Appointment of New Chief Executive Officer

Alex Gostevskikh has stepped down from his role as Interim CEO to pursue other business interests. The Board expressed its gratitude, noting that under his guidance Karus achieved significant growth and strengthened its foundation following the integration of Theia. Mr. Bahnsen will focus on capital raising, pursuing a Canadian stock exchange listing, and developing the South Cariboo and Mineral Creek properties.

Mr. Bahnsen is a Canadian-Australian mining engineer with more than 35 years in natural resources. His experience includes underground mine contracting in Canada, Indonesia and Australia; production roles at gold operations; feasibility work with Rio Tinto; approximately 15 years in investment banking on resource transactions; and CEO positions at private and public resource companies. He holds a B.Sc. in Mining Engineering from Queen's University and an MBA from the University of New England, Australia.