Appointment of Highly Experienced Mining Executive to the Board Mr. Paul Richardson Appointed Non-Executive Director
ABN: 32 072 871 133
Central Iron Ore Limited
Suite 1, Level 2, 49-51 York Street, Sydney NSW Australia 2000
Tel. +61 2 9397 7521
NEWS RELEASE Symbol: CIO-TSXV
October 16, 2025 For Immediate Dissemination
Appointment of Highly Experienced Mining
Executive to the Board
Mr. Paul Richardson Appointed Non-Executive Director
VANCOUVER, BRITISH COLUMBIA – (GLOBE NEWSWIRE – October 16, 2025) Central
Iron Ore Limited (CIO – TSX.V) (“CIO” or “the Company”) is pleased to announce the
appointment of Mr. Paul Richardson as a director, effective immediately.
Mr. Richardson has 43 years of experience in mining and mineral process operations
including operational experience in Gold, Nickel, Phosphate, Lead, Zinc, Tin, Tantalite and
Copper ores.
Operations involved open pit and underground mining, including mineral processing
by flotation, gravity, electrostatic, magnetic, CIL and dump Leach methods.
This includes 36 years in managerial experience as Superintendent, Resident Manager, General
Manager and Project Director roles.
His Qualifications include C.N.A.A. B.Sc (Hons) Mineral Processing Technology , Associate
of the Camborne School of Mines, UK.
CIO chairman Richard Homsany commented:
“We are delighted to welcome Paul to the board at such an important time in the
growth of CIO. His deep operational experience in mining projects in Gold will
help unlock the significant potential of our South Darlot Gold Project.”
On behalf of the Board of Directors
CENTRAL IRON ORE LIMITED
“David Deitz”
____________________________
David Deitz, Director/CEO
For further information, please contact:
www.centralironorelimited.com
Investor and Media Inquiries:
Direct: +61 2 9397 7521
Email: [email protected]
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO UNITED STATES SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES.
Cautionary Note Regarding Forward-Looking Statements
This news release contains forward-looking information within the meaning of Canadian securities laws. Although
the Company believes that such information is reasonable, it can give no assurance that such expectations will
prove to be correct. Forward-looking information is typically identified by words such as: believe, expect, anticipate,
intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. The
Company cautions investors that any forward-looking information provided by the Company is not a guarantee of
future results or performance, and that actual results may differ materially from those in forward looking information
as a result of various factors, including, but not limited to, the state of t he financial markets for the Company’s
equity securities, the state of the market for iron ore or other minerals that may be produced generally, recent
market volatility; variations in the nature, quality and quantity of any mineral deposits that may be lo cated, the
Company's ability to obtain any necessary permits, consents or authorizations required for its activities, to raise the
necessary capital or to be fully able to implement its business strategies and other risks associated with the
exploration and development of mineral properties. The reader is referred to the Company's disclosure documents
for a more complete discussion of such risk factors and their potential effects, copies of which may be accessed
through the Company’s page on SEDAR at www.sedar.com.