Mr. Evan Cranston reports
BENZ APPOINTS CHIEF EXECUTIVE OFFICER
Benz Mining Corp. has promoted Mark Lynch-Staunton to chief executive officer. Since joining Benz as chief development officer in December, 2023, Mr. Lynch-Staunton has played a pivotal role in advancing Benz's strategic initiatives and expanding its portfolio of high-quality gold assets, particularly with the recent acquisitions of the Glenburgh gold project and the Mount Egerton gold project, located in Western Australia, from Spartan Resources Ltd., as announced on Nov. 6, 2024.
Mr. Lynch-Staunton's extensive experience spans over 15 years in metals and mining, with a distinguished record in exploration, feasibility studies and project development. His past work includes senior management roles at Barrick Gold Corp., where he led large multidisciplinary teams on some of the world's largest mineral deposits, including overseeing the feasibility and recommissioning of the multimillion-ounce Bulyanhulu gold mine.
Mr. Lynch-Staunton commented on his new role: "I am excited to step into the CEO role and lead Benz through this important growth phase. Our new assets in Western Australia, combined with our existing projects in Quebec, provide a unique opportunity to drive substantial value for our shareholders. I look forward to building on the progress we have made and working with our talented team to unlock the full potential of Benz's world-class portfolio."
Benz executive chairman, Evan Cranston, commented on the appointment: "Mark's leadership and strategic insight have been vital to Benz's recent achievements. His appointment as CEO is a natural progression for both Mark and Benz, and we are confident his proven experience in exploration and mine development will continue to drive the company's growth. The board extends its congratulations to Mark Lynch-Staunton on his well-deserved appointment as CEO and looks forward to the continued development of Benz's premier gold assets under his leadership."
Mr. Lynch-Staunton's remuneration package, including base salary, incentive components and any performance-based equity arrangements, are detailed in Appendix 1.
The company has also agreed to issue in aggregate a total of two million options to certain consultants of the company. All were granted in accordance with the company's omnibus equity incentive compensation plan and are in accordance with policies of the TSX Venture Exchange. These options have an exercise price of 25 cents and expire two years from their date of grant.
About Benz Mining Corp.
Benz Mining is a pure play gold exploration company dual listed on the TSX Venture Exchange and Australian Securities Exchange. The company owns the Eastmain gold project in Quebec, with a National Instrument 43-101 and JORC (2012) compliant mineral resource of 1,005,000 ounces at 6.1 grams per tonne gold, showcasing Benz's focus on high-grade, high-margin assets in premier mining jurisdictions.
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