Tucson, Arizona--(Newsfile Corp. - October 1, 2026) - Alaska Silver Corp. (TSXV: WAM) (OTCQX: WAMFF) (the "Company" or "Alaska Silver") is pleased to announce the transition of Aaron Schutt to Chief Executive Officer of the Company, effective October 1, 2026. As previously announced on June 11th, Mr. Schutt succeeds Mr. Christopher (Kit) Marrs, co-founder of the Company, as President and Chief Executive Officer. Mr. Marrs remains Executive Chairman of the Company's board of directors and will continue in that role following this transition to maintain continuity and provide technical advice.
"Passing the Torch"
Kit Marrs passes the company's Waterpump Creek high-grade core to Aaron Schutt as a symbolic transfer of leadership to the new CEO of Alaska Silver
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Mr. Schutt was appointed to the Company's board of directors in May 2026 and brings extensive leadership experience in Alaskan-based business enterprises. Mr. Schutt, an Alaska Native, was President and CEO of Doyon Limited until June 1, 2026. In his role as CEO and President, Mr. Schutt was responsible for the overall direction of the Doyon Family of Companies with +$500 million of revenue. During his 20 years with Doyon, Mr. Schutt led the company in its pursuit of responsible natural resource development, arctic-focused businesses, and utilities development serving US military bases in Alaska, along with many traditional uses of the lands.
Aaron Schutt stated: "Since joining the Board of Directors in June, I have become increasingly excited about the opportunities ahead for the Company. As I assume the role of Chief Executive Officer, I look forward to helping lead the Company's next chapter of growth. This role is particularly meaningful to me given my longstanding ties to Interior Alaska and my belief in its tremendous potential. I will work closely with our Board, management team, technical experts, and local stakeholders to advance the Company's objectives and create long-term value for shareholders."
Kit's transition marks the culmination of over fifty years as an exploration geologist. Kit first worked at Illinois Creek in the 1980's for Anaconda Copper Co. and later co-founded Western Alaska Copper & Gold Co. with his wife Joan, in 2010. Kit's work includes seventeen years of dedicated service to Alaska Silver and its predecessor companies. He has served as its President and Chief Executive Officer since inception, guiding Alaska Silver through its formative years as a private company, including its listing on the TSX Venture Exchange in 2021 and on the OTCQX market in 2025. He has been integral in the advancement of the Company's flagship Illinois Creek Project in western Alaska. Kit will continue to serve the company as Executive Chairman.