Toronto, Ontario--(Newsfile Corp. - July 8, 2026) - Abitibi Metals Corp. (CSE: AMQ) (OTCQB: AMQFF) ("Abitibi" or the "Company") is pleased to announce the appointment of Keith Gorman, CPA as Chief Financial Officer of the Company, effective immediately.
Mr. Gorman brings extensive financial leadership experience across the mining sector to Abitibi at a pivotal stage in the Company's growth. He joins the Company from Foran Mining Corporation, where he was the Director of Financial Planning and Analysis. Prior to that, he held progressively senior roles across corporate and operational finance at Kirkland Lake Gold Ltd and at Alamos Gold's Young Davidson Mine. His background spans corporate finance, strategic planning, financial reporting and the operational demands of advancing mineral projects toward development.
As Chief Financial Officer, Mr. Gorman will lead the Company's finance function and play a central role in supporting Abitibi's strategy as it advances the flagship B26 Polymetallic Project and pursues district-scale consolidation across the Selbaie Camp.
The Company also extends its sincere thanks to Eric Myung, who has served as Chief Financial Officer since Abitibi became a public company and who will continue with the Company in a consulting role.
"We are delighted to welcome Keith to the Abitibi team," said Jonathon Deluce, CEO of Abitibi Metals. "His time at Foran Mining, one of the standout growth stories in base and precious metals development, combined with his strong experience in operational finance gives him a rare view across the full project lifecycle, from exploration through to production discipline. That perspective will be invaluable as we advance B26 and pursue consolidation across the Selbaie Camp."
Keith Gorman, CFO commented: "I am excited to be joining Abitibi Metals as it continues to advance its' B26 Project and look forward to contributing to the development of a disciplined, scalable finance platform in support of the Company's strategic objectives and continued growth."
In accordance with the Company's omnibus incentive plan, it has granted 200,000 incentive stock options (the "Options") to Mr. Gorman. The Options are exercisable at $0.65 per share for a period of five years. In addition, the Company has granted Mr. Gorman 200,000 restricted share units (the "RSUs"), which will vest in line with the Company's policy.
Operations Update: Temporary Suspension of Activities at B26 Due to Quebec Forest Fire Risk
Abitibi also announces that it has temporarily suspended all drilling and field exploration activities at its B26 Project and safely evacuated all site personnel and contractors following an evacuation order issued by SOPFEU (Société de protection des forêts contre le feu) and Quebec's Ministère des Ressources naturelles et des Forêts, due to increasing wildland fire danger in the area.