the board will comprise five members: Lincoln Greenidge, Victoria Twiss, Jason Grace, Alan Joscelyn and Christina Hedrich. Mr. Greenidge will continue to serve as chief executive officer of the company.

Mr. Greenidge joined the company in January, 2022, and served as the company's chief financial officer until March 29, 2023, at which time he was appointed chief executive officer of the company.

Ms. Twiss is a practising lawyer with over 18 years of experience in the resource sector with experience in the development and operation of mining and infrastructure projects, governance, risk and compliance, mergers and acquisition, land management, and contracting and procurement. Ms. Twiss joined Sandfire Resources Ltd. of Australia in 2011 during the construction of its DeGrussa copper-gold mine. She oversees the legal, risk, compliance, procurement and internal audit functions for Sandfire Resources Ltd.

The company would like to thank both Mr. Fitzgerald and Mr. Scargill for their services and wishes them all the best in their future endeavours.

We seek Safe Harbor.