Gossan Resources Limited announced that Samuel Pelaez resigned to the Board of Directors as required following the recent effective date of the Canadian Business Corporations Act ("CBCA") amendment pertaining to the majority voting requirement for directors. The resignation is effective October 21, 2022. At the request of the Board, Samuel Pelaez will continue serving the Company is his capacity as President and CEO.

Douglas Reeson resigned to the Board of Directors effective October 21, 2022. Mr. Reeson also resigned in his capacity as Chief Financial Officer of the Company, effective at the close of business on December 31, 2022. As of that date, Mr. Reeson will be engaged by the Company in a consulting capacity to assist with development and monetization opportunities for the Company's assets.

The Company has appointed Robert Suttie as Chief Financial Officer effective at the close of business on December 31, 2022. Mr. Suttie is Gossan's former Chief Financial Officer and has extensive experience working with the Company. Mr. Suttie is President of Marrelli Support Services Inc. The Company has appointed MaryAnn Mihychuk as Interim Chair of the Board, effective at the close of business on October 21, 2022.

MaryAnn is a former Federal Minister of Employment and a former Manitoba Minister of Mines. Previously, MaryAnn was an executive of the Prospectors &Developers Association of Canada and currently, acts as the President of the Manitoba Prospectors &Developers Association.