Medallion Resources Ltd. announced it has appointed Alfredo Ramos Plasencia as President and Director, and Dr. Kurt Forrester as Chief Technology Officer; Dr. Forrester will continue to serve as a director. Mark Saxon, who was appointed President and CEO in May 2020, will continue as a director and Vice President of Business Development focused on upstream rare earth feedstock supply. Douglas Newby will continue to serve as Chief Financial Officer and Corporate Secretary.

Under Mr. Ramos' leadership, Medallion will focus on mid-stream separation and purification of rare earth oxides and salts (“REOs”) based on patented LAD Chromatography, enablement of upstream processing using its proprietary MMP technology, and marketing of magnetic REOs (neodymium, praseodymium, dysprosium, and terbium) to downstream rare earth permanent magnet producers and consumers. Mr. Ramos brings more than 20 years' experience in process industries, having worked in diverse research and development, engineering and operational roles across a wide range of sectors including chemicals, energy and mining. He has key expertise in digital design and smart manufacturing solutions having developed and commercialized novel technologies supporting design, engineering and operation of industrial assets.

Mr. Ramos holds a Masters in Chemical Engineering from RWTH Aachen University (Dipl.-Ing.) and an MBA, with distinction, from London Business School. Mr. Ramos is a Governor at Teesside University, a member of the Industry Advisory Board at the University of Edinburgh's Department of Chemical Engineering, and an advisor to the High Value Manufacturing Catapult in the UK. He has been completing his tenure as member of the senior leadership at the Center for Process Innovation Ltd. (“CPI”) since April 2022 when Medallion first announced his intention to join the Company.

Dr. Forrester has been a technical advisor to the Company since 2015. He has nearly 20 years' experience as an engineering consultant in the metals and minerals, environmental and applied research domains, including process and technology development, feasibility assessment (PEA, PFS, DFS) as well as detailed design (EPCM). He has broad experience across commodities and technologies including base metals, rare earth elements, and industrial minerals.

A graduate of the University of Sydney with a BEng (Hon 1st) in Chemical Engineering and a PhD in Engineering, he is also a Chartered Chemical Engineer and Chartered Professional Metallurgist.