Moneta Gold and Nighthawk Gold Announce the Proposed Directors for the MergeCo Board

Nighthawk Gold Corp. (“Nighthawk”) (TSX: NHK) and Moneta Gold Inc. (TSX: ME)(OTCQX: MEAUF)(FSE: MOPA) (“Moneta”) (together with Nighthawk, “MergeCo”) announce the proposed directors for the MergeCo Board to be appointed on completion of the arrangement on November 28, 2023 (“Arrangement Agreement” or “Transaction”) which remains subject to Nighthawk and Moneta shareholder approval and other customary closing conditions.

Proposed Board of Directors:

The Board of Directors of MergeCo will consist of seven (7) directors, comprised of four (4) nominees from Moneta and three (3) nominees from Nighthawk. The proposed directors will include:

• Keyvan Salehi, P.Eng., MBA – President and CEO of MergeCo and Director
• Josef Vejvoda, CIM, ICD.D – Non-executive Chairman of the MergeCo Board
• Morris Prychidny, CPA, CA
• Blair Zaritsky, CPA, CA
• Edie Hofmeister, MA, JD
• Rodney A. Cooper, P.Eng, MBA, Acc. Dir.
• Krista Muhr

Biographies

Mr. Salehi is a professional engineer and a seasoned mining executive with more than 20 years of experience in mine construction, mine operations, technical services, corporate development, and capital markets. He is the current President and CEO of Nighthawk. Previously, Mr. Salehi was the VP Corporate Development & Technical Services for Mountain Province Diamonds, where he provided operational and technical oversight for the construction and operation of the Gahcho Kué mine in the Northwest Territories. He was the VP Corporate Development & Technical Services for Kirkland Lake Gold, where he led the due diligence and execution of the merger with Newmarket Gold. Mr. Salehi also had management roles with St. Andrew Goldfields, Lake Shore Gold, FNX Mining, and Vale.

Mr. Vejvoda is the Chairman and interim President and CEO of Moneta. Mr. Vejvoda acts as a special advisor to K2 & Associates Investment Management Inc., a multi-strategy investment fund. Mr. Vejvoda has over 25 years of extensive capital markets experience and has held senior management roles at Merrill Lynch Canada, National Bank Financial, and TD Securities. Previously, Mr. Vejvoda served on the boards of ShoreTel Inc. (sold to Mitel Networks), Dominion Diamond Corp. (sold to Washington Corporate), Acerus Pharma, and PNI Digital Media Inc. (sold to Staples Inc.).