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Changes to the Board of Directors

MELBOURNE, Australia, March 05, 2019 (GLOBE NEWSWIRE) -- Clean TeQ Holdings Limited (Clean TeQ or Company) (ASX/TSX:CLQ; OTCQX:CTEQF) is pleased to announce that Mr Shawn Wang has been appointed as a non-executive director.

Mr Wang brings a wealth of valuable business experience to the Company having engaged in cross-border mergers and acquisitions and investment in natural resources for more than 10 years.  As Head of Business Development and Investment at Pengxin International Mining Co. Ltd (Pengxin Mining), Mr Wang is responsible for all investment activities in Pengxin Mining, one of Clean TeQ’s largest shareholders. Prior to his current role, Mr Wang was the president and founder of Hillroc Capital, a natural resources fund within the Pengxin Mining group.  Mr Wang has led or participated in a number of major mining investment projects and has extensive experience in cross-border mergers and acquisitions in the mineral resources industry. Mr Wang holds a Master of Finance from the University of Essex in the United Kingdom.

Mr Li Binghan has resigned as a Director with effect from today’s date.  The appointment of Mr Wang signals the completion of Mr Li Binghan’s appointment as a Non-Executive Director of the Company.  Mr Sam Riggall, Managing Director and Chief Executive Officer, along with the entire Board thank Mr Binghan for his valuable service as a Director.

For more information, please contact:
   
Ben Stockdale, CFO and Investor Relations (Australia) +61 3 9797 6700
Evan Young, Investor Relations (North America) +1 647 808 2141

About Clean TeQ Holdings Limited (ASX/TSX: CLQ) – Based in Melbourne, Australia, Clean TeQ is a global leader in metals recovery and industrial water treatment through the application of its proprietary Clean-iX® continuous ion exchange technology.  For more information about Clean TeQ please visit the Company’s website www.cleanteq.com.

About the Clean TeQ Sunrise Project – Clean TeQ is the 100% owner of the Clean TeQ Sunrise Project, located in New South Wales. Clean TeQ Sunrise is one of the largest cobalt deposits outside of Africa, and one of the largest and highest-grade accumulations of scandium ever discovered.

About Clean TeQ Water – Through its wholly owned subsidiary Clean TeQ Water, Clean TeQ is also providing innovative wastewater treatment solutions for removing hardness, desalination, nutrient removal, zero liquid discharge. The sectors of focus include municipal wastewater, surface water, industrial waste water and mining waste water. For more information about Clean TeQ Water please visit www.cleanteqwater.com.