Discovery Announces Senior Management Appointment

Rhea-AI Summary

Discovery Silver Corp. (OTCQX: DSVSF) has appointed Alison White as its new Chief Financial Officer, effective immediately. White brings over 20 years of experience, most recently serving as CFO & Executive VP at SSR Mining Inc., where she led key functions including Finance, IT, Treasury, and Enterprise Risk Management.

White previously held various roles at Newmont Corporation, including Regional CFO for North America. She holds a Master's and B.S. in finance and accounting from the University of Colorado, Boulder, and is a CPA. The former CFO, Andreas L'Abbé, will transition to Senior Vice President, Finance, focusing on the Porcupine assets integration.

Discovery recently completed the acquisition of the Porcupine Complex from Newmont on April 15, 2025, establishing itself as a Canadian gold producer in the Timmins, Ontario region.

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• Management restructuring may require adjustment period

TORONTO, July 31, 2025 (GLOBE NEWSWIRE) -- Discovery Silver Corp. (TSX: DSV, OTCQX: DSVSF) (“Discovery” or the “Company”) today announced the appointment of Alison White to the position of Chief Financial Officer (“CFO”). The appointment is effective immediately.

Tony Makuch, Discovery’s CEO, commented: “We are very pleased to welcome Alison to Discovery’s leadership team. She brings extensive and diverse experience in both finance and operations that will prove beneficial as we invest to grow and create value for all stakeholders. In particular, Alison’s experience in CFO roles with SSR and, prior to that, Newmont provided her with significant knowledge that will be extremely helpful as we pursue the tremendous opportunities that exist to improve and grow our Porcupine Operations. Together, the Discovery team is driven to re-establish Porcupine as a Tier 1 asset in the global gold mining industry, and Alison will play a key role as we progress towards achieving that goal.”

Alison White is a highly experienced finance professional who, over her 20-plus year career, has established a solid track record of success serving in numerous financial and operational roles. Most recently, Alison served as CFO & Executive Vice President at SSR Mining Inc. (“SSR”), where she played a key role in designing and advancing SSR’s value creation strategy and led the transformation of several key functions, including Finance, IT, Treasury, Cyber Security, Enterprise Risk Management and Business Excellence. Prior to joining SSR, Alison worked in various corporate and regional roles at Newmont Corporation (“Newmont”), including serving as the Regional CFO for North America. Earlier in her career, she gained leadership and financial experience through senior positions across a variety of industries. Alison has a Master’s and B.S. in finance and accounting from the University of Colorado, Boulder, and is a licensed Certified Public Accountant.

Andreas L’Abbé, the Company’s former CFO, is transitioning to the role of Senior Vice President, Finance. In his new role, Andreas will continue to lead initiatives within the Finance division, including the ongoing integration of the Porcupine assets.

ABOUT DISCOVERY

Discovery is a growing North American-focused precious metals company. The Company has exposure to silver through its first asset, the 100%-owned Cordero project, one of the world’s largest undeveloped silver deposits, which is located close to infrastructure in a prolific mining belt in Chihuahua State, Mexico. On April 15, 2025, Discovery completed the acquisition of the Porcupine Complex from Newmont, transforming the Company into a new Canadian gold producer with multiple operations in one of the world’s most renowned gold camps in and near Timmins, Ontario. Discovery owns a dominant land position within the camp, with a large base of Mineral Resources remaining and substantial growth and exploration upside.

On Behalf of the Board of Directors,

Tony Makuch, P. Eng
President, CEO & Director

For further information contact:         
Mark Utting, CFA
SVP Investor Relations
Phone: 416-806-6298
Email: mark.utting@discoverysilver.com
Website: www.discoverysilver.com

FAQ

Who is the new CFO of Discovery Silver (DSVSF) and what is her background?

Alison White is the new CFO, bringing 20+ years of experience including roles as CFO & EVP at SSR Mining and Regional CFO for North America at Newmont. She holds a Master's and B.S. in finance and accounting and is a CPA.

What happened to Discovery Silver's previous CFO Andreas L'Abbé?

Andreas L'Abbé has transitioned to the role of Senior Vice President, Finance, where he will continue to lead initiatives within the Finance division, particularly focusing on the Porcupine assets integration.

When did Discovery Silver acquire the Porcupine Complex?

Discovery Silver completed the acquisition of the Porcupine Complex from Newmont on April 15, 2025, establishing itself as a Canadian gold producer in the Timmins, Ontario region.

What are Discovery Silver's (DSVSF) main assets as of 2025?

Discovery Silver owns the 100% Cordero silver project in Chihuahua, Mexico, one of the world's largest undeveloped silver deposits, and the Porcupine Complex in Timmins, Ontario, which includes multiple gold operations.

Who is the CEO of Discovery Silver (DSVSF)?

Tony Makuch serves as the President, CEO & Director of Discovery Silver.