Route 109 Appoints Irwin as Director

Route 109 Resources Inc. (RTE) announced the appointment of Chris Irwin to its board of directors to restore compliance with TSX Venture Exchange Policy 3.1 regarding the minimum number of directors and independence requirements. Following the appointment, the company's common shares resumed trading on the TSX Venture Exchange under the symbol "RTE" at market open on June 30, 2026.

Irwin, who has served as Managing Partner of Irwin Lowy LLP since January 2010, brings extensive experience in securities and corporate/commercial law to the board. His addition brings the total number of independent directors to three, comprising Irwin, Wanda Cutler, and Verlee Webb. All three directors are members of the audit committee. This composition ensures compliance with TSX Venture Exchange Policy 3.1, which requires listed issuers to have at least three directors, two of whom are independent.

Despite resolving the director count issue, the company remains non-compliant with the requirement to have a CEO. Robert Pryde has resigned from the position, and no replacement has been appointed yet. The board is actively searching for a new CEO and intends to fill the position shortly.

"With the addition of Mr. Irwin to the Company's board of directors, the Company is again compliant with the requirements under TSX Venture Exchange (the 'Exchange') Policy 3.1, that a listed issuer have at least three directors, two of whom are independent," the company stated. However, it acknowledged the ongoing leadership gap: "The Company has not yet appointed a new CEO to replace Robert Pryde following his resignation, and is deficient of the requirement that each issuer is required to have a CEO under Exchange Policy 3.1."