UrbanGold Minerals Inc. announced that, subject to regulatory approval, Vatche Tchakmakian has joined the Company as Chief Financial Officer and Corporate Secretary, effective October 1, 2019. Mr. Vatche Tchakmakian is a Chartered Professional Accountant (CPA, CA) with over 30 years of experience in the minerals industry. He is specialized in the field of public companies and securities regulations in Canada.

He has been an officer of several publicly listed companies in the mineral sector having operations in Canada and Latin America. From 1988 to 1993, he managed audit assignments at one of the predecessors of PricewaterhouseCoopers LLP, a national accounting firm, for a number of large private and public companies. Mr. Tchakmakian received his B.S. in Public Accounting from École des Hautes Études Commerciales, Université de Montréal in 1988.

He is a member of the TSXV Advisory Committee. Mr. Tchakmakian will be replacing Sabino Di Paola who has resigned as Chief Financial Officer and Corporate Secretary to pursue other opportunities. Mr. Di Paola will remain a Director of the Company.