Medallion Announced Board Changes
October 27, 2023
Medallion Resources Ltd | Suite 410 – 325 Howe Stre et | Vancouver, BC V6C 1Z7, CANADA
PRESS RELEASE - FOR IMMEDIATE RELEASE
MEDALLION ANNOUNCED BOARD CHANGES
Vancouver, BC. October 27, 2023 – Medallion Resourc es Ltd. (TSX-V: MDL; OTCQB:
MLLOF; Frankfurt: MRDN) – “Medallion” or the “Compa ny”) announced today that Rod
McKeen and Andrew Morden have resigned from the Board of Directors, effective immediately.
Mark Saxon, a current Director, will assume the role of Chairman. The Company also
announces the appointment of John C. (“JC”) Cunningham as Director.
Mr. Cunningham currently serves as the President of VLP Inc., a renowned consulting firm
specializing in navigating the intricacies of the public markets. Under his stewardship, VLP Inc.
has earned a reputation as a trusted partner for companies seeking to optimize their
performance, achieve strategic objectives, and enhance shareholder value.
The Company sincerely thanks Mr. McKeen and Mr. Morden for their invaluable contribution
over many years and wishes them all the best in their future endeavors.
Gabriel Alonso, CEO commented “both personally and on behalf of the Medallion Board, I thank
Rod and Andrew for their tireless support of the Company over the past decade. I welcome JC
to the Board as we embark on a new phase of growth.”
ABOUT MEDALLION RESOURCES LTD.
Medallion Resources (TSX-V: MDL; OTCQB: MLLOF; Frankfurt: MRDN) has developed a
proprietary process and related business model to achieve low-cost extraction of rare earth
elements from monazite, a phosphate mineral that is a common byproduct of heavy mineral
sand operations.
REEs are critical inputs to electric and hybrid vehicles, robotics, electronics, imaging systems,
wind turbines, and strategic defense systems. Medallion is committed to following best practices
and accepted international standards in all aspects of mineral transportation, processing, and
the safe management of waste materials. Medallion utilizes the Life Cycle Assessment
methodology to support investment and process decision-making.
More about Medallion can be found at www.mdl-innovations.com .
Contacts
Gabriel Alonso-Mendoza , Interim CEO
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+1 212 970 1963 | [email protected]
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policies of the TSX Venture Exchange) accepts respo nsibility for the adequacy or accuracy of this
release.
Medallion management takes full responsibility for the content of and has prepared this news release. Some of
the statements contained in this release are forwar d-looking statements, such as statements regarding its
rights to commercialization of technologies and opp ortunities for expansion of the technology portfoli o in the
future, and any statements that describe Medallion’ s plans with respect to general strategic matters a nd the
advancement of its business plan, and Medallion’s a bility to advance and commercialize its technology
platforms and negotiate commercial agreements with third parties.
Forward-looking statements are frequently, but not always, identified by words such as "expects," "ant icipates,"
"believes," "intends," "estimates," "potential," "p ossible," "projects," "plans," and similar expressi ons, or
statements that events, conditions or results "will ," "may," "could," or "should" occur or be achieved or their
negatives or other comparable words. Since forward -looking statements address future events and condi tions,
by their very nature, they involve inherent risks a nd uncertainties, including the risks related to ma rket
conditions and regulatory approval and other risks outlined in the Company’s management discussions an d
analysis of financial results. Actual results in ea ch case could differ materially from those currentl y anticipated
in these statements. These forward-looking statemen ts are made as of the date of this press release, a nd,
other than as required by applicable securities law s, Medallion disclaims any intent or obligation to update
publicly any forward-looking statements, whether as a result of new information, future events or resu lts or
otherwise, except as required pursuant to applicable laws.