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Resouro Announces Changes in Composition of Board of Directors

Management Changes

Resouro Announces Changes in Composition

of Board of Directors

Toronto, Ontario--(Newsfile Corp. - July 21, 2023) -

Resouro Gold Inc.

(TSXV: RAU) (FSE: BU9)

("

Resouro

" or the "

Company

") is pleased to announce that the Company has bolstered its Board of

Directors (the "Board") by appointing Ms. Anne Landry and Mr. Justin Clyne.

Both Ms Landry and Mr Clyne are highly experienced Company directors with a history of relevant public

company and industry experience who bring a wealth of knowledge and expertise, aligning with the

Company's strategic goals and vision.

Ms. Anne Landry

Ms Landry is an international finance professional with experience in financial structuring, investments

and strategy. She has been responsible for the oversight and bankable structuring of projects in various

sectors, including mining, and with financial institutions and multilateral organizations worldwide. She

holds a Bachelor of Commerce from McGill University, a Masters of Business Administration from Institut

Supérieur de Gestion in Paris and is a CFA charterholder.

Mr. Justin Clyne

Mr Clyne is an Australian based company director and company secretary for public-listed and unlisted

companies. He has significant experience and knowledge in international law and corporate regulatory

requirements. Justin was admitted as a solicitor of the Supreme Court of New South Wales and High

Court of Australia in 1996 before gaining admission as a barrister in 1998. Over the past 16 years,

Justin has dedicated himself full time to the provision of corporate advisory and related services for

listed entities primarily in the Australian and North American markets from incorporation through to

takeovers and other large corporate transactions. He holds a Master of Laws in International Law from

the University of New South Wales. He is also a qualified Chartered Company Secretary and a Member

of the Australian Institute of Company Directors.

Additionally, Resouro announces that effective immediately, Mr. Ricardo Rossin has resigned from the

Board.

"The addition of Justin Clyne and Anne Landry further strengthens the expertise and knowledge base of

the Board of Directors at Resouro. Their strategic guidance will play a pivotal role in shaping the future of

the company and ensuring its long-term success. The Board looks forward to working with these two new

directors," commented President and CEO Christopher Eager. "The Board would also like to thank

Ricardo for his vital role with the company through its nacent stages and wish him well in his future

endeavours."

About Resouro Gold Inc.

Resouro is a Canadian-based mineral exploration and development company focused on the discovery

and advancement of economic mineral projects in Brazil, including the Tiros Titanium-REE Project in

Minas Gerais and the Novo Mundo Gold Project in Mato Grosso. Learn more about the Company on its

website:

https://resouro.com

.

On behalf of the Board of Directors,

Chris Eager, President & CEO

RESOURO GOLD INC.

For further information, please contact the Company at:

Chris Eager, CEO

[email protected]

For Investor inquiries

[email protected]

416-642-1807

Disclaimer

This news release contains certain "forward-looking information" within the meaning of applicable

securities law. Forward-looking information is frequently characterized by words such as "plan",

"expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements

that certain events or conditions "may" or "will" occur. In particular, forward-looking information in this

press release includes, but is not limited to, statements with respect to the completion of the titanium-

REE project acquisition and the intended use of the proceeds from the Offering. Although we believe

that the expectations reflected in the forward-looking information are reasonable, there can be no

assurance that such expectations will prove to be correct. We cannot guarantee future results,

performance or achievements. Consequently, there is no representation that the actual results

achieved will be the same, in whole or in part, as those set out in the forward-looking information.

Forward-looking information is based on the opinions and estimates of management at the date the

statements are made and are subject to a variety of risks and uncertainties and other factors that

could cause actual events or results to differ materially from those anticipated in the forward-looking

information. Some of the risks and other factors that could cause the results to differ materially from

those expressed in the forward-looking information include, but are not limited to: general economic

conditions in Canada and globally; industry conditions, including governmental regulation and

environmental regulation; failure to obtain industry partner and other third party consents and

approvals, if and when required, including obtaining final acceptance from of the TSXV; the

availability of capital on acceptable terms; the need to obtain required approvals from regulatory

authorities; stock market volatility; liabilities inherent in the mining industry; competition for, among

other things, skilled personnel and supplies; incorrect assessments of the value of acquisitions;

geological, technical, processing and transportation problems; changes in tax laws and incentive

programs; failure to realize the anticipated benefits of acquisitions and dispositions; and the other

factors. Readers are cautioned that this list of risk factors should not be construed as exhaustive.

The forward-looking information contained in this news release is expressly qualified by this

cautionary statement. We undertake no duty to update any of the forward-looking information to

conform such information to actual results or to changes in our expectations except as otherwise

required by applicable securities legislation. Readers are cautioned not to place undue reliance on

forward-looking information.

The TSX Venture Exchange has neither approved nor disapproved the contents of this press release.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the

policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this

release.

To view the source version of this press release, please visit

https://www.newsfilecorp.com/release/174379