Mandalay Resources Corporation announced that Frazer Bourchier has been appointed by the Board of Directors to lead Mandalay as the new President effective April 3, 2023.  Mr. Bourchier will also be appointed to the Board. In the interim, current CEO, Dominic Duffy, will be working closely with Mr. Bourchier to support a smooth transition.

Mr. Duffy will remain on the Board as a non-executive director. Mr. Bourchier has over 32 years of industry experience with a proven track record of operational success and executing upon growth strategies across multiple mining jurisdictions. He previously served as CEO of Harte Gold Corp., COO for Detour Gold Corporation and Nevsun Resources Ltd. and VP Business Development & Technical Services at Silver Wheaton (Wheaton Precious Metals).

He has held numerous executive leadership roles and was instrumental in creating meaningful growth in numerous gold and polymetallic operations in North America and internationally.  In addition, Terry Ackerman has advised the Board that he will not be standing for re-election at the next annual general meeting of shareholders.