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APPOINTMENT OF INDEPENDENT NON-EXECUTIVE DIRECTOR

1. Hot Chili appointed Fiona Van Maanen as Independent Non-Executive Director. 2. Van Maanen brings 30 years of mining industry executive experience. 3. She will chair the Audit & Risk Committee at Hot Chili. 4. Her election will be voted at the 2025 Annual General Meeting.

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Why Bullish?

Appointing an experienced director may enhance governance, potentially boosting investor confidence. Similar moves in mining have historically led to positive market reactions.

How important is it?

The appointment strengthens leadership, directly influencing operational and financial decisions, thus impacting stock performance.

Why Long Term?

The strategic appointment can have lasting benefits on corporate governance and risk management, essential for growth.

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PERTH, Australia, March 17, 2025 /PRNewswire/ -

Hot Chili Limited (ASX: HCH) (TSXV: HCH) (OTCQX: HHLKF) ("Hot Chili" or the "Company") is pleased to announce that the Company has appointed experienced and well-regarded Australian mining executive, Mrs Fiona Van Maanen, to the Board of Hot Chili as an Independent Non-Executive Director. The appointment is effective from the date of this announcement.

Mrs Van Maanen is a highly accomplished company director with over 30 years of progressive executive experience in corporate governance, financial management, and accounting in the mining industry. She has worked for companies who have had a diverse range of mineral projects spanning exploration, development and production environments.

Mrs Van Maanen is currently Non-Executive Director of Westgold Resources Limited (ASX: WGX), Wildcat Resources Limited (ASX: WC8) and Pantoro Limited (ASX: PNR).

As part of her role with Hot Chili, Mrs Van Maanen will Chair the Company's Audit & Risk Committee.

Mrs Van Maanen will stand for election as a director of the Company at the Company's 2025 Annual General Meeting.

This announcement was approved and authorised for release by the Board of Hot Chili.

For further information, please contact:

Christian Easterday
Managing Director & CEO – Hot Chili
Tel: +61 8 9315 9009
Email: [email protected]

Carol Marinkovich
Company Secretary – Hot Chili
Tel: +61 8 9315 9009
Email: [email protected]

Graham Farrell
Investor & Public Relations
Email: [email protected]

or visit Hot Chili's website at www.hotchili.net.au

SOURCE Hot Chili Limited

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