26 September 2023

Golden Metal Resources plc

('Golden Metal' or the 'Company')

Appointment of J.T Starzecki to Board of Directors

Golden Metal Resources plc (LON:GMET), an AIM-listed mineral exploration company focused on tungsten, gold, copper and silver within Nevada, USA, announces the appointment of Mr. J.T Starzecki as a Non-Executive Director.

Biography:

Mr. Jason Thomas ("J.T") Starzecki is a Minneapolis, Minnesota, based global business executive, with extensive experience in the junior mining and minerals space focussed on market development, capital raising, project finance, U.S. government affairs, business strategy, and product placement.

He is currently the Chief Marketing Officer (CMO) of 5E Advanced Materials ("5E") a Nasdaq listed development and near-term mining company that is positioned to become a vertically integrated leader in Boron⁺ advanced materials with their boron resource located in Southern California. At 5E he is responsible for leading various capital markets activities for the company, developing and leading the business strategy relating to the near-term production of boric acid, lithium and Boron⁺ materials, as well as managing government relations including non-dilutive U.S. government funding.

Mr Starzecki has been a board advisor/member to various junior mining companies focused on various minerals including, gold, silver, magnesite, kaolin, and nickel.

He holds a Bachelor of Arts degree in Accounting from St. John's University located in Collegeville, Minnesota, U.S.

Management Changes

Mr. Starzecki is replacing Scott Richardson Brown. Mr. Richardson Brown has helped guide the Company through the admission process and provided valuable assistance over the past several months as Golden Metal has started its life as a public company.

The appointment of Mr. Starzecki reflects Golden Metal's growing presence within the U.S. which also includes the planned listing of the Company on the OTCQB market, expected to be completed within the coming weeks.

Oliver Friesen, CEO of Golden Metal, commented: 

"I am delighted to welcome J.T to Golden Metal's board of directors. As our commercial and corporate presence in the U.S. continues to grow, it is very important that this is reflected in our board composition."

"Mr Starzecki has a rare skillset that we believe blends well with the current Golden Metal team and most importantly his board appointment reflects the current direction of the Company as we continue to advance our 100% owned Pilot Mountain Project, which hosts what is believed to be the largest undeveloped tungsten resource on U.S. soil."

"I would also like to thank Scott on behalf of the board and all the shareholders for his valuable advice during his time with the Company."

J.T Starzecki, Non-executive Director of Golden Metal, commented: 

"I am delighted to be joining Golden Metal Resources' board of directors. With a background in capital markets, commercial, and overall business strategy I've spent almost two decades advancing and building various global mining projects. I welcome the opportunity to bring my 17 years' experience to the Company as we look to advance our flagship Pilot Mountain Project in Nevada."

Regulatory Disclosures:

The following information is disclosed pursuant to Rule 17 and Schedule Two paragraph (g) of the AIM Rules for Companies in relation to Mr. Starzecki, aged 49:

Mr. Starzecki does not hold any shares in Golden Metal.

There is no further information to be disclosed pursuant to paragraph (g) of Schedule 2 of the AIM rules.

For further information visit www.goldenmetalresources.com or contact the following:

The Projects:

Pilot Mountain Project

The Pilot Mountain project is an advanced exploration and mineral resource definition stage project located in Mineral County in western Nevada. The project covers an area of 14.80 km2 (3,656.1 acres) and is located 200km southeast of Reno and 18km east of Mina, Nevada. It is well situated for the supply of power, water and skilled labour and proximity to transport infrastructure in Mineral County and is centred around four existing mineral deposits: Garnet; Good Hope; Gunmetal and Desert Scheelite, all of which possess significant skarn-style tungsten-copper-silver-zinc mineralisation. The Pilot Mountain project consists of 176 active lode mining claims and 4 filed mill site claims. The four mill site claims filed at the former Dunham mill site have secure access to groundwater supply sufficient for the proposed project.

Kibby Basin Lithium Project

The Kibby Basin Project covers two claim packages which are prospective for lithium brine mineralisation. The southern claim package is less than 250m from a 2022 drillhole which returned a significant interval (169m) of lithium brine mineralisation which was determined to be open in all directions. The Project is less than 5km to the southeast of the Company's flagship Pilot Mountain Project.

Golconda Summit Project

Golden Metal is the operator of the Golconda Summit project, which is held under an earn-in right to acquire up to 100 per cent. of the project from the mineral claim owner pursuant to an option agreement. The Golconda Summit project is an exploration stage gold and silver project located in Humboldt County and situated at the confluence of the Getchell and Battle Mountain - Eureka metallogenic trends, and consists of 44 lode mining claims, covering a total area of approximately 3.22 km2 (795.4 acres) located approximately 27km east of Winnemucca.

Garfield Project

The Garfield project is an early exploration stage copper, gold and silver property consisting of 39 lode mining claims covering 3.23 km2 (797.9 acres) located in Mineral County, Nevada, approximately 14km due east of the town of Hawthorne and 120km due west-northwest of Tonopah.

Stonewall Project

The Stonewall project is an exploration stage gold-silver property prospective for epithermal gold-silver mineralisation. The property consists of 19 lode mining claims covering 1.59 km2 (392.5 acres) located on the northern flank of Stonewall Mountain, on the western edge of the Nellis Airforce Range Restricted Access Area, in Nye County, Nevada, approximately 24km south-east of the historic gold mining town of Goldfield and 60km due south of Tonopah.