Brookmount Gold Announces Key Management Appointment

Rhea-AI Summary

Brookmount Gold (OTC PINK:BMXI) has appointed Michael Melamed as Director of Finance & Operations, effective immediately. Melamed brings over 30 years of experience in corporate finance, operations, and investor relations, with significant expertise in the mining sector.

Melamed, a Chartered Accountant from Australia, has served as CFO for several mining companies including Nova Minerals (NASDAQ/ASX listed), Asra Minerals, and Viridis Mining. He will focus on upgrading financial controls, coordinating audit activities between Indonesia and US operations, and improving operational management.

The appointment aligns with Brookmount's preparation for a potential uplisting, as stated by CEO Nils Ollquist.

Positive

• Appointment of experienced Director with over 30 years in finance and operations
• New hire brings dual-listed company experience (NASDAQ/ASX)
• Strategic move towards improving financial governance and reporting systems
• Preparation for potential uplisting indicates growth plans

Negative

• Current OTC Pink listing suggests lower tier market status
• Need for upgrading and improving financial systems indicates potential existing weaknesses

RENO, NEVADA / ACCESS Newswire / August 13, 2025 / Brookmount Gold (sic: Brookmount Explorations, Inc.) (OTC PINK:BMXI), a gold exploration and production company, is very pleased to announce the appointment of Michael Melamed as Director, Finance & Operations, effective immediately. Michael will be focused on directing and coordinating both the financial and operational responsibilities of the Company, including supervising the upgrading and expansion of financial controls and systems, coordination of audit activities between Indonesia and US and operations management, with particular focus on US.

Michael is a senior corporate finance and operations specialist with over 30 years experience across financial reporting, mergers & acquisitions, corporate operations and admin. and investor relations. He holds a business degree in accounting and finance from the University of Technology, Sydney and is a Member of the Institute of Chartered Accountants in Australia (CAA). Michael has served as Chief Financial Officer for Nova Minerals, a gold and minerals company dual listed on NASDAQ and ASX (Australian Stock Exchange), ASX listed Asra Minerals and Viridis Mining and Minerals, both gold resource focused. He also currently serves as Director of ASX listed Ragusa Minerals.

"I am very pleased that Michael has agreed to join the Brookmount management team," Nils Ollquist, CEO of Brookmount commented; "He has extensive experience in the operations of mining companies, both in the US and Australia, with a particular focus on gold, and his hands on CFO experience with listed companies in US and Australia will be an important asset for Brookmount. Michael's appointment will strengthen our executive team and provide vital support in upgrading and improving our financial governance and reporting systems."

Mr Ollquist concluded: "We will continue to strengthen and enhance our management team as we prepare the Company for uplisting and beyond."

About Brookmount Gold

Founded in 2018, Brookmount Gold is a high-growth gold-producing company quoted on OTC Markets in the United States (OTC: BMXI). With operating gold mines in Southeast Asia and exploration and production assets in North America, the company is focused on acquiring and developing high-quality gold assets with JORC/NI 43-101 verified resources.

Safe Harbor Statements:

Except for the historical information contained herein, certain of the matters discussed in this communication constitute "forward-looking statements" within the meaning of the Securities Litigation Reform Act of 1995. Words such as "may," "might," "will," "should," "could," "anticipate," "estimate," "expect," "predict," "project," "future," "potential," "intend," "seek to," "plan," "assume," "believe," "target," "forecast," "goal," "objective," "continue" or the negative of such terms or other variations thereof and words and terms of similar substance used in connection with any discussion of future plans, actions, or events identify forward-looking statements. These forward-looking statements include, but are not limited to, statements regarding benefits of the proposed license, expected synergies, anticipated future financial and operating performance and results, including estimates of growth. There are a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements included in this communication. For example, the expected timing and likelihood of completion of the pending transaction, including the timing, receipt and terms and conditions of any required governmental and regulatory approvals of the pending transaction that could reduce anticipated benefits or cause the parties to abandon the transaction, the ability to successfully integrate the businesses, the occurrence of any event, change or other circumstance that could give rise to the termination of the negotiations, the risk that the parties may not be able to satisfy the conditions to the proposed transaction in a timely manner or at all, risks related to disruption of management time from ongoing business operations due to the proposed transaction, the risk that any announcements relating to the proposed transaction could have adverse effects on the market price of Brookmount's common stock. All such factors are difficult to predict and are beyond our control. We disclaim and do not undertake any obligation to update or revise any forward-looking statement in this report, except as required by applicable law or regulations.

Investor Relations Contact: info@chesapeakegp.com or 410 825 3930
Website: https://www.brookmountgold.com

Corporate Contact:
corporate@brookmountgold.com

Social Links: Brookmount Gold X (Formerly Twitter);
https://x.com/brookmountgold (@BrookmountAu)

SOURCE: Brookmount Explorations, Inc.

View the original press release on ACCESS Newswire

FAQ

Who is Michael Melamed and what is his new role at Brookmount Gold (BMXI)?

Michael Melamed has been appointed as Director of Finance & Operations at Brookmount Gold. He brings over 30 years of experience in corporate finance and operations, including CFO roles at several mining companies.

What experience does Michael Melamed bring to Brookmount Gold (BMXI)?

Melamed has served as CFO for Nova Minerals (NASDAQ/ASX listed), Asra Minerals, and Viridis Mining. He is a Chartered Accountant with extensive experience in financial reporting, M&A, operations, and investor relations.

What are Michael Melamed's main responsibilities at Brookmount Gold (BMXI)?

His main responsibilities include directing financial and operational activities, upgrading financial controls and systems, coordinating audit activities between Indonesia and US operations, and improving operational management.

What are Brookmount Gold's (BMXI) future plans following this appointment?

According to CEO Nils Ollquist, the company is preparing for an uplisting and plans to continue strengthening its management team for future growth.

When does Michael Melamed start his role at Brookmount Gold (BMXI)?

Michael Melamed's appointment as Director of Finance & Operations is effective immediately as of the announcement on August 13, 2025.