News release
1020 – 800 West Pender St.
Vancouver, BC
V6C 2V6
Tiernan Gold Corp. July 30, 2026
For Immediate Release NR#26-12
Tiernan Continues to Strengthen Executive Team,
Hires Pascal Lambert-Paradis as Chief Financial Officer
July 30, 2026 – Vancouver, BC, Canada – Tiernan Gold Corp. (TSX-V : TNGD) (“Tiernan” or the “Company”)
is pleased to announce the appointment of Pascal Lambert -Paradis as Chief Financial Officer, effecti ve
August 1, 2026.
In this role, Mr. Lambert -Paradis will lead all financial planning, reporting, treasury, and internal control
functions for the Company and will be a key member of the leadership team advancing Tiernan’s flagship
Volcan Gold Project (the “Project”) in Chile’s Maricunga Gold Belt through engineering, Environmental
Impact Assessment, Preliminary Feasibility Study ("PFS") and into future execution phases.
"Pascal is a known quantity to me - we worked together at MAG Silver, where he built the finance function
and graduated reporting from late-stage development to operations. He has run site-level finance, corporate
reporting and financial planning and analysis at multi -billion-dollar producer s”, said Fausto Di Trapani,
President and CEO. “That range matters for a company of our size, where the CFO touches everything from
project cost controls to external reporting to investor disclosure. He's tri -lingual, he knows Chile, and he can
step in without a learning curve. As Volcan advances through engineering and toward a PFS, Pascal will build
the financial infrastructure our company needs to scale into future execution and growth."
Claudia Tornquist has stepped down as Interim Chief Financial Officer effective August 1, 2026. The Company
thanks Ms. Tornquist for her service during the RTO transaction and transition period.
About Pascal Lambert-Paradis
Pascal Lambert-Paradis is a Chartered Professional Accountant (CPA, CA) with more than fifteen years of
progressive financial experience in the mining industry, spanning precious metals producers, project
developers, and public accounting.
Most recently, Mr. Lambert -Paradis served as Director, FP&A and Insurance at Pan American Silver Corp.,
following his role as Director, Finance Integration, where he supported the integration of MAG Silver
following its acquisition by Pan American. Prior t o Pan American, he was Director of Finance at MAG Silver
Corp., where he led the finance function through the graduation to producer status . Earlier, he served in
progressively senior finance roles at Goldcorp, Newmont, Newcrest Mining, and Gold Standard Ventures.
He began his career at Deloitte Canada (2010 –2014) where he gained significant exposure to the mining
industry serving as a Senior Auditor with a focus on precious metals producers. Mr. Lambert-Paradis holds a
Master of Professional Accounting (MPAcc) from the University of Saskatchewan and a Bachelor of
Commerce from Saint Mary’s University. He obtained his CPA, CA designation in 2013 and is tri -lingual in
English, Spanish, and French.
On behalf of Tiernan Gold Corp.
Fausto Di Trapani, CEO and Director
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For further information visit tiernangold.com or contact:
Email: [email protected]
Toll-free phone: +1 (888) 926-2591
About Tiernan Gold Corp.
Tiernan Gold Corp. is focused on the disciplined de-risking of the Volcan Gold Project strategically located in
the Atacama Region of Chile, on the Maricunga gold belt, a jurisdiction that has a long-established history of
mining with a number of operating mines, new mines under construction and major projects being
developed.
Cautionary Note Regarding Forward-Looking Information
This news release contains “forward -looking information” and “forward -looking statements” (together,
“forward-looking statements”) within the meaning of applicable securities legislation. All statements, other
than statements of historical facts, are forward-looking statements. Often, but not always, forward-looking
statements can be identified by the use of words such as “plans”, “planning”, “expects”, “is expected”,
“continues”, “budgets”, “scheduled”, “estimates”, “forecasts”, “predicts”, “projects”, “potential”, “intends”,
“targets”, “aims”, “seeks”, “anticipates” or “believes” or variations (including negative variations) of such
words and phrases or may be identified by statements to the effect that certain actions “may”, “could”,
“should”, “would”, “m ight” or “will be taken”, “occur” or “be achieved”. Forward -looking statements are
subject to various known and unknown risks, future events, conditions, uncertainties and other factors that
may cause the actual results, performance or achievements to be m aterially different from any future
results, predictions, projections, forecasts, performance or achievements expressed or implied by the
forward-looking statements. Forward -looking statements in this news release include, but are not limited
to, statement s with respect to the timing, scope, design and results metallurgical testwork , engineering
studies, mineral resource estimation, recovery modelling, process design, PFS workstreams and permitting
processes in connection with advancement of the Project.
Forward-looking statements are based on several material expectations and assumptions made by the
Company’s management, including but not limited to: the potential of the Project and the Company’s plans
regarding the anticipated exploration and advancement of the Project; the ability of exploration and
technical activities (including drilling) to accurately predict mineralization , metallurgical response and
potential process design parameters; ; estimates of reserves and resources; anticipated costs, future mining
and production rates , capital and operating costs and other economics associated with the Project;
expectations concerning future metals prices and the demand, stability and market outlook for metals,
exchange rates, interest rates, tax laws and applicable royalty rates (if any ); capital efficiencies; the
legislative and regulatory environment of Chile; expectations regarding the availability of debt financing and
the Company’s ability to access capital on satisfactory terms; the Company’s current and future financial
condition; anticipated timing, sufficiency and results of capital expenditures; the potential for future metals
production; and any other statements other than statements of historical facts.
Forward-looking statements are based on a number of assumptions and subject to a number of risks and
uncertainties, many of which are beyond the Company’s control. Such risks and uncertainties include, but
are not limited to, the risk that Phase 1 diagnostic leach results may not be representative of results obtained
from Phase 2 testwork or commercial -scale processing and should not be interpreted as projected heap
leach or process recoveries, and the factors discussed under the heading “Risk Factors” in the Company’s
filing statement dated December 8, 2025 filed under its issuer profile on SEDAR+ at www.sedarplus.ca.
There can be no assurance that such statements will prove to be accurate, as actual results and future events
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could differ materially from those anticipated in such statements. Accordingly, readers should not place
undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that
reliance on such information may not be appropriate for other purposes.
Forward-looking statements contained herein are made as of the date of this news release and the Company
disclaims any obligation to update or revise any forward -looking statements, whether as a result of new
information, future events or results or otherw ise, except and as to the extent required by applicable
securities laws.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV)
accepts responsibility for the adequacy or accuracy of this release.