Riversgold Limited announced the appointment of experienced mining professional, David Lenigas, as Executive Chairman of the Company. date of appointment is March 10, 2022. His specific knowledge of the lithium industry will benefit the Company as it moves towards lithium exploration in the Pilbara as announced this morning, having been an early influential funder and shareholder in corporate entities of both the Cinovec Lithium Project in the Czech Republic and the Sonora Lithium Project in Mexico, where he served as a director of Bacanora Minerals in its formative growth years and was key in negotiating a lithium supply contract with a major US electric car manufacturer.

As part of the Board restructure, Mr. Simon Andrew and Mr. Xavier Braud have transitioned to roles as non-executive directors. Due to his other work commitments, Mr. Simon Bolster has stepped down from the Board, however, will continue to provide support and advice to the Company as part of the Quarterback Geological Services team.