VANCOUVER, BC, Nov. 10, 2026 /CNW/ -- Waraba Gold Limited (CSE: WBGD) (OTC: WARAF) (FSE: ZE00) ("Waraba" or the "Company") is pleased to announce the appointment of Mr. Jeff Couch as a director of the Company, effective immediately. Mr. Couch's addition to the board of directors of the Company (the "Board") further deepens Waraba's capital markets expertise as the Company advances its West African exploration portfolio and its vision to build a leading portfolio of high-value gold assets.
Mr. Couch is an accomplished capital markets professional with deep expertise in corporate strategy, public company development, and investor relations across the natural resources sector. He currently serves in board and advisory capacities with several growth-oriented companies, including Goldsky Resources Corp. and Silver Viper Minerals Corp., where he contributes to strategic positioning, capital markets initiatives, and corporate development.
Throughout his career, Mr. Couch has guided management teams through transformative stages of growth, spanning capital formation, market positioning, and the development of strong institutional and retail shareholder bases across multiple jurisdictions. His hands-on approach to investor engagement and ability to align corporate strategy with market opportunity have made him a trusted advisor and director in the resource investment community.
Commenting on Mr. Couch's appointment, Carl Esprey, Executive Chairman, Waraba stated, "Jeff brings a sharp understanding of what it takes to build a compelling, investor-facing story in today's competitive resource market. His experience across capital markets and corporate development, combined with his recent involvement with high-quality companies like Goldsky and Silver Viper, makes him a strong addition to our Board and a valuable partner as we execute on our strategy."
"Waraba has built a compelling foundation in one of West Africa's most prospective gold regions, and I am genuinely excited to contribute at this important stage of the Company's evolution. I look forward to working alongside management and the Board to advance Waraba's objectives and create long-term value for shareholders," said Jeff Couch, Director of Waraba.
Commenting further, Mamadou Coulibaly, Chief Executive Officer of Waraba, stated, "Jeff's appointment underscores our commitment to assembling a Board equipped with the expertise and networks to support Waraba's next phase of growth. His deep understanding of investor engagement and corporate strategy will be a real asset as we advance our projects, broaden our investor base, and expand our presence in West Africa."
Waraba's differentiation lies not only in the quality of its asset base, but in how it advances opportunity. The company now combines experienced in-country geological leadership with international capital markets and exploration expertise, applying disciplined technical methods to identify, test and advance discoveries while managing risk and allocating capital efficiently.
Waraba is well positioned to transform underexplored opportunities into high-value assets and build the next generation of gold discoveries in West Africa.
DIRECTOR COMPENSATION AND EQUITY AWARDS
In connection with his appointment, the Company intends to enter into a director services agreement with Mr. Couch pursuant to which he will be entitled to an annual retainer of C$50,000, payable in deferred share units under the Company's omnibus incentive plan and credited quarterly in arrears. The number of deferred share units credited in respect of each quarterly instalment will be determined in accordance with the director services agreement and will be subject to the omnibus incentive plan, applicable securities laws and Canadian Securities Exchange (the "CSE") requirements.
In connection with Mr. Couch's appointment, the Board has granted him 400,000 restricted share units ("RSUs") under the Company's omnibus incentive plan (the "Omnibus Plan"). Each RSU represents the right to receive one common share in the capital of the Company (each, a "Share") upon settlement in accordance with the Omnibus Plan. The RSUs vest in three instalments: 25% on the first anniversary of the grant date, 25% on the second anniversary and the remaining 50% on the third anniversary. The RSUs and any Shares issued upon settlement are subject to applicable hold periods, Omnibus Plan and CSE policies.
ABOUT WARABA GOLD
Waraba is a gold exploration company focused on advancing high-potential projects in West Africa. The Company is committed to disciplined exploration and building long-term value through the discovery and development of district-scale gold systems. Waraba Gold trades on the CSE under the symbol WBGD and on the OTC Markets under the symbol WARAF.
Local Insight. Global Discipline. Discovery-Led Value.
ON BEHALF OF THE BOARD OF DIRECTORS
Carl Esprey Executive Chairman | Mamadou Coulibaly Chief Executive Officer |
warabagold.com | X: @WarabaGold | LinkedIn: @WarabaGold
FORWARD-LOOKING INFORMATION
This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information in this release includes statements regarding the expected contributions of Mr. Couch to the Company and its Board; the Company's exploration, corporate and growth strategies; the advancement of the Company's projects; the Company's objective of building long-term shareholder value; the vesting and settlement of the RSUs; and the issuance of Shares upon settlement of the RSUs.
Forward-looking information is based on management's current expectations and assumptions, including assumptions regarding Mr. Couch's continued service and availability; the Company's ability to retain qualified directors, officers, employees, consultants and technical advisers; the availability of financing on acceptable terms; the validity and availability of mineral rights and property interests; the receipt of necessary governmental, regulatory and third-party approvals; political and regulatory conditions in the jurisdictions in which the Company operates; the availability of equipment, contractors and personnel; commodity prices; foreign exchange rates; the Company's ability to conduct planned exploration activities within expected costs and timelines; Mr. Couch will remain in continuous service through the applicable RSU vesting dates and will satisfy the other conditions applicable to the vesting and settlement of the RSUs; the Company will remain authorized to issue the Shares underlying the RSUs; and the grant, vesting and settlement of the RSUs will comply with the Omnibus Plan, applicable securities laws and CSE requirements.
Forward-looking information is subject to known and unknown risks, uncertainties and other factors that could cause actual results, performance or developments to differ materially from those expressed or implied. These risks include the speculative nature of mineral exploration; uncertainty concerning exploration results and geological interpretations; title and permitting risks; political, regulatory and operating risks in West Africa; the availability and cost of financing; commodity-price and currency fluctuations; competition for properties, personnel and capital; delays in planned work programs; the risk that the expected benefits of Mr. Couch's appointment may not be realized; some or all of the RSUs may not vest or be settled as anticipated; fewer Shares may be issued than currently contemplated; and the timing or manner of settlement of the RSUs may be affected by the Omnibus Plan, applicable laws, CSE requirements, blackout periods, recipient eligibility or other circumstances, as well as the other risks applicable to mineral exploration companies. Additional risk factors relating to the Company and its business are described in the Company's continuous disclosure documents available under its profile on SEDAR+.
Although the Company believes that the assumptions and expectations reflected in the forward-looking information are reasonable as of the date of this release, there can be no assurance that they will prove correct. Readers are cautioned not to place undue reliance on forward-looking information. The forward-looking information contained in this release is provided as of the date of this release, and the Company does not undertake to update or revise it except as required by applicable securities laws.
The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this news release.
SOURCE Waraba Gold Limited
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