Premium Appoints Former Blackrock Senior Executive Chris Leavy to Board of Directors

Rhea-AI Summary

Premium Resources (TSXV: PREM) (OTC Pink: PRMLF) has appointed former BlackRock senior executive Chris Leavy to its Board of Directors, effective immediately. Leavy replaces William O'Reilly, who is retiring from the board.

Leavy brings over 20 years of asset management experience, including notable positions at Oppenheimer Funds, where he grew the value equity group from $6 billion to $16 billion and was recognized as a Barron's Top 100 Fund Manager. At BlackRