Cygnus Gold Limited announced that highly experienced resources executive David Southam will join as Managing Director from mid-February 2023. His distinguished career as a senior executive of listed resources and industrial companies culminated in his appointment in 2019 as Managing Director of Mincor Resources, where he led that Company's highly successful return to the ranks of Australian nickel producers within a three-year period, overseeing a major greenfields discovery, resource definition, the completion of off-take arrangements, feasibility studies, project financing and construction of the Kambalda Nickel Operations, nearly all of which was completed during a global pandemic. During Mr. Southam's tenure, the market capitalisation of Mincor increased from circa $70 million to $1 billion.

Prior to joining Mincor, Mr. Southam was Executive Director of ASX-200 nickel company Western Areas Limited for eight years and held senior executive roles within Brambles Group, Gindalbie Metals, ANZ Investment Bank and WMC Resources. Mr. Southam has been intimately involved in several large project financings in multiple jurisdictions, has completed significant capital market and M&A transactions, negotiated multi-billion-dollar sales off-take arrangements in various commodities and has substantial experience on listed and private company boards. Importantly, he also has significant experience in battery metals through his non-executive director role at Kidman Resources, which was ultimately acquired by Wesfarmers, and through his work over a decade in the nickel industry.

Mr. Southam has a Bachelor of Commerce, Accounting and Finance and is currently a non-executive director of Ramelius Resources Ltd. and a Council Member and Chair of the Audit and Risk Committee for Curtin University.