Pasinex Appoints New CFO

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Pasinex Appoints New CFO

TORONTO, ON – July 9, 2019 – Pasinex Resources Limited (CSE: PSE) (FSE: PNX)

(The “Company” or “Pasinex”) announced today the appointment of Mr. Andrew Gottwald

as Chief Financial Officer.

Steve Williams, President and Chief Executive Officer of Pasinex, commented, “I am very

pleased that Mr. Gottwald has joined us as CFO as he brings a wealth of relevant

experience to the company. I look forward to working with Mr. Gottwald particularly as we

continue to work with the challenges in our Turkey business. I am confident that this will

be a positive step for the future growth of the company.”

Mr. Andrew Gottwald, CPA, CA has over twenty years of experience in the financial

services industry, including senior management positions with various publicly listed

mining companies.

Mr. Gottwald served as the Chief Financial Officer of Torex Gold Resources Inc. from

January 2010 until April 2014 where he contributed to the transition of Torex's Morelos

Gold Property from its exploration stage through to the beginning of its development. Mr.

Gottwald was responsible for ensuring the project was fully financed including equity and

debt financings in excess of $1 billion, management of the company’s strategic planning

processes and development and implementation of accounting, reporting and procedural

systems appropriate for the growth of the entity.

Mr. Gottwald held various senior management positions with Tahera Diamond

Corporation from January 2001 until June 2009 including, Chief Financial Officer and

Executive Vice President of Finance and Chief Restructuring Officer. He served as the

Chief Financial Officer of Homeland Energy Group Ltd. from April 2009 to September 30,

2009. Mr. Gottwald is a Chartered Accountant and also holds a Degree in Statistical

Sciences from the University of Western Ontario.

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About Pasinex

Pasinex Resources Limited is a Toronto -based mining company which owns 50% of the

producing Pinargozu high grade zinc mine and, under a Direct Shipping Program, sells to zinc

smelters / refiners from its mine site in Turkey. The Company also holds an option to acquire 80%

of the Spur high-grade zinc exploration project in Nevada. Pasinex has a strong technical

management team with many years of experience in mineral exploration and mining project

development. The mission of Pasinex is to build a mid-tier zinc company based on its mining and

exploration projects in Turkey and Nevada.

Visit our web site at: www.pasinex.com

On Behalf of the Board of Directors

PASINEX RESOURCES LIMITED

“Steve Williams”

Steve Williams Evan White

President/CEO Manager of Corporate Communications

Phone: +1 416.861.9659 Phone: +1 416.906.3498

Email: [email protected] Email: [email protected]

The CSE does not accept responsibility for the adequacy or accuracy of this news release.

This news release includes forward-looking statements that are subject to risks and uncertainties. Forward-

looking statements involve known and unknown risks, uncertainties, and other factors that could cause the

actual results of the Company to be materially different from the historical results or from any future results

expressed or implied by such forward-looking statements.

All statements within, other than statements of historical fact, are to be considered forward looking. Although

Pasinex believes the expectations expressed in such forward-looking statements are based on reasonable

assumptions, such statements are not guarantees of future performance and actual results or

developments may differ materially from those in forward-looking statements. Factors that could cause

actual results to differ materially from those in forward-looking statements include market prices, continued

availability of capital and financing, exploration results, and general economic, market or business

conditions. There can be no assurances that such statements will prove accurate and, therefore, readers

are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to

update any forward-looking statements.