SYDNEY, AUSTRALIA: Indiana Resources Limited (ASX: IDA) announced Richard Maish has been appointed as Chief Executive Officer with immediate effect.

Richard is a highly experienced investment banking executive, with a strong background in the resources sector.

With a BA majoring in Economics & Economic History from UNSW, Richard began a career with NAB, progressing to Executive in the NSW Structured & Project Finance Division. Richard was then a founding member of CIBC Wood Gundy’s Australian presence and a Director of CIBC’s Global Mining Group.

Since 2012 Richard has been an Executive & CFO for Australian Mineral & Waterwell Drilling (AMWD), a drilling services business that aligns itself strategically with its clients to partner on mineral
exploration opportunities.

Richard is also a founding shareholder and an Executive & CFO of Bacchus Resources Pty Ltd, which owns an advanced exploration and mining development project in the Northern Territory, along with earlier stage exploration projects in NSW & QLD.

Bacchus Resources, through its association with AMWD, owns strategic positions in a number of ASX listed
exploration companies, of which Indiana Resources Ltd is one.
In addition, Mr David Ward has been appointed as a Non-Executive Director with immediate effect.

David is the Chief Geologist and a shareholder of Bacchus Resources Pty Ltd with an extensive career with resources including Newcrest Mining, Clancy Exploration Ltd and Tellus Resources Ltd.

David brings to the Board an extensive background in the exploration sector, combined with a strong commercial perspective on driving exploration value creation.

David is also a Non-Executive Director of Coolabah Metals Ltd, in which Bacchus Resources is the largest shareholder.

Directors Felicity Repacholi-Muir and Mike Rosentreich have both resigned from their roles with immediate effect to enable the management and board transition.