Perpetua Further Strengthens Leadership Team as Development of the Stibnite Gold Project Advances Perpetua brings additional expertise and depth of experience to manage and deliver the Stibnite Gold Project BOISE, ID – Perpetua Resources Corp. (Nasdaq: PPTA / TSX: PPTA) (“Perpetua Resources” or "Per
405 S 8th Street #201, Boise, ID 83702
NEWS RELEASE
December 5, 2025
Perpetua Further Strengthens Leadership Team as Development of the Stibnite
Gold Project Advances
Perpetua brings additional expertise and depth of experience to manage and deliver the Stibnite Gold
Project
BOISE, ID – Perpetua Resources Corp. (Nasdaq: PPTA / TSX: PPTA) (“Perpetua Resources” or "Perpetua"
or the "Company") today announced key additions to the Company’s leadership team, bringing on
accomplished industry leaders as the Company continues Early Works construction of the Stibnite Gold
Project ahead of a final investment decision expected in the spring of 2026. Perpetua is excited to
welcome Jim Norine as Senior Vice President Projects, Tim Kahl as Senior Vice President Technical
Services, Dustin Rissmiller as Vice President Human Resources and Joe Fazzini as Vice President Investor
Relations. Collectively, the newest team members bring several decades of expertise and diverse
experiences that will help Perpetua bring its gold and antimony project in central Idaho to life.
“Our team at Perpetua Resources has always been central to our success,” said Jon Cherry, President &
CEO of Perpetua Resources. “As we enter our next chapter, we are focused on having the right leaders
around the table to help us bring the Stibnite Gold P roject online, secure American antimony, restore
the site and bring new economic opportunities to rural Idaho. We are honored to welcome some of the
brightest minds in the industry to Perpetua Resources. They are committed to our vision and ensuring
we deliver on our promises.”
Jim Norine joins the Company as Senior Vice President Projects with over 25 years of experience in
project construction and engineering, delivering large -scale projects throughout the United States and
internationally. Of significant advantage to Perpetua, Mr. Norine brings a track -record of success in
delivering multiple mining and processing projects. Before joining Perpetua, Mr. Norine served as
Regional Director, Metals, Western (USA) at Hatch Engineering, Ltd., a global multidisciplinary
management, engineering and development consultancy firm. Most recently in his time at Hatch, Mr.
Norine served in the role of the Project Director for delivery of the Engineering and Procurement of the
Hermosa Project in Arizona under an integrated delivery method. Previously in his career, Mr. Norine
held positions at Ausenco Engineering USA, as Vice President Southwest USA, Sundt Construction as
Senior Project Manager and at M3 Engineering as Project Manager. He holds a professional engineering
license (PE) in the state of Idaho.
Tim Kahl joins the Company as Senior Vice President Technical Services with over 30 years of experience
in design, construction, commissioning, and operating complex mining and process operations .
Throughout his career in North and South America, Mr. Kahl has stewarded projects through
construction, commissioning, and into operations and brings invaluable operational readiness
experience with both precious and base metal operations. Mr. Kahl has served as a consultant to
Perpetua for nearly two years as the operations lead and subject matter expert for processing and
Pressure Oxidation. He was most recently the General Manger Operations for Pe ñasquito (Newmont)
in Mexico, and the Process Manager for Pueblo Viejo (Barrick) in the Dominican Republic.
Responsible Mining. Critical Resources. Clean Future.
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Dustin Rissmiller, Perpetua’s Vice President of Human Resources, brings vast experience in building and
managing teams across mining and energy projects in domestic and international settings. Mr.
Rissmiller’s years of experience in talent acquisition will lend immediate value to Perpetua as the
Company grows its team to meet the demands of construction.
Joe Fazzini, CA, CPA, CFA joins the Perpetua team as Vice President of Investor Relations after 15 years
working in both corporate and capital markets roles. Mr. Fazzini brings a diverse background including
institutional equity sales, mining equity research and executive management roles at mineral
development companies across the Americas. Given his extensive experience in investor engagement
and equity sales, Joe’s role will focus on direct engagement with global institutional and retail investors.
