Mr. Terry MacGibbon reports

TMAC ADDS THOMAS BOEHLERT TO THE BOARD OF DIRECTORS

TMAC Resources Inc. has appointed Thomas Boehlert to the board of directors as the second appointee of Resource Capital Funds (RCF).

Terry MacGibbon, executive chairman, stated: "I would like to welcome Thom to the board of TMAC. Both the board and management are looking forward to working with Thom. We appreciate RCF's continued support and welcome RCF nominating such a strong director of Thom's calibre."

Mr. Boehlert most recently served as executive vice-president and chief financial officer of Bunge Ltd. from 2017 to 2019. Prior to joining Bunge Ltd., he was the president and chief executive officer of First Nickel Inc. from 2011 to 2015 and executive vice-president, chief financial officer, of Kinross Gold Corp. from 2006 to 2011. Mr. Boehlert previously worked as executive vice-president, chief financial officer, of Texas Genco in 2005, direct Energy in 2004, and Sithe Energies, Inc. from 2000 to 2003. Prior to Sithe Energies, Mr. Boehlert was an infrastructure and energy project finance banker at Credit Suisse for 14 years. Mr. Boehlert holds a bachelor of arts in accounting from Indiana University and a master of business administration from New York University.

About TMAC Resources Inc.

TMAC Resources operates Hope Bay located in Nunavut, Canada. The property and operations are serviced by both a port and airstrip.