Steppe Gold Ltd. announced that the chief executive officer of the Company (the CEO), Mr. Bataa Tumur-Ochir will also assume the role of Chairman, effective immediately. Mr. Bataa Tumur-Ochir is a founding Director of Steppe Gold and he has led the Company as CEO since December 2019. He is also now the shareholder of the Company, on a partially diluted basis.

He has been instrumental in the management and growth of the Company since listing, guiding the ATO Gold Mine from a greenfield site on the Mongolian steppe to a modern and international standard gold mine in Mongolia now in its fourth year of production. Mr. Matthew Wood, retiring Chairman of the Company, will remain in the role of a Non-Executive Director and will continue to act as an advisor to the Board.