On May 18, 2022, the Board of Directors (the “Board”) of U.S. Gold Corp. (“U.S. Gold” or the “Company”) appointed Luke Norman to serve as the non-independent Chairman of the Board. In connection with the appointment of Mr. Norman as Chairman, the Board expanded its size from 5 to 6 directors.

Mr. Norman, 51, has served since December 2017 as the chief executive officer, president and director of Northern Lion Gold Corp.