ONGold Announces CFO Transition

Rhea-AI Summary

ONGold (TSXV: ONAU | OTCQB: ONGRF) announced a CFO transition: Gregory Duras ceased as Chief Financial Officer and Corporate Secretary effective May 7, 2026, and Soo-Whan Kim, previously Corporate Controller, was appointed CFO and Corporate Secretary effective May 8, 2026.

Mr. Kim is a Chartered Professional Accountant who has held senior finance and prior CFO roles at public companies and will lead financial reporting and accounting to maintain continuity.

AI-generated analysis. Not financial advice.

Positive

• CFO appointment effective May 8, 2026
• Internal promotion from Corporate Controller supports continuity
• Soo-Whan Kim is a Chartered Professional Accountant with prior CFO experience

Negative

• Outgoing CFO ceased effective May 7, 2026, creating a one-day transition gap

Toronto, Ontario--(Newsfile Corp. - May 8, 2026) - ONGold Resources Ltd. (TSXV: ONAU) (OTCQB: ONGRF) (the "Company" or "ONGold") announces that Gregory Duras is no longer serving as Chief Financial Officer and Corporate Secretary of the Company, effective May 7, 2026.

The Company has appointed Soo-Whan Kim, previously its Corporate Controller, as Chief Financial Officer and Corporate Secretary, effective May 8, 2026. In this role, Mr. Kim will continue to lead the Company's financial reporting and accounting functions, ensuring continuity as ONGold advances its strategic initiatives.

Mr. Kim is a Chartered Professional Accountant and has held senior finance roles including Controller and Corporate Controller positions and has served as the chief financial officer of other public companies.

About ONGold Resources Ltd.

ONGold Resources Ltd. owns significant exploration assets in Northern Ontario and Northern Manitoba, including the district-scale Monument Bay Gold-Tungsten Project, TPK Gold Project, Domain Gold Project and October Gold Project. These projects represent a strategic footprint in one of Canada's most prolific gold-producing regions.

ONGold Resources Ltd. on behalf of the Board of Directors

Kyle Stanfield, Chief Executive Officer & Director
Contact Information
Kyle Stanfield
Chief Executive Officer
Telephone: 1 (647) 749 5836
Email: info@ongoldresources.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Information

This news release contains "forward-looking information" and "forward-looking statements" within the meaning of applicable Canadian securities laws (together, "forward-looking information"). Forward-looking information herein includes, but is not limited to, statements regarding the expected continuity of the Company's financial reporting and accounting functions following the CFO transition. Forward-looking information is based on management's current expectations and assumptions as of the date hereof, including assumptions regarding the Company's ability to maintain continuity of its finance and reporting functions and general business and economic conditions. Forward-looking information is subject to known and unknown risks and uncertainties that may cause actual results or outcomes to differ materially from those expressed or implied by such forward-looking information. Readers are cautioned not to place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information except as required by applicable securities laws.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/296795

FAQ

Who is the new CFO of ONGold (ONGRF) and when did the appointment take effect?

The new CFO is Soo-Whan Kim, effective May 8, 2026. According to the company, Mr. Kim was promoted from Corporate Controller and will serve as Chief Financial Officer and Corporate Secretary while leading financial reporting and accounting functions.

When did former ONGold CFO Gregory Duras leave his roles (ONGRF)?

Gregory Duras ceased serving as CFO and Corporate Secretary effective May 7, 2026. According to the company, his departure preceded the internal appointment of Soo-Whan Kim the following day.

What are Soo-Whan Kim's qualifications for the ONGold CFO role (ONGRF)?

Soo-Whan Kim is a Chartered Professional Accountant with senior finance and Controller roles and prior CFO experience. According to the company, these credentials underpin his responsibility for financial reporting and accounting continuity.

Will the ONGold CFO change (ONGRF) affect financial reporting continuity?

The company says the appointment is intended to ensure continuity in financial reporting and accounting. According to the company, promoting the existing Corporate Controller aims to maintain ongoing financial operations during the transition.

Did ONGold (ONGRF) appoint an external CFO or promote internally for the May 2026 transition?

ONGold promoted internally, appointing Soo-Whan Kim from Corporate Controller to CFO effective May 8, 2026. According to the company, this internal move is meant to preserve continuity in finance functions.