Medallion Resources Ltd. announced the appointment of Dr. Kurt Forrester as a director of the Company. Mr. Daniel Mamadou has resigned as a non-executive director to pursue other engagements, and shall join Medallion's Advisory Board. The appointment of Dr. Forrester signals a significant strengthening in the technical capacity of the Medallion Board at a key juncture in the Company's growth.

The Company is working to expand its exposure to the technologies essential for the energy transition including the rare earth elements (“REE”), where Dr. Forrester holds extensive expertise and connections. Dr. Forrester is presently Chief Technology Officer (‘CTO”) of SD Capital Advisory.