AEX Appointment of New Chief Economical 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 Chief Economic Officer (“CFO”) of AEX successful instantly, replacing George Fowlie who has stepped down as the CFO but continues to be on the Board as a Director. The Board intends to propose Mr. Crouse as a director of the Firm at the next once-a-year typical assembly.

Mr. Crouse is a seasoned mining govt with almost 20 years’ encounter in monetary administration, mine money organizing, company optimization and tactic advancement. He most not too long ago occupied the place of CFO of Detour Gold Corp., exactly where he facilitated the profitable money and operational turnaround and sale of the company to Kirkland Lake Gold for US$3.7 billion. Prior to that, Mr. Crouse was Chief Monetary Officer & Vice President-Finance of Triple Flag Mining Finance Ltd., (“Triple Flag”) a Toronto-based personal metal streaming company. From 2015-2016 Mr. Crouse was Vice President Company Preparing & Optimization at Barrick Gold Corp. the place he was instrumental in resetting the price tag composition and increasing the funds allocation self-control to provide no cost hard cash circulation advancements from underperforming property in the course of a period of very low gold rates.

Mr. Crouse started off his job in mining in 2002 at Xstrata Alloys, the world’s greatest ferrochrome producer, and went on to join Xstrata Nickel in 2007 (immediately after the acquisition of Falconbridge) to combine and enhance the nickel enterprise device, throughout which time he labored thoroughly in the Canadian organization device of Xstrata Nickel. He also labored as an Asset Manager at Glencore adhering to its merger with Xstrata in 2013 and was responsible for integrating their nickel promoting workplaces. Mr. Crouse is a Chartered Professional Accountant (Ontario), a Chartered Accountant (South Africa), and a accredited Monetary Possibility Supervisor (FRM) with a BComs (Honours) in Accounting Sciences from the University of South Africa.

Eldur Olafsson, Founder and Main Govt Office of AEX Gold, commented:

“On behalf of the board, I would like to welcome Jaco Crouse to the AEX Gold staff. Jaco brings with him sizeable sector and fiscal knowledge which will be crucial as we carry on our progress towards recommencing functions at the Nalunaq Gold Mine and transferring into generation.”


AEX Gold Inc.

Eldur Olafsson, Director and CEO

+354 665 2003

Eddie Wyvill, Investor Relations


Stifel Nicolaus Europe Minimal (Nominated Adviser and Broker)

+44 () 20 7710 7600

Callum Stewart

Simon Mensley

Ashton Clanfield

Camarco (Monetary PR)

+44 () 20 3757 4980

Gordon Poole

Nick Hennis

Emily Corridor

Even further Details:

About AEX

AEX’s principal company aims are the identification, acquisition, exploration and improvement of gold homes in Greenland. The Corporation’s principal asset is a 100% interest in the Nalunaq Challenge, an innovative exploration stage home with an exploitation license including the beforehand running Nalunaq gold mine. The Company has a portfolio of gold assets covering 3,870 km2, the largest portfolio of gold property in Southern Greenland covering the two regarded gold belts in the region. AEX is incorporated less than the Canada Business Firms Act and wholly owns Nalunaq A/S, incorporated less than the Greenland General public Companies Act.

Ahead-Seeking Details

This push release contains ahead-looking facts inside of the this means of relevant securities legislation, which demonstrates the Corporation’s present-day expectations about potential functions and the potential development of the Corporation’s company. In this press release there is ahead-hunting info centered on a range of assumptions and subject matter to a amount of challenges and uncertainties, many of which are further than the Corporation’s manage, that could lead to genuine final results and situations to differ materially from those people that are disclosed in or implied by these forward-wanting information and facts. These pitfalls and uncertainties consist of but are not constrained to the factors discussed beneath “Risk Factors” in the Final Prospectus out there underneath the Corporation’s profile on SEDAR at Any ahead-seeking info integrated in this press launch is dependent only on details presently readily available to the Company and speaks only as of the day on which it is built. Besides as essential by relevant securities guidelines, the Corporation assumes no obligation to update or revise any ahead-looking details to replicate new situation or situations. No securities regulatory authority has possibly permitted or disapproved of the contents of this push release. Neither TSX Undertaking Trade nor its Regulation Companies Supplier (as that expression is outlined in procedures of the TSX Enterprise Trade) accepts obligation for the adequacy or precision of this launch.

Inside Information and facts

This announcement consists of inside facts as stipulated underneath the Marketplace Abuse Regulation (EU) No. 596/2014 (“MAR”).

Supply: AEX Gold Inc.

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