CLM Announces Management and Board Changes

Brett Lynch to become Executive Chairman & Richard Quesnel to become President & Chief Executive Officer

TORONTO, May 13, 2024 (GLOBE NEWSWIRE) -- Consolidated Lithium Metals Inc. (TSXV: CLM | OTCQB: JORFF | FRA: Z36) (“CLM” or the “Company“) is pleased to announce the appointment of Brett Lynch as Executive Chairman, Richard Quesnel as President and Chief Executive Officer, and Rene Bharti as Vice President of Corporate Development, each effective immediately.

Brett Lynch appointed as Executive Chairman

Mr. Lynch stated, “having been a director on the board of CLM for several years, I am excited to further deepen my role and responsibilities in CLM as Executive Chairman. I believe that CLM is ideally placed to become a significant player in the development of Quebec’s lithium supply chain. I anticipate that our experience and proven leadership team can fast track the defining of a mineral resource and, ultimately, the establishment of the first refined lithium production in the area.”

Brett Lynch Biography

Mr. Lynch is a highly experienced international company director and chief executive, with a strong background in mining and mining-related businesses across Australia, Asia, and North America and a proven track record in advancing shareholder value. As a senior mining engineer and manager, Mr. Lynch has more than 30 years’ experience in the global industry, including previous posts with leading resources companies such as MIM Holdings, New Hope Corporation, Orica, VLI, and Sayona Mining Ltd., during which time he was responsible for multi-million dollar international operations. Mr. Lynch’s professional qualifications include a Bachelor of Engineering (Mining) (Honours) at the University of Melbourne, a Graduate Diploma of Business (Accounting) at Monash University, and a Company Director Diploma from the Australian Institute of Company Directors.

Richard Quesnel appointed as President & CEO

Mr. Quesnel stated, “I am pleased to be transitioning to President and Chief Executive Officer, and thrilled to welcome Brett Lynch, a seasoned lithium mining executive, as CLM’s Executive Chairman of the Board. Using our combined technical experience, we intend to keep the company focused on defining a lithium mineral resource base and vertically integrating downstream by taking advantage of our close proximity to North America’s only operating lithium mine.”