Company Announcements

KELOWNA, British Columbia--(BUSINESS WIRE)--Aug. 6, 2025-- Kiboko Gold Inc. (TSXV: KIB) (“Kiboko” or the “Company”) announces a series of changes to its executive leadership and Board of Directors, effective immediately.

Craig Williams has been appointed Interim President and Chief Executive Officer (CEO), succeeding Jeremy Link, who is stepping down from his executive role to focus on other professional pursuits. Mr. Link will continue to serve as Chair of Kiboko’s Board of Directors, ensuring continuity and strategic support during this transition.

Mr. Williams, a co-founder of Kiboko and a director since the Company’s formation in 2019, is a Professional Geologist with over two decades of experience in resource exploration, project financing, project development, and corporate leadership. He will serve in this interim capacity while the Board conducts a formal search for a permanent President and CEO.

The Company also announces the appointment of Michael Gheyle to the Board of Directors, replacing Amanda Sorsak, who has stepped down. Kiboko thanks Ms. Sorsak for her valuable contributions and dedicated service.

Mr. Gheyle brings more than 30 years of experience in international capital markets, including wealth management, derivative trading, corporate finance, institutional sales, M&A, venture capital, and private equity. He has supported companies across a wide range of industries in raising more than $100 million and has held executive, board, and advisory roles with numerous public and private companies. Most recently, he served as CEO and Chairman of Discovery Lithium Corp. He currently sits on the boards of Oyama Capital Corp. and Naked Revival Inc., and advises Solo Automotive Inc., IdBase Technologies Inc., Ameriwest Lithium Inc., and Nova Pacific Metals Corp.

These leadership and governance changes reflect the Company’s commitment to advancing its exploration assets, positioning the business for long-term growth, and maximizing shareholder value.

Additional information about Kiboko can be found on SEDAR+ at www.sedarplus.ca and on the Company’s website at www.kibokogold.com.

About Kiboko Gold Inc.

Kiboko is a Canadian-based exploration company focussed on advancing its Harricana Gold Project, located 55 km north of Val-d’Or, Québec, within the world-renowned southern Abitibi gold belt. Kiboko’s shares trade on the TSX Venture Exchange under the symbol “KIB”.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward Looking Statements

This news release includes certain “forward-looking statements” which are not comprised of historical facts. Forward looking statements include estimates and statements that describe the Company’s future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition, belief, estimate or opinion, or result to occur. Forward looking statements may be identified by such terms as “believes”, “anticipates”, “expects”, “interpreted”, “pending”, “suggests”, “preliminary”, “estimates”, “confident”, “may”, “aims”, “targets”, “could”, “would”, “will”, or “plans” and similar expressions, or that events or conditions “will, “would”, “may”, “can”, “could” or “should” occur, or are those statements, which, by their nature, refer to future events. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based upon information currently available to the Company, the Company provides no assurance that actual results will meet management’s expectations. Risks, uncertainties, and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward looking information.

Forward looking information in this news release may include, references to potential management changes, board composition, strategic reviews, or limited ongoing corporate or project activities. These statements reflect current expectations based upon information available to management as of the date hereof and are subject to a number of known and unknown risks, uncertainties, and assumptions. Given the Company’s current stage and limited operational activity, there can be no assurance that any forward-looking statement will prove accurate, or that future developments will occur in the manner or timeframe anticipated. Actual results and developments may differ materially from those expressed or implied by the forward-looking statements. These risks and uncertainties include, among others, limited financial resources, potential inability to secure additional financing, market conditions, limited exploration activity, regulatory risks, commodity price fluctuations, and other risks described in the Company’s public filings on SEDAR+ (www.sedarplus.ca). Readers are cautioned not to place undue reliance on forward-looking statements. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future developments, or otherwise, except as required by applicable securities laws.

All amounts are in Canadian dollars, unless otherwise stated.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250805928422/en/

For further information, please contact:

Jeremy Link
Director and Chairman
jlink@kibokogold.com
+1 (778) 381-5949 x 1

Brad Boland
Executive Vice-President & CFO
bboland@kibokogold.com
+1 (778) 381-5949 x 2

Source: Kiboko Gold Inc.