Paloma Resources Inc. announced the appointment of Alvaro Valencia to the Board of Directors, effective February 15, 2024. Mr. Valencia is an economist with international experience in finance, mergers &acquisitions (M&A), public-private partnerships, project management, economic/equity research and job development. He has relevant knowledge of mining, construction, telecom, agribusiness, forestry and services sectors.

The Company would also like to thank Mr. Anthony Zelen for his service as member of the Board of Directors of the Company. Mr. Zelen retired from these positions effective as of February 7, 2024.