AEX Appointment of New Chief Financial Officer

TORONTO, ON / ACCESSWIRE / January 26, 2021 / AEX Gold Inc. (“AEX” or the “Corporation”) (TSXV:AEX), announces that Jaco Crouse has been appointed as the new Main Fiscal Officer (“CFO”) of AEX powerful promptly, changing George Fowlie who has stepped down as the CFO but stays on the Board as a Director. The Board intends to suggest Mr. Crouse as a director of the Enterprise at the subsequent annual normal meeting.

Mr. Crouse is a seasoned mining government with approximately 20 years’ working experience in fiscal management, mine economical organizing, organization optimization and approach progress. He most just lately occupied the posture of CFO of Detour Gold Corp., exactly where he facilitated the prosperous economic and operational turnaround and sale of the company to Kirkland Lake Gold for US$3.7 billion. Prior to that, Mr. Crouse was Main Economic Officer & Vice President-Finance of Triple Flag Mining Finance Ltd., (“Triple Flag”) a Toronto-based mostly non-public metal streaming business. From 2015-2016 Mr. Crouse was Vice President Small business Setting up & Optimization at Barrick Gold Corp. the place he was instrumental in resetting the expense construction and bettering the funds allocation self-control to provide absolutely free hard cash stream enhancements from underperforming property all through a period of minimal gold selling prices.

Mr. Crouse started his vocation in mining in 2002 at Xstrata Alloys, the world’s largest ferrochrome producer, and went on to be a part of Xstrata Nickel in 2007 (soon after the acquisition of Falconbridge) to combine and enhance the nickel company device, in the course of which time he worked extensively in the Canadian business enterprise device of Xstrata Nickel. He also worked as an Asset Supervisor at Glencore subsequent its merger with Xstrata in 2013 and was liable for integrating their nickel promoting workplaces. Mr. Crouse is a Chartered Professional Accountant (Ontario), a Chartered Accountant (South Africa), and a certified Monetary Threat Supervisor (FRM) with a BComs (Honours) in Accounting Sciences from the University of South Africa.

Eldur Olafsson, Founder and Main Government Business office of AEX Gold, commented:

“On behalf of the board, I would like to welcome Jaco Crouse to the AEX Gold crew. Jaco delivers with him important market and financial practical experience which will be vital as we continue our development towards recommencing functions at the Nalunaq Gold Mine and going into manufacturing.”

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About AEX

AEX’s principal small business targets are the identification, acquisition, exploration and advancement of gold qualities in Greenland. The Corporation’s principal asset is a 100% interest in the Nalunaq Undertaking, an sophisticated exploration stage assets with an exploitation license including the previously operating Nalunaq gold mine. The Corporation has a portfolio of gold belongings covering 3,870 km2, the biggest portfolio of gold assets in Southern Greenland covering the two known gold belts in the area. AEX is integrated under the Canada Enterprise Corporations Act and wholly owns Nalunaq A/S, integrated underneath the Greenland General public Firms Act.

www.aexgold.com

Ahead-Searching Information

This push launch contains forward-hunting data inside the meaning of relevant securities laws, which reflects the Corporation’s existing anticipations with regards to long run events and the long run progress of the Corporation’s enterprise. In this push release there is forward-searching information and facts dependent on a selection of assumptions and topic to a selection of pitfalls and uncertainties, lots of of which are further than the Corporation’s command, that could bring about real effects and functions to differ materially from those that are disclosed in or implied by these forward-seeking details. These dangers and uncertainties include things like but are not minimal to the things talked over underneath “Risk Factors” in the Ultimate Prospectus out there below the Corporation’s profile on SEDAR at www.sedar.com. Any forward-seeking details involved in this press release is primarily based only on information and facts at the moment offered to the Corporation and speaks only as of the day on which it is produced. Other than as expected by relevant securities guidelines, the Company assumes no obligation to update or revise any ahead-seeking data to mirror new circumstances or gatherings. No securities regulatory authority has both accredited or disapproved of the contents of this push launch. Neither TSX Undertaking Trade nor its Regulation Expert services Service provider (as that term is outlined in procedures of the TSX Venture Trade) accepts responsibility for the adequacy or precision of this release.

Inside Information

This announcement consists of inside of info as stipulated below the Current market Abuse Regulation (EU) No. 596/2014 (“MAR”).

Resource: AEX Gold Inc.

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