Candente Copper Corp. announced that effective June 15, Giulio T. Bonifacio was appointed to the position of Executive Chair. Mr. Bonifacio has over 30 years of experience in senior executive roles in the mining industry in both the base and precious metals sector.

Mr. Bonifacio was the Founder, President, Chief Executive Officer and Director of Nevada Copper from 2005 until his retirement in February 2018. Mr. Bonifacio led and directed every stage of advancement of the Pumpkin Hollow copper mine from exploration, development, permitting and construction. Mr. Bonifacio is a Chartered Professional Accountant with considerable experience and knowledge of operations, capital markets and project finance while raising significant amounts of capital for projects of merit by way of project debt, offtake and equity.

Mr. Bonifacio was the President and Chief Executive Officer, Director and subsequently Non-Executive Chairman of Faraday Copper Corp. (formerly CopperBank Resources Corp.) from May 2018 until April 2022. Mr. Bonifacio led and negotiated the acquisition of Copper Creek in 2018, an advanced stage development asset located in Arizona, United States, by way of a business combination.

Copper Creek is currently the lead project being advanced by Faraday Copper. Mr. Bonifacio also held previous senior executive roles with Getty Resources Limited, TOTAL Energold Corp., an energy and gold producer and Vengold Inc., gold producer, prior to founding Nevada Copper in 2005. During his 12 years at Nevada Copper, Mr. Bonifacio led the company's efforts at the Pumpkin Hollow project located in Nevada, from early-stage exploration and development to construction by way of resource and reserve expansion; several technical studies inclusive of feasibility studies for the underground and open pit stand-alone projects, as well as an integrated underground and open pit operation.

Mr. Bonifacio successfully permitted both the underground and open pit operations at Pumpkin Hollow, which is the only permitted copper project of scale in the United States in the past 25 years. Additionally, Mr. Bonifacio led the initial construction phase, which included the completion of headframe, hoist and 1,900-foot-deep, 24-foot diameter concreted lined production sized shaft, all of which led to a shortened construction period at Pumpkin Hollow, now in production.