Michael Wright, Vice President of Projects, submitted his resignation on December 3, 2025 for personal
family reasons. He and the Company have entered into a consulting agreement for Mr. Wright to provide
continuing Project development support through earl y March 2026. The Company thanks Mr. Wright
for his leadership in moving the Stibnite Gold Project through the development of a highly -qualified
owner’s delivery team and the completion of Basic Engineering. Over the last 2 years, Mr. Wright’s work
as Vice President Projects has supported Perpetua Resources in successfully raising over $800 million in
equity and in commencing Early Works construction which began in October 2025.
About Perpetua Resources and the Stibnite Gold Project
Perpetua Resources Corp., through its wholly owned subsidiaries, is focused on the exploration, site
restoration and redevelopment of gold -antimony-silver deposits in the Stibnite -Yellow Pine district of
central Idaho that are encompassed by the Stibnite Gold Project. The Stibnite Gold Project is one of the
highest-grade, open pit gold deposits in the United States and is designed to apply a modern,
responsible mining approach to restore an abandoned mine site and produce both gold and the only
mined source o f a n t i m o n y i n t h e U n i t e d S t a t e s . A n t i m o n y t r i s u l fi d e f r o m S t i b n i t e i s t h e o n l y k n o w n
domestic reserve of antimony that can meet U.S. defense needs for many small arms, munitions, and
missile types.
For more information, visit www.perpetuaresources.com.
Contacts:
Joe Fazzini
Vice President, Investor Relations
Chris Fogg
Investor Relations Manager
Mckinsey Lyon
Vice President External Affairs
FORWARD-LOOKING STATEMENTS
Statements contained in this news release that are not historical facts are "forward -looking information"
or "forward-looking statements" (collectively, "Forward-Looking Information") within the meaning of
applicable Canadian securities legislation and the United States Private Securities Litigation Reform Act
of 1995. Forward-Looking Information includes, but is not limited to, the Company’s ability to
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successfully reach final investment decision within the anticipated timeframe, or at all; our ability to
successfully implement and fund the Project; and the occurrence of the expected benefits from the
Project. In certain cases, Forward-Looking Information can be identified by the use of words and
phrases or variations of such words and phrases or statements such as "anticipate", "expect", "plan",
"likely", "believe", "intend", "forecast", "project", "estimate", "potential", "could", "may", "will", "would"
or "should". In preparing the Forward-Looking Information in this news release, Perpetua Resources has
applied several material assumptions, including, but not limited to, that the current financing,
exploration, development, environmental and other objectives concerning the Project can be achieved
and that its other corporate activities will proceed as expected; and that general business and economic
conditions will not change in a materially adverse manner and that construction and operations costs
will not materially increase. Forward-Looking Information involve known and unknown risks,
uncertainties and other factors which may cause the actual results, performance or achievements of
Perpetua Resources to be materially different from any future results, performance or achievements
expressed or implied by the Forward-Looking Information. Such risks and other factors include, among
other things, risks related to unforeseen delays in the review and permitting process, including as a
result of legal challenges to the ROD or other permits; risks related to opposition to the Project; risks
related to increased or unexpected costs in operations or the permitting process; risks that necessary
financing will be unavailable when needed on acceptable terms, or at all, as well as those factors
discussed in Perpetua Resources' public filings with the U.S. Securities and Exchange Commission (the
"SEC") and its Canadian disclosure record. Although Perpetua Resources has attempted to identify
important factors that could affect Perpetua Resources and may cause actual actions, events or results
to differ materially from those described in Forward-Looking Information, there may be other factors
that cause actions, events or results not to be as anticipated, estimated or inten ded. There can be no
assurance that Forward-Looking Information will prove to be accurate, as actual results and future
events could differ materially from those anticipated in such statements. Accordingly, readers should
not place undue reliance on Forward-Looking Information. For further information on these and other
risks and uncertainties that may affect the Company's business, see the "Risk Factors" and
"Management's Discussion and Analysis of Financial Condition and Results of Operations" sections of
the Company's filings with the U.S. Securities and Exchange Commission (the "SEC"), which are
available at www.sec.gov and with the Canadian securities regulators, which are available at
www.sedarplus.ca. Except as required by law, Perpetua Resources does not assume any obligation to
release publicly any revisions to Forward-Looking Information contained in this news release to reflect
events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.