Zodiac Gold nominates Michael Demeter for election to the Board of Directors

Vancouver, British Columbia–(Newsfile Corp. – August 27, 2024) – Zodiac Gold Inc. (TSXV: ZAU) (“Zodiac Gold” or the “Pursue“). Zodiac Gold is pleased to announce that Michael Demeter will be nominated for election to the Board of Directors at Zodiac's Annual and Extraordinary General Meeting to be held on September 23, 2024. Mr. Demeter is one of the Company's five nominees for election to the Board of Directors at the Meeting, alongside the Company's four incumbent Board members – David Kol, Mark Kol, Douglas Cater and Graham Warren.

“We are very pleased to welcome Mike as a new candidate to the Board,” said David Kol, CEO of Zodiac Gold. “Mike has been a very loyal shareholder and advisor to Zodiac Gold and his extensive experience and deep understanding of the financial markets will be critical to leading the Company as we continue to explore and develop the Todi Project, which we believe will prove to be a world-class deposit. Mike's appointment is a strategic addition to the Board and underscores our commitment to building a world-class, industry-leading team to enhance shareholder value.”

Mr. Demeter brings over 30 years of extensive experience in the financial services industry, with a strong focus on capital markets over the last 22 years. His deep knowledge and expertise in advising corporate and buy-side investors, and raising growth capital, will be invaluable to Zodiac Gold as the Company continues to expand its operations and pursue strategic growth initiatives. Over the course of his distinguished career, Mr. Demeter has held senior management positions at established financial institutions including Haywood Securities, where he served as Managing Director and Head of Institutional Sales, as well as Macquarie Group, Dundee Securities, Royal Bank of Canada and Scotiabank. Mr. Demeter is currently a Partner at Fort Capital, one of Canada's leading independent investment banking advisory firms.

Mr. Demeter holds a Bachelor of Arts in Economics from Huron College of the University of Western Ontario and an MBA from the Rotman School of Management at the University of Toronto. He is also a Chartered Financial Analyst (CFA), Chartered Market Technician (CMT) and Chartered Alternative Investment Analyst (CAIA) and holds the Chartered Financial Analyst (CFA), Chartered Market Technician (CMT) and Chartered Alternative Investment Analyst (CAIA) certifications. In addition to his professional accomplishments, Mr. Demeter is actively involved in the community through his involvement on the Rotman Dean's Global Advisory Board (GAB) and his role on the Loan Review Committee of Rise Asset Management, a charity focused on helping people with mental health and addiction issues achieve financial independence through self-employment and small business ownership.

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“I am excited to join the Zodiac Gold team,” said Mike Demeter. “It is rare to find such a focused management team in this industry that is fully committed by living in the country where its assets are held. Over time, I have had the privilege of getting to know David and many of the Zodiac Gold shareholders. I want to contribute, provide guidance and leverage my relationships within the sector as we continue the discovery phase.”

About Zodiac Gold

Zodiac Gold, Inc. (TSXV: ZAU) is a West African gold exploration company focused on its flagship Todi project in Liberia – an underexplored, politically stable and mining-friendly jurisdiction with several large gold deposits. Zodiac Gold is strategically located along the prolific Todi Shear Zone and is developing a district-scale gold deposit covering an area of ​​2,316 km2.² land package. The project has been de-risked and proven gold has been demonstrated both at surface and at depth, with five drill-ready targets and high-grade gold intercepts.

For further information please visit Zodiac Gold’s website at www.zodiac-gold.com or contact:

David Kol
President and CEO
[email protected]

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-looking information

This news release contains certain “forward-looking statements” within the meaning of Canadian securities laws.

Forward-looking statements include predictions, projections and forecasts and can often, but not always, be identified by the use of words such as “seek,” “anticipate,” “believe,” “plan,” “estimate,” “forecast,” “expect,” “potential,” “project,” “goal,” “scheduled,” “budget” and “intend” and statements that an event or result “may,” “will,” “should,” “could” or “may” occur or be achieved and other similar expressions and including the negative thereof. All statements in this press release, other than statements of historical fact, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements are based on a number of important factors and assumptions. Important factors that could cause actual results to differ materially from the Company's expectations include, among others, actual exploration results, changes in project parameters as plans continue to be refined, results of future resource estimates, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, uninsured risks, regulatory changes, defects in title, timely availability of personnel, materials and equipment, accidents or equipment failures, delays in obtaining regulatory approvals, unexpected environmental impacts on operations and costs of remediation thereof, and other exploration or other risks detailed herein and from time to time in the Company's filings with securities regulatory authorities. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that could cause such actions, events or results to differ materially from those anticipated. There can be no assurance that forward-looking statements will prove to be accurate and, accordingly, readers are cautioned not to place undue reliance on forward-looking statements.

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