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TOUBANI APPOINTS SENIOR MINING EXECUTIVES SCOTTPERRY AND MARK STRIZEK TO THE BOARD OF DIRECTORS

Toubani Resources Inc is pleased to announce the appointments of Mr Scott Perry and Mr Mark Strizek to the Board as Non-Executive Directors, effective
today. Mr Perry and Mr Strizek are both highly experienced senior mining executives in the industry with
a proven track record in corporate initiatives and advancement of development stage assets.
Non-Executive Directors Mr Jan-Erik Back and Mr Doug Jendry are retiring from the Board, effective today.
Accordingly, the Toubani Board of Directors now consists of Danny Callow as Executive Chairman, Tim
Kestell, Scott Perry and Mark Strizek as Non-Executive Directors, and Phil Russo as Chief Executive Officer
and Executive Director. Mr Callow, as previously planned, will transition to Non-Executive Chairman as of
1 June 2023.

Chief Executive Officer and Executive Director, Phil Russo commented:
“The addition of Scott and Mark to the Toubani Board is testament to the unlocked potential seen in the
Kobada gold project. This potential is magnified when coupled with the currently ascribed market value of
the Company. On behalf of the Board, I would like to thank Jan-Erik and Doug for their guidance in
repositioning the Company and wish them well in their future endeavours. I also welcome Scott and Mark
and look forward to drawing from their experience going forward. Toubani’s now simplified listing
structure, its continued exploration momentum and current optimisation efforts to right size the project,
combined with the bolstering of our Board and management team auger positively in driving Kobada
forward towards realising the value in the asset for our stakeholders.”

Director Biographies
Mr Scott Perry has over 25 years of international senior executive experience in the mining industry with
a track record in corporate transactions, project financing and development. Previously, Mr Perry was the
Chief Executive Officer & Director of Centerra Gold from 2015 to 2022, a global intermediate gold
producer where he led the US$1.1 billion acquisition of Thompson Creek Metals in 2016 and the US$240
million acquisition of AuRico Metals in 2017, amongst several other corporate initiatives. Prior to joining
Centerra, Mr Perry served as Chief Executive Officer & Director of AuRico Gold, leading AuRico’s US$1.5
billion merger with Alamos Gold in 2015. Prior to joining AuRico Gold, Mr Perry held increasingly senior
roles with Barrick Gold in Australia, the United States, and Russia & Central Asia. Mr Perry is a former
Director of the World Gold Council serving as the Audit Committee Chairman. Mr Perry holds a Bachelor
of Commerce degree from Curtin University, a post-graduate diploma in Applied Finance and Investment
and a CPA designation.

Mr Mark Strizek is a geologist and resource industry professional with over 27 years in the mining industry
with experience in gold, base and technology metal projects. Mr Strizek has worked extensively as an
executive with management and Board responsibilities across Australia, West Africa, Asia and Europe.
Most recently, Mr Strizek was a Director and Executive Director (2017 to 2023) of ASX-listed Tietto
Minerals which went from IPO in 2018 to first gold at its 4.5Mtpa gold project in Côte d’Ivoire in January
2023, and was admitted to the ASX 300 in March 2023. Mr Strizek was previously Managing Director of
Vital Metals Limited, an ASX-listed company from 2011 to 2019. Mr Strizek holds a Bachelor of Science
and a post-graduate certificate in Geostatistics.
In connection with the appointments, 400,000, 400,000 and 150,000 options at an exercise price of
A$0.35, expiring three years from the date of issue will,subject to shareholder approval at the Company’s
upcoming Annual General Meeting, be issued to Mr Perry, Mr Strizek and Mr Kestell, respectively.

This announcement was authorised for release to the ASX by the Board of Toubani Resources Inc.
For more information:

Phil Russo Jane Morgan
Chief Executive Officer and Executive Director Investor and Media Relations
+61 (0) 478 138 627 +61 (0) 405 555 618
phil.russo@toubaniresources.com jm@janemorganmanagement.com.au

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