Elysee Development Corp. announced management changes that include the retirement of Stuart Rogers as President and Director of the Company and the appointment of Thibaut Lepouttre as a Director, effective immediately. Mr. Guido Cloetens, the current Chairman of Elysee, will become
President and CEO with current Director, Martin Burian agreeing to serve as Chairman of the Board. Mr. Rogers has been a Director of the Company since March 2007 and President since July 2012 when he negotiated the profitable sale of the Company's Canadian oil and gas properties. He will continue to
serve as an advisor to the Company. As of April 1, 2023 Martin Burian, CPA, ICD.D, will assume the role of Chairman of the Board of Directors and Mr. Guido Cloetens will become the President and CEO of the company. Mr. Burian has been an independent director of Elysee since June of 2013. He's on the board of several public and privately held companies. Mr. Thibaut Lepouttre has been involved in researching and analyzing mining companies since 2008
when he founded Caesars Report, the first English language website in Continental Europe focused on mining. Armed with a Bachelor of Laws degree from the University of Leuven, Belgium and two master's degrees in economics as well as an analytical mindset, Thibaut has been able to forge many strong relationships within the mining sector over the last 15 years. He has served as a Technical Advisor to Elysee since May 2022.