Velocity Minerals Ltd. announced the appointment of Gerrie van der Westhuizen to its board of directors, as the nominee of Artemis Gold Inc. under the January 16, 2019 strategic investment agreement between the parties, replacing Chris Batalha. Mr. Batalha has resigned as a director of Velocity effective December 15, 2022. Gerrie van der Westhuizen is VP Finance and Assistant Corporate Secretary of Arteamis and has been appointed CFO effective January 1, 2023.

Mr. Westhuizen has more than 20 years' experience in the mining industry. During this time, Mr. Van der Westhuizen held progressively senior positions in dual-listed resource companies operating in Africa and North America. He has played a key role in those organizations' debt and equity financings and M&A activities, while leading initiatives on financial reporting, regulatory compliance, corporate governance, risk management, treasury management, tax planning, as well as commercial negotiations.

Prior to joining Artemis, Mr. Van der Westhuizen served as Vice President Finance for Galiano Gold Inc., which constructed and operated the Asanko Gold Mine. Mr. Westhuizen is a Chartered Accountant and began his career with PricewaterhouseCoopers where he was a manager in their mining group. He holds an Honours Bachelor of Accountancy degree.