Mr. Robert Suttie reports

MONTAUK METALS ANNOUNCES RESIGNATION OF PRESIDENT, CHIEF EXECUTIVE OFFICER AND DIRECTOR

Montauk Metals Inc.'s Robert Hinchcliffe has resigned as president, chief executive officer and director of the company. Montauk thanks Mr. Hinchcliffe for his service to the company in such roles and wishes him well in his future endeavours.

Montauk will make further announcements, as appropriate, announcing Mr. Hinchcliffe's replacement or replacements as director, president and chief executive officer.

We seek Safe Harbor.