Arizona Sonoran Discusses $35 Million Financing, including Strategic Investment by Rio Tinto

George Ogilvie, has over 32 years of management, operating and technical experience in the mining industry. Mr. Ogilvie was until most recently the President & CEO of Battle North, a position he was appointed to, in 2016 whilst the company was under financial insolvency & restructuring proceedings. During his 5 year tenure at Battle North, Mr. Ogilvie and his team successfully completed a turnaround of the company resulting in an increase in the resource base from 400 k ounces Au to approximately 1.3 million oz Au, completion of a positive bulk mining reconciliation program resulting in de-risking of the project, delivery of a preliminary economic assessment and follow on feasibility study in relation to the project with a post-tax IRR of 50% and completion debt and equity financing of over C$100m associated with project construction. Battle North was acquired by Evolution Mining Limited in May 2021 at a 45% premium to the prevailing spot price. Prior to this, Mr. Ogilvie was the CEO of Kirkland Lake Gold Inc. where he and his team implemented a turnaround strategy which included, amongst other items, improving operations at the Macassa Mine and the acquisition of St. Andrew Goldfields, resulting in significant returns for shareholders. Previously, Mr. Ogilvie was the CEO of Rambler Metals and Mining PLC, where he and his team guided the evolution of the company from grassroots exploration to a profitable junior producer. Mr. Ogilvie began his mining career in 1989 with AngloGold in South Africa and he subsequently held other roles at the Ruttan Mine in Northern Manitoba for HudBay Minerals Inc., the McCreedy West Mine and also as Area Manager for Dynatec Corporation. Currently, Mr. Ogilvie also serves on the board of Rupert Resources Ltd. Mr. Ogilvie received his B.Sc. (Hons.) in Mining and Petroleum Engineering from Strathclyde University in Glasgow, Scotland. He is a Professional Engineer and also holds his Mine Managers Certificate (South Africa).

Anthony is a Consulting Resource Geologist with over 22 years of experience in the mining industry and expertise across numerous countries and a range of commodities: from low tonnage high grade precious metals to bulk tonnage base metals. He provides resource modeling and technical services consulting skills for underground and open pit projects, from exploration and development through to production. Anthony was previously the Corporate Mineral Resource Manager for Klondex Mines Limited and has worked for various mining companies including BHP Billiton and Newmont. Anthony is the Principal Resource Geologist for InterGEO Resource Consulting based in Brisbane Australia, He has a bachelor’s degree in Geology with Honours in Structural Geology from the University of Adelaide and is a member of the Australian Institute of Mining and Metallurgy (AusIMM).