On February 21, 2023, Robin Bienenstock notified RCF Acquisition Corp. of her intention to resign from the Company's board of directors, effective February 21, 2023 at which time she will be appointed to the advisory board of the Company. On February 21, 2023, the Board of the Company appointed advisory board member Hugo Dryland as a director of the Company and as a member of the audit committee and compensation committee, effective February 21, 2023.

Mr. Dryland will serve in the second class of directors of the Company with a term expiring at the Company's second annual general meeting following the Company's initial public offering. Mr. Dryland, 67, is a global partner and Chairman of Rothschild & Co's investment banking activities in the mining and metals sector. Over a 35-year career at Rothschild & Co, he has worked on a wide range of M&A and financing transactions in the mining and metals, oil and gas, energy, utilities, and infrastructure sectors across the globe.

In particular, he has advised on numerous acquisitions, divestments, joint ventures, and mine development financings in base metals involving many of the larger copper producers and mines (including Andina, Los Bronces, Escondida, Collahuasi, Cerro Colorado, Los Pelambres, El Tesoro, Esperanza, Antucoya, Antamina, Centinela, Quebrada Blanca, Oyu Tolgoi and others). He has also worked on similar transactions involving other battery metals during his career. Mr. Dryland played an active role in the formation and operation of the Emerging Markets Gold Fund, one of the first mining industry focused private equity funds, and was later involved in the establishment and early years of operation of RCF.

He also served as a Non-Executive Director on the board of directors of Antofagasta plc (LON: ANTO), the FTSE 100 copper mining company, from 2011 to 2016. Prior to joining Rothschild & Co, he practiced law focusing on M&A, debt and equity financing transactions with a focus on the natural resources sector. Before that, he worked at the World Bank advising emerging market governments on the promotion of private sector investment in the extractive industries.

Mr. Dryland holds Master's degrees in Business Administration and Comparative Law from the University of Warwick and George Washington University, respectively. He was born in the United Kingdom and presently lives in the United States.