14:21:30 EDT Thu 16 Apr 2026
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Roland Mineral Enterprises Corp
Symbol RME
Shares Issued 159,314,162
Close 2026-04-14 C$ 0.21
Market Cap C$ 33,455,974
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Roland Mineral appoints El-Alfy as director, mining VP

2026-04-16 09:50 ET - News Release

Mr. Frank Garofalo reports

LAS CRISTINAS MINE BUILDER JOINS ROLAND'S VENEZUELA MINERAL RIGHTS ACQUISITION PROGRAM

Mining engineer Dr. Sadek El-Alfy, PhD, BSc, has agreed to join Roland Mineral Enterprises Corp.'s board of directors and to act as vice-president, mining and operations.

Dr. El-Alfy has an extensive and highly successful performance history in Venezuela. As vice-president, mining operations, with Crystallex International Corp., Dr. El-Alfy was responsible for advancing the Las Cristinas gold deposit from exploration, to a National Instrument 43-101-compliant definitive feasibility study, through commencement of mine construction, including an environmental assessment plan, an environmental mitigation plan and a social responsibility plan approved by Venezuela, as guided by World Bank Equator Principles. Dr. El-Alfy was instrumental in transforming the $171-million in pre-2001 exploration and development expenditures at the Las Cristinas gold deposit by Placer Dome to Mine Development Associates' NI 43-101-compliant November, 2007, technical report, which reported 20,761,000 ounces of measured and indicated gold and 6,276,000 ounces of inferred gold at average grades of 1.03 grams per tonne gold and 0.85 gram per tonne gold, respectively, using a 0.50-gram-per-tonne gold cut-off grade and gold price of $750 per ounce. This historical mineral resource estimate, as tabulated below, was based on 1,176 drill holes totalling 160,600 metres.

Of particular importance to the development of the Las Cristinas gold mine, Dr. El-Alfy developed and implemented strategies that resolved artisanal and illegal mining activities at Las Cristinas without incident.

Dr. El-Alfy adds to Roland his wealth of Las Cristinas-specific mine development knowledge and his experience operating mines in Venezuela, together with his extensive knowledge and experience with other Venezuelan gold mines, gold deposits and exploration projects as Roland's Venezuela mineral rights acquisition program advances. He adds important contacts and relationships to Roland, including his broad network of legacy personnel associated with his leadership developing the Las Cristinas gold mine and operating other mines in Venezuela and his intimate knowledge of other Venezuelan mines, deposits and exploration projects.

Today, Dr. El-Alfy has a complete working knowledge of the Las Cristinas gold deposit, its specific features, and its nuanced political and jurisdictional considerations and technical history. The Las Cristinas gold deposit is one of the acquisition targets of Roland's Venezuela mineral rights acquisition program.

Dr. El-Alfy's career includes serving as general manager, mining and processing, at the Iron Ore Company of Canada's Carol Lake operation, one of the largest integrated iron ore mining complexes in North America, where he achieved over two million accident-free man-hours. His career includes being chief mining engineer at the historic Giant Yellowknife mines, general manager at the Pamour Porcupine mines, and other operations in arctic Canada, Mexico and the United States.

Dr. El-Alfy was awarded a BSc and a PhD (mining engineering) from the University of London, Imperial College of Science and Technology, Royal School of Mines. Dr. El-Alfy is a past member of the Association of Engineers of British Columbia, Northwest Territories, Ontario and Newfoundland. He speaks four languages, including Spanish and Arabic.

In addition to being a driving force behind Roland's Venezuela mineral rights acquisition program, Dr. El-Alfy is also expected to play a leading role in Roland's potential acquisition of an interest in the Las Crucitas gold project in Costa Rica, and Roland's Dominion Creek Dredge gold project in Yukon land the Buck Lake platinum, palladium, nickel and copper project in Ontario, Canada.

Dr. El-Alfy commented: "I am excited to join the Roland team and to bring to bear my Venezuela experience and my energy to advance Roland's Venezuela mineral rights acquisition program for the benefit of all stakeholders, including, and especially, the local populations, which will benefit greatly from the unlocking of these valuable mineral resources."

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