22:58:11 EDT Mon 01 Jun 2026
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Zodiac Gold Inc
Symbol ZAU
Shares Issued 163,816,071
Close 2026-06-01 C$ 0.36
Market Cap C$ 58,973,786
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Zodiac Gold to appoint Richards as board chair

2026-06-01 20:01 ET - News Release

Mr. David Kol reports

ZODIAC GOLD TO APPOINT RENOWNED MINING EXECUTIVE BRETT RICHARDS AS CHAIR TO ACCELERATE GROWTH AND ADVANCE PREMIER WEST AFRICAN GOLD COMPANY

Globally recognized mining executive Brett Richards has agreed to be included in Zodiac Gold Inc.'s slate of nominees for election to the board of directors at the company's annual general meeting to be held later this year. Upon his election as a director, Mr. Richards is expected to be appointed as chair of the board. In the interim, Mr. Richards will participate as an observer, working closely with the board and management team ahead of his formal appointment.

The appointment marks a significant milestone for Zodiac Gold as the company rapidly advances exploration and resource expansion across its district-scale land package along Liberia's highly prospective Todi shear zone.

Mr. Richards is a highly accomplished mining executive, investor and entrepreneur with over 35 years of experience leading private and publicly listed mining companies ranging from microcap explorers to large-scale multiasset producers. Widely respected throughout the global mining industry, he brings an exceptional record of operational execution, strategic growth, mine development, capital market leadership and value creation for shareholders.

Over the course of his career, Mr. Richards has played key leadership roles in numerous successful mining companies and transactions, including generating substantial shareholder returns and strategic exits at Katanga Mining, Avocet PLC and Pasofino Gold. His current strategic holdings in Gold X2 (formerly Goldshore Resources), Midnight Sun Mining, VR Resources and Stratex Resources continue to demonstrate exceptional long-term value creation, each currently representing more than 10 times accumulated value appreciation for shareholders.

With more than three decades focused extensively on Africa, Mr. Richards possesses deep expertise across the full mining life cycle, including greenfield and brownfield exploration, mine development, construction, operations, project rehabilitation, and strategic business development. Throughout his career, he has built three mines and led the rehabilitation and transformation of two additional operations.

Prior to his entrepreneurial and investment activities, Mr. Richards held senior executive positions with major mining and industrial companies, including Kinross Gold Corp. and Co-Steel Inc., where he developed extensive operational and corporate leadership experience across global mining markets.

Mr. Richards currently manages Richards Enterprises Inc., a Bahamas-based single family office with strategic investments spanning mining and metals, postconsumer goods recycling, real estate, and digital asset trading platforms.

David Kol, chief executive officer of Zodiac Gold, commented: "Brett's appointment as chairman is transformational for Zodiac Gold. He is one of the mining industry's respected executives and has an extraordinary track record of building companies, financing growth, creating shareholder value and identifying world-class opportunities before the broader market recognizes them. Brett has been a tremendous supporter of Zodiac Gold and strongly believes in the scale and district potential emerging across our land package in Liberia. His leadership, strategic insight, operational expertise and global network will be invaluable as we accelerate exploration, expand our discoveries and position Zodiac Gold as one of the most exciting emerging gold stories in Africa."

Mr. Richards added: "I am extremely excited about stepping into the role of chairman of Zodiac Gold at such an important inflection point for the company. What David and the entire team have assembled in Liberia is truly impressive. Zodiac Gold has a highly prospective district-scale land package in one of the most underexplored and geologically compelling regions in West Africa. The exploration success achieved to date strongly supports the potential for multiple significant gold discoveries across the Todi shear zone. I believe Zodiac Gold is uniquely positioned to create substantial long-term value for shareholders, and I look forward to working closely with management and the board to help unlock that potential."

The appointment of Mr. Richards will further strengthen Zodiac Gold's leadership team as the company continues to execute an aggressive exploration and growth strategy aimed at defining a major new gold district in Liberia.

About Zodiac Gold Inc.

Zodiac Gold is a West African gold exploration company focused on its flagship Todi gold project in Liberia -- an underexplored, politically stable, mining-friendly jurisdiction hosting several large-scale gold and iron ore deposits. Strategically positioned along the fertile Todi shear zone, Zodiac Gold is developing a district-scale gold opportunity with additional iron ore potential, covering a vast 2,316-square-kilometre land package. The Todi gold project has undergone derisking, showcasing proven gold occurrences at both surface and depth, with five drill-ready targets, two of which have been drilled, and high-grade gold intercepts.

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