Mountain Valley MD Announces Appointment of New CFO

Mountain Valley MD Holdings Inc. (the “Company” or “MVMD”) (CSE: MVMD) (OTCQB: MVMDF) (FRA: 20MP) is pleased to announce the appointment of Lucie Letellier to the role of Chief Financial Officer effective September 11, 2023. Ms. Letellier succeeds Aaron Triplett, who previously served as Chief Financial Officer and will remain as a non-executive consultant of the Company through November 30, 2023 in order to ensure a seamless transition.

“I am very pleased to welcome Lucie Letellier to this important role and look forward to capitalizing on her leadership and expertise to support MVMD’s commercialization growth phase and the scaling of our operations,” said Dennis Hancock, President & CEO of the Company. “Ms. Letellier’s proven track record of results-driven leadership, strategic thinking and financial acumen comes at an important time for MVMD as we navigate complex international sales, royalty, and tax strategies.”

With a distinguished financial career spanning more-than 25 years, Ms. Letellier brings a wealth of expertise in public markets and international business. Ms. Letellier originally served as the CFO of Mountain Valley MD Inc. (MVMD’s wholly owned subsidiary), where she skillfully navigated a complex Reverse Takeover (RTO) transaction in February 2020 and led multiple financing rounds in the establishment of the business. Ms. Letellier transitioned into an advisory role with the Company in May of 2020 as she took a leave of absence from full-time responsibilities to prioritize family commitments. Her extensive financial expertise has been showcased in numerous roles over her career, including CFO of Paramount Gold and Silver Corp. (NYSE/TSX: PZG). At Paramount Gold, she supported the company's growth, overseeing $30 million in equity financing, which ultimately led to its acquisition by Coeur Mining (NYS: CDE) for $200 million. Lucie's extensive experience includes key financial leadership positions in various multinational corporations across numerous stock exchanges, including CFO roles at Crestwell Resources (CSE: CER), Everton Resources Inc. (EVR: TSX-V), and Albert Mining Inc. (MJX: TSX-V).

“Ms. Letellier brings a deep understanding of financial reporting for both US and Canadian public companies, tax compliance, corporate governance, and continuous disclosure requirements,” continued Mr. Hancock. “Ms. Letellier’s ability to navigate diverse regulatory environments, manage currency fluctuations, and adapt to cultural nuances across international markets will be invaluable on our leadership team.”