GT Gold Corp. announced the appointment of Mr. Ashwath Mehra as Executive Chairman. Mr. Mehra will assume the position of Executive Chairman immediately.

Mr. Mehra previously served as Non-Executive Chairman of GT Gold and has done so since the company's inception in November 2016. He is co-founder of the Company and currently the Company's prime shareholder; and Mr. Mark Santarossa as Chief Financial Officer and Vice President, Corporate Development. Mr. Santarossa will join GT Gold on the 16th of October.

Mr. Taj Singh, Board Member and Chairman of the Audit Committee, will now act as the Company's Lead Independent Director. Mr. Santarossa is a financial and capital markets professional with over 20 years of experience, predominantly in the mining sector. Most recently he was Director at Origin Merchant Partners, an independent mergers and acquisitions advisory firm based in Toronto, where he advised on a number of transactions.

His experience also includes mining institutional equity sales at PI Financial, Macquarie Capital Markets Canada, CIBC World Markets and Haywood Securities, and mining equity research at National Bank Financial.