Robex Resources Inc. Announces Management and Board Changes

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QUEBEC CITY, Sept. 21, 2023 (GLOBE NEWSWIRE) -- Robex Resources Inc. (TSXV: RBX) (“Robex” or the “Company”) announces management changes, effective as of September 21^st, 2023.

Since the beginning of their first investment in Robex in 2013, the Cohen family members supported the Company by developing and operating the Nampala mine in Mali. They have been constantly engaged in operating within the industry standard thanks to their key executive positions, and long-term financial backing.

They have been committed to deliver external growth strategy with the business combination with Sycamore Mining Limited in 2022. The past two years have been transformational for the Company with (i) the integration of Sycamore and teams, and (ii) the first developments of the Kiniero Gold Project in Guinea.

Supported by the Cohen family, the Company reinforced the executive and board members over the last 12 months with mining professionals to progress the strategy to become a multi-asset multi-jurisdiction gold producer in West Africa.

On the back of latest management changes announced, the Cohen family now feels that this transition has been completed, and it is time for them to step down from their executive roles. They will continue to pay a particular attention to Robex, in which they remain shareholders and Directors.

• Benjamin Cohen, current President of the Company, is stepping down from his executive position but will continue to advise the management team as Lead Director;
• Georges Cohen, current Senior Vice-President Strategic Development and Long-Term Growth, is stepping down from his executive position but remains Director;
• Julien Cohen, current Senior Vice-President Sales and Financial Affairs is stepping down from his executive position but will continue to advise the management teams as Director.
  

Other Board and committee changes are:

• Michel Doyon and Christian Marti are retiring as Board members;
• Aurélien Bonneviot is appointed as Board member, replacing Michel Doyon;
• Matthew Sharples is appointed as Board member as Eglinton nominee, replacing Christian Marti;
  

Creation of an Environmental, Social and Governance Committee (ESG) and of a Technical Committee and appointments at the Audit and risk and remuneration committees:

• ESG: Claude Goulet, Aurelien Bonneviot and Benjamin Cohen. The ESG committee will be responsible to review and recommend changes to Robex’ policies and operations to ensure that environmental issues, social issues and corporate governance issues are taken into account in the business decisions and operations of the company;
• Technical Committee: Gerard De Hert, Richard Faucher, Matthew Sharples and Benjamin Cohen. This committee was created to review the Kiniero project technical decisions and the Nampala growth opportunities;
• Audit and Risk: Claude Goulet, Julien Cohen, Thomas Lagrée;
• Remuneration: Richard Faucher, Claude Goulet, Thomas Lagrée;

Other Management Team changes include: