Aclara Announces Appointment of Executive Vice President

TORONTO, ON / ACCESSWIRE / April 4, 2024 / Aclara Resources Inc. ("Aclara" or the "Company") (TSX:ARA) is pleased to announce the appointment of José Augusto Palma as Executive Vice President of the Company effective June 1, 2024.

José Augusto will be a key member of the Company's leadership team and will be closely involved in all activities of strategic significance to the Company, including leading the development of relationships with public and private stakeholders and business partners, overseeing the permitting strategy, management of complex strategic issues and the development of corporate strategy and governance.

Ramon Barúa, CEO of Aclara, commented: "José Augusto is a fantastic addition to the Aclara team and will play a key role in the development of our two key projects in Chile and Brazil. He brings significant experience in the resources sector and has a proven track record of delivering results in the various positions he has held. Mr. Palma has previously led a team of professionals responsible for the approval of eight environmental and operational permits for mining projects in various countries, including in the State of Goiás in Brazil, and capital market transactions totaling approximately $3 billion. His appointment strengthens Aclara's senior management team in areas that are critical for the development of the Penco Module in Chile and the Carina Project in Brazil."

José Augusto is a senior mining executive with over 17 years of experience in the sector and currently Vice President, Legal & Corporate Affairs of Hochschild Mining PLC ("Hochschild"), a leading precious metals mining company listed on the London Stock Exchange with mining operations and projects in Argentina, Brazil, Chile and Peru. Mr. Palma joined Hochschild in 2006, and during his tenure has had direct responsibility over the legal, permitting, sustainability and institutional affairs matters of Hochschild, allowing him to develop a deep understanding of the region and its key stakeholders.

Prior to joining Hochschild, José Augusto had a successful 13-year legal career in the United States, where he was a partner at the D.C. law firm of Swidler Berlin, and subsequently worked at the World Bank. He also served in the Government of Peru for two years from 2002 to 2004.

José Augusto has been serving as a board member of Aclara since June of 2023 as a nominee of Hochschild but will step down as a director at Aclara's upcoming annual general meeting. He is a board member of the National Association of Mining, Petroleum and Electricity Industries in Peru (SNMPE) where he served as President of the Mining Sector between 2019 and 2020.