Pasofino Gold Limited has appointed Brett A. Richards as its new Chief Executive Officer with immediate effect. With 37 years of extensive experience in the mining and metals industry, Richards will bring invaluable expertise to guide Pasofino’s strategic goals and enhance its standing in the sector.

As part of his appointment, Pasofino has granted Richards 1,000,000 incentive stock options under the Long-Term Incentive Plan. With an exercise price of $0.60 each, the options are valid for 18 months and will vest in equal installments over 12 months, aligning Richards’ incentives with the company’s long-term growth objectives.

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As an accomplished mining executive, Richards has a proven track record in operational management, project development, construction, and corporate business development. Richards has held multiple CEO roles in West Africa and led the construction and commissioning of three mines, two in West Africa and the third in the Democratic Republic of Congo.

Richards recently served as CEO of Goldshore Resources, where he remains a director and significant shareholder. He also holds directorships with Nickel 28 Capital Corp. and Midnight Sun Mining.

Warren Greenslade will return to his role as General Manager of the Dugbe Gold Project, working on-site. He announced his resignation from the company, effective January 31, 2025, to explore other opportunities. Greenslade will oversee the transition and handover process over the next two months, says the company. Richards said: “On behalf of the Pasono board of directors, we would like to thank Warren for his service and wish
him well in his new endeavors.”

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Chairman Pasofino, Dan Betts said the board of directors is pleased with Richards appointment. “Brett joined the Pasofino board back in October 2024, to assist in leading the company, and it is now important to appoint him to lead all matters in this regard. The board is eager to provide its full support to Brett over the coming months to achieve its objectives,” says Betts.

Richards expressed his gratitude and enthusiasm for embarking on his new role.  “I am pleased to be named CEO of Pasofino, so we can move the company forward in a progressive and constructive manner. On behalf of the Pasofino board of directors, we would like to thank Warren for his service and wish him well in his new endeavors,” says Richards