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Director Appointment

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Marc J. Sale re-appointed as executive director while continuing as CEO.

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First Class Metals PLC ("First Class Metals" or the "Company"), the UK-listed exploration company focused on the discovery of economic metal deposits across its strategic footprint in Ontario, Canada, is pleased to announce the immediate re-appointment of Marc J. Sale as an executive director of the Company.

James Knowles Chairman's Commented:

"I am very pleased to welcome Marc back to the Board of First Class Metals. Marc has remained CEO throughout this period, providing consistent leadership, and his re-appointment as a director ensures full alignment at a pivotal stage in our development. With Marc's proven vision, technical expertise, and deep understanding of our portfolio, the Company is exceptionally well positioned to capitalise on the district-scale potential of our assets. This continuity of leadership strengthens our ability to deliver meaningful progress and build substantial value for our shareholders."

Marc J Sale CEO Commented:

"I was delighted to be invited to re-join the Board as Executive Director, a role I am honoured to take on at such an important juncture for First Class Metals advancement. Whilst I continued to lead the Company as CEO, I am now pleased to return to the Board of FCM. Our portfolio of gold projects in Ontario represents a rare opportunity to unlock district-scale potential in a region with exceptional mineral endowment, particularly gold. With a robust exploration strategy and a clear business plan, I believe First Class Metals is entering one of its most exciting phases to date. I look forward to working with the Board and our shareholders to realise the significant value that I am confident lies ahead."

FCM acquired the Zigzag Project near Armstrong, Ontario in March 2023. The property features Li-Ta-bearing pegmatites in the same belt as Green Technology Metals' Seymour Lake Project, which contains a Mineral Resource estimate of 9.9 Mt @ 1.04% Li2O. Zigzag was successfully drilled prior to Christmas 2023 and results have now been released.

The Kerrs Gold property, acquired under option by First Class Metals in April 2024, is located in northeastern Ontario within the Abitibi Greenstone Belt, one of the world's most prolific gold-producing regions. The project holds a historical inferred resource of approximately 386,000 ounces of gold, underscoring its potential as a meaningful addition to FCM's expanding gold portfolio. Kerrs Gold complements the Company's exploration strategy and provides exposure to a well-established mining district. FCM is currently reviewing plans to advance the project and further unlock its value.

Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.

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