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Appointment of David ThomasPosted: 09/27/2023 | Posted By: News Resource/Publisher

Vancouver, British Columbia – September 7, 2023 – THEMAC Resources Group Limited (TSX VENTURE: MAC) (“THEMAC” or the “Company”) today announced the appointment of David Thomas as Executive Vice President of Operations and Development. Mr. Thomas will lead the Copper Flats Project through its critical phases, including project development and commercial production, following the retirement of Mr. Jeff Smith, the company’s COO.

As Executive Vice President of Operations and Development, including his role as General Mine Manager of Copper Flat Mine, Mr. Thomas will lead the company’s flagship project in New Mexico. He brings with him a wealth of experience, having previously served in various executive roles such as Senior Vice President of Project Development, EPC, and Technical Services Manager for major mining companies in the USA and abroad. Mr. Thomas has over a quarter of a century of experience in the mining industry, with significant international exposure in the United States, Alaska, Mexico, Russia, and Canada. He has held key leadership positions in Technical Services, Operations, and Project Development, most recently serving as General Manager of USA Operations for an international mining company with three properties in New Mexico.

Mr. Thomas will assume the responsibilities previously held by Mr. Jeff Smith, COO of THEMAC, who has chosen to retire. Jeff’s connection to the Copper Flat mine is deeply rooted, as his mining journey began there after graduating from university as a Mining Engineer. He returned to the project in 2012 shortly after it was acquired by THEMAC, playing an instrumental role in the company’s efforts to revive the mine. As COO, Jeff played a pivotal role in achieving numerous key milestones, including various feasibility studies, securing critical permits, advancing engineering studies, and fostering strong relationships with stakeholders, all of which significantly contributed to the project’s advancement.

Comment from Andrew Maloney, CEO of The Mac:

“I am delighted to welcome David Thomas to The Mac as our new Executive Vice President of Operations and Development. After a thorough recruitment process, we believe David is the right person with the right experience to lead the company as we advance towards developing the Copper Flats Project. His expertise and leadership in the mining industry make him an invaluable addition to our team, and I am very much looking forward to working closely with him.

I would also like to express our gratitude to Jeff Smith. Jeff has been an integral part of THEMAC, and his dedication and hard work have played a significant role in bringing us to the excellent position we are in today. We were fortunate to have Jeff working with us, and we wish him all the best in his well-deserved retirement. We look forward to continuing our relationship with Jeff as he continues to advise the company.”

ABOUT THEMAC RESOURCES GROUP LIMITED

THEMAC is a copper development company with a strong management team and, as of May 18, 2011, a 100% ownership interest in the Copper Flat copper-molybdenum gold-silver project in New Mexico, USA. We are continuing to advance the closed copper mine, Copper Flat, in Sierra County, New Mexico, toward production with innovation and a sustainable approach to mining development and production, local economic opportunities, and the best reclamation practices for our unique environment. The Company is listed on the TSX Venture Exchange (ticker: MAC).

FORWARD-LOOKING STATEMENTS

This press release includes “forward-looking information” that is subject to a number of assumptions, risks, and uncertainties, many of which are beyond the control of the Company. Such statements are subject to all of the risks and uncertainties normally incident to such events. Investors are cautioned that any such statements are not guarantees of future events, and that actual events or developments may differ materially from those projected in the forward-looking statements. Such forward-looking statements represent management’s best judgment based on information currently available.

For further information, contact:

THEMAC Resources Group Limited

Andrew Maloney

Chief Executive Officer

Phone: +1 505.382.5770

Website: www.themacresourcesgroup.com