Pelangio Exploration Announces Retirement of CFO, Paul Rokeby

TORONTO, ON / ACCESSWIRE / May 23, 2023 / Pelangio Exploration Inc. (TSXV:PX)(OTC PINK:PGXPF) ("Pelangio" or the "Company") announces that Paul Rokeby has retired as Chief Financial Officer of the Corporation. Sabino Di Paola has been appointed as the Chief Financial Officer of Pelangio Exploration Inc.

Ingrid Hibbard, President and CEO, commented: "Paul has served Pelangio for over 25 years with exceptional professionalism and expertise. We were very fortunate to have such a long-standing CFO. He is well-deserving of retirement, and we wish him the best as he spends more time with his family. Mr. Di Paola comes highly recommended, and his track record demonstrates that Pelangio will be in good hands as we transition into this new era of the Company's business operations."

Paul Rokeby commented: "My years of affiliation with Pelangio Exploration Inc. have allowed me to work with a very dedicated team of professionals who have experienced great success, with the Detour Lake property, and are shaping a vision for the Company's properties both in Canada and Ghana. I learned much from working with Mr. Maurice Hibbard who was a visionary and trailblazer in the mineral exploration industry. I look forward to watching Ingrid Hibbard, Kevin Thomson, Sam Torkornoo and Sabino Di Paola as they work to enhance shareholder value."

With Mr. Rokeby's retirement, the Board has appointed Sabino Di Paola to the role of CFO. Mr. Di Paola is a Chartered Professional Accountant with over 15 years of public company and finance experience. Mr. Di Paola brings cross-industry experience in raising capital, strategic business planning, regulatory compliance, and corporate governance. Mr. Di Paola is the current CFO of Sandfire Resources America Inc and he has been the CFO for publicly traded companies operating within the mineral exploration and natural resources, natural health, biotech pharmaceutical and infrastructure sectors.

About Pelangio

Pelangio acquires and explores world-class land packages on strategic gold belts in Ghana, West Africa and Canada. In Ghana, the Company is exploring its two 100% owned camp-sized properties: the 100 km2 Manfo property, the site of seven near-surface gold discoveries, and the 284 km2 Obuasi property, located four km on strike and adjacent to AngloGold Ashanti's prolific high-grade Obuasi Mine, as well as its Dankran property located adjacent to its Obuasi property. See www.pelangio.com for further detail.