U.S. Gold Corp. announced the resignation of the Honorable Ryan K. Zinke from its Board of Directors effective December 31, 2022. Secretary Zinke won the election to represent Montana's 1st congressional district and will assume his seat in the U.S. House of Representatives when the 118thUnited States Congress convenes in January 2023.

Secretary Zinke previously served in Congress representing Montana's at-large congressional district from 2015 to 2017, before serving as Interior Secretary from 2017 to 2019. Secretary Zinke advised that he will be divesting his interests in U.S. Gold as soon as practicable and he will have no ongoing agreements or relationship with the Company after December 31, 2022.