Northgold AB announced a significant leadership change. Mr. Mitchell Vanderydt, the current Chief Executive Officer, will resign from his position with immediate effect. Mr. Vanderydt will, however, continue to serve the company during a transitional period.

The Board of Directors has appointed Mr. Henrik Löfberg as the interim Chief Executive Officer. The Board of Directors has commenced the search for a replacement for Mr. Vanderydt. The Board of Directors has appointed Mr. Henrik Löfberg as the interim Chief Executive Officer.

Mr. Löfberg, a current member of the board and Chief Operating Officer of Magnus Minerals Oy, brings a wealth of experience and expertise to the role. Magnus Minerals is Northgold AB's largest shareholder. Additionally, Mr. Löfberg serves as the Chairman for MagstarMining Oy and a board member for Suomen Akkumineraalit Oy and Magnus Minerals Oy.