Resouro Gold Inc. (formerly, eShippers Management Ltd.) (the "Corporation") announced that it has completed its previously announced reverse take-over transaction (the "RTO") consisting of the acquisition of all of the issued and outstanding shares of ISON Mining Pte Ltd. ("ISON"), details of which are set forth in the Corporation's press releases dated May 9, 2022, January 19, 2022, November 19, 2021, September 24, 2021 and May 11, 2021 and the Corporation's filing statement dated January 17, 2022 ("Filing Statement"). Upon completion of the RTO, Leo Berezan, Edward Leung and Gerald Shields resigned as directors of the Corporation and Christopher Eager, Marcelo de Carvalho, David Cass and Ricardo Rossin were appointed to the board of directors. The board of directors of the Corporation is now comprised of Christopher Eager, Marcelo de Carvalho, David Cass, Ricardo Rossin and Virginia Olnick.

The Corporation's reconstituted board of directors appointed Christopher Eager as the President and Marcelo de Carvalho as the Chief Operating Officer and Chief Geologist. Leah Hodges will remain as the Corporate Secretary of the Corporation.