Toogood Gold Corp. Appoints Lee Hess as Vice President, Exploration

Executive Summary

• Toogood Gold Corp. appointed Mr. Lee Hess, M.Sc., as Vice President of Exploration.
• The appointment includes a grant of 250,000 stock options at $0.11 CAD and 150,000 RSUs, subject to TSX Venture Exchange approval.
• Former VP of Exploration, Jo Price, will move to an advisory role.

Key Details

• Appointment: Mr. Lee Hess, M.Sc., becomes Vice President, Exploration, responsible for exploration strategy, geological modelling, and target generation at the Table Mountain Project (Nevada) and Toogood Gold Project (Newfoundland).
• Compensation Package: 250,000 stock options exercisable at $0.11 CAD per share for five years; 150,000 restricted share units (RSUs), both subject to vesting under the company’s equity incentive plan and TSX Venture Exchange approval.
• Transition: Jo Price transitions from Vice President, Exploration to an advisory role, continuing strategic guidance for exploration programs.
• Background of Mr. Hess: 15 years experience in structurally controlled gold systems; most recent role was Senior Geologist, Global Project Generation at SSR Mining Inc., with work across Canada, the United States, and Argentina.
• Quotes:
• Colin Smith (CEO) highlighted Mr. Hess’s technical abilities and structural geology expertise.
• Mr. Hess expressed enthusiasm for advancing maiden drill targets at Table Mountain and district‑wide exploration in Newfoundland.

Notable Quotes

“His deep background in structurally controlled gold systems and project generation will further strengthen our disciplined approach to portfolio growth, and we are very pleased to welcome him to the team.” – Colin Smith, CEO

“I look forward to integrating structural interpretation with high‑impact systematic exploration to rapidly define and prioritize high‑quality maiden drill targets…” – Lee Hess, VP, Exploration