Tsodilo Resources Limited Joins The ResponsibleSteel(TM) Organization

TORONTO, ON / ACCESSWIRE / May 24, 2023 / Tsodilo Resources Limited ("Tsodilo" or the "Company") (TSX-V:TSD)(OTCQB:TSDRF)(FSE:TZO) is pleased to announce that it has been accepted for membership in the ResponsibleSteel™ organization.

About ResponsibleSteel™

ResponsibleSteel is a global not-for-profit multistakeholder standard and certification initiative whose mission is to be a driving force in the socially and environmentally responsible production of net-zero steel, globally. Building a sustainable steel industry requires cooperation and mutual commitment from companies at all levels of the steel supply chain, representatives of civil society, and other stakeholders and ResponsibleSteel provides the forum for this multi-stakeholder approach. Their members include some of the leading players in the industry working together to minimize the impact of steel manufacturing on people and the planet. Additional information can be found at www.responsiblesteel.org.

The ResponsibleSteel International Standard is designed to support the responsible sourcing and production of steel. It covers a range of sustainability issues including emissions, pollution, responsible sourcing, human rights, labour standards, and more. Their global standard and certification program will ensure businesses and consumers can be confident that the steel they use has been sourced and produced responsibly at every stage. Additionally, ResponsibleSteel is working with the mining sector, to recognize various sustainability programs and to create a common platform for engaging with stakeholders.

James M. Bruchs, Tsodilo's Chairman and CEO commented, "Tsodilo adopted the International Finance Corporation's (IFC) Environmental, Health and Safety Guidelines for Mining when IFC became a shareholder more than a decade ago and we have worked diligently to advance the XIF project within those guidelines. Becoming a member of ResponsibleSteel furthers our goal of becoming the supplier of an ultra-high grade ⁺67% Fe product to the industry and doing what we can to reduce greenhouse gas emissions (GHG) by becoming part of the "green steel" movement".

Annie Heaton, CEO of ResponsibleSteel said, "We are delighted to welcome Tsodilo Resources as a ResponsibleSteel member. As the decarbonisation challenge for steel tilts the focus towards the best sustainability opportunities the upstream value chain has to offer, innovative mining companies like Tsodilo are positioned to play a vital role in the journey towards net zero. By joining ResponsibleSteel, our mining members make a commitment to the highest social and environmental goals. Tsodilo is laying down an important foundation stone today, to be a force for good in the steel value chain, and we look forward to working with them closely."