Lipari Mining Ltd. announced the retirement and resignation of Mr. Bruce Ramsden as a Director. Mr. Ramsden previously served as Lipari's Chief Financial Officer prior to the Company's listing on the Cboe Canada Exchange and played a key role in guiding the Company through that milestone. The Board thanks Mr. Ramsden for his significant contributions and wishes him well in retirement.

Lipari announced the appointment of Mr. José Fabio Borges to the Board of Directors, filling the vacancy created by Mr. Ramsden's departure. Mr. Borges is a seasoned finance and accounting executive with over 25 years of experience, including more than a decade in leadership roles within the mining industry. He currently serves as Finance Manager for Centaurus Metals Ltd., where he oversees financial and accounting operations for the Jaguar Nickel Project in Brazil.

He previously served as Finance Director and a Board member at Lipari Mineração Ltd., where he was instrumental in shaping financial strategy, securing project financing, and supporting the successful development of the Braúna diamond mine. His career includes senior finance positions at Mirabela Mineração, Sears Canada, and the American Harsco Group. Mr. Borges holds an MBA in Finance from IBMEC Business School, a postgraduate specialization in Strategic Financial Management, and bachelor's degrees in both Accounting Sciences and Business Administration.