Gungnir Resources Inc. Announces Management and Board Changes
News Release GUG: TSX-V
ASWRF: OTCPK
February 9, 2026
GUNGNIR RESOURCES INC. ANNOUNCES MANAGEMENT AND BOARD
CHANGES
Gungnir Resources Inc. (TSX -V: GUG; OTCPK: ASWRF) (the “Company” or “Gungnir”)
announces a series of changes to its executive leadership and Board of Directors, effective
immediately.
The Company has appointed three new directors to the Board: Robert Danard, Kurt Soost, and
Michael Gheyle.
Robert Danard has been appointed Interim Chief Executive Officer, filling the vacancy created by
the resignation of Jari Paakki, former CEO and Director, effective September 30, 2025.
Todd Keast and Chris Robbins will continue to serve as directors. Mr. Robbins will also continue
in his executive role, providing continuity and strategic support during the transition period while
the Company works toward the appointment of permanent executive leadership.
Garett Macdonald, a director of Gungnir since July 2015, has resigned from the Board of
Directors, effective immediately. Mr. Macdonald will continue his relationship with Gungnir as a
consultant to support the Company during the transition period.
Mr. Macdonald is the Vice-President, Operations and General Manager at Hemlo Mining
Corporation and previously served as President and Chief Executive Officer of Maritime
Resources Corp., prior to the sale of the company to New Found Gold Corp. in November 2025.
These leadership and governance changes reflect the Company’s commitment to advancing its
exploration assets, strengthening its leadership team, and positioning Gungnir for long -term
growth and enhanced shareholder value.
Robert Danard is a seasoned entrepreneur with a track record of building, financing, and scaling
companies across multiple sectors. His expertise spans strategy, capital formation, and leadership
in both private and public markets, with experience guiding businesses from inception through
growth and exit. Known for a relationship -driven approach and disciplined execution, Robert
Danard continues to focus on opportunities that create durable, long -term value.
Michael Gheyle brings more than 30 years of experience in international capital markets, including
wealth management, derivative trading, corporate finance, institutional sales, me rgers and
acquisitions (M&As), venture capital, and private equity. He has supported companies across a
wide range of industries in raising more than $100 -million, and has held executive, board and
advisory roles with numerous public and private companies. Most recently, he served as CEO and
News Release GUG: TSX-V
ASWRF: OTCPK
chairman of Discovery Lithium Corp. He currently sits on the boards of Kiboko Gold Inc., Oyama
Capital Corp. and Naked Revival Inc., and advises Solo Automotive Inc., IdBase Technologies
Inc., Ameriwest Lithium Inc. and Nova Pacific Metals Corp.
Kurt G.J. Soost , Principal at Capital Find Partners Inc (CFP) , has been assisting companies
throughout North America with their capital needs, and financial advisory services since May
2014. Mr. Soost has been a top -performer in the banking/investment industry for over 35 years
and has spent 10 years with the Royal Bank of Canada Group in various positions including
Assistant Manager Corporate Finance, and Vice President at RBC Dominion Securities. Mr. Soost
was also a Senior Vice President & Director at Merrill Lynch Canada, and Managing Director of
the Trimor Group of Companies. He is an Award -Winning Investment Advisor at both RBC
(President of the President’s Club & Chairman’s Council) and Merril l Lynch (Society of Eagles,
UHNW Program & Chairman’s Club). Mr. Soost is also a Char tered Financial Analyst (CFA)
1994, recognized as the pre -eminent designation in the Investment Industry , and has completed
many of the courses offered by the Canadian Securities Institute (CSI). Mr. Soost has built an
extensive & impressive database of some 35,000+ of North America’s Wealthiest Investors (Ultra
High Net Worth, Family Offices, Private Equity, Venture s Capital, and other Financial
Institutions).
The appointment of Mr. Danard, Mr. Gheyle and Mr. Soost remains subject to the approval of
the TSX Venture Exchange.
On behalf of the Board,
Chris Robbins, CFO and Director
For further information contact:
Head Office/Investor Relations
Phone: +1-604-683-0484
Email: [email protected]
About Gungnir Resources
Gungnir Resources Inc.is a Canadian -based junior mineral exploration firm strategically
positioned in the Västerbotten District of northern Sweden, a region historically recognized for its
prolific geological endowment and Tier -1 mining jurisdiction status . The company’s portfolio is
characterized by a dual -commodity focus, balancing a substantial nickel -copper-cobalt resource
base with high-potential gold exploration targets along the "Gold Line" (Knaften-Barsele Arc).
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.
Certain statements in this news release may constitute “forward -looking information” within the meaning of
applicable securities laws (also known as forward-looking statements). Forward-looking information involves known
and unknown risks, uncertainties an d other factors, and may cause actual results, performance or achievements or
News Release GUG: TSX-V
ASWRF: OTCPK
industry results, to be materially different from any future results, performance or achievements or industry results
expressed or implied by such forward -looking information. Forward -looking information generally can be identified
by the use of terms and phrases such as “anticipate”, “believe”, “could”, “estimate”, “expect”, “feel”, “intend”, “may”,
“plan”, “predict”, “project”, “subject to”, “will”, “would”, and similar terms and phrases, including references to
assumptions. Some of the specific forward -looking information in this news release includes, but is not limited to,
statements with respect to the change in leadership and the expected continuation of certain directors and officers;
the Company’s expected exploration activities, leadership team , growth and shareholder value; and the anticipated
timing of the foregoing.
Forward-looking information is based on a number of key expectations and assumptions made by Gungnir, including,
without limitation: directors and officers will continue to act and perform as expected; new directors and officers will
utilize their skill, experience and other talents to assist with the Company’s success; access to the projects will remain
available; transportation and infrastructure will remain available as anticipated; no change to laws or regulations
that negatively affect Gungnir’s business; there will be a demand for Gungnir’s services and products in the future;
Gungnir will be able to operate its business as planned and extend certain licences ; Gungnir will be able to access
capital markets on and successfully complete financings on terms it determines to be reasonable; and Gungnir’s plans
for future exploration and development of its properties is reasonable and will be possible within the ant icipated
timelines. Although the forward -looking information contained in this news release is based upon what Gungnir
believes to be reasonable assumptions, it cannot assure investors that actual results will be consistent with such
information.
Forward-looking information is provided for the purpose of presenting information about management’s current
expectations and plans relating to the future and readers are cautioned that such statements may not be appropriate
for other purposes. Forward -looking information involves significant risks and uncertainties and should not be read
as a guarantee of future performance or results as actual results may differ materially from those expressed or
implied in such forward-looking information. Those risks and uncertainties include, among other things, risks related
to: no certainty that any economically viable mineral deposit or new targets will be located on Gungnir’s properties;
that Gungnir may not be able to complete its planned work as anticipated ; the impacts of war and/or other
international conflicts; ability to access capital markets and complete successful financings on terms Gungnir
determines to be reasonable; environmental matters; changes in legislation or regulations; receipt of required
licences, permits and approvals; and resource estimates may not be accurate and may differ significantly from actual
mineral resources. Management believes that the expectations reflected in the forward -looking information
contained herein are based upon reasonab le assumptions and information currently available; however,
management can give no assurance that actual results will be consistent with such forward-looking information. The
forward-looking information contained this news release is expressly qualified i n its entirety by this cautionary
statement. Forward-looking information reflects management's current beliefs and is based on information currently
available to Gungnir. The forward -looking information is stated as of the date of this news release and Gun gnir
assumes no obligation to update or revise such information to reflect new events or circumstances, except as may be
required by applicable law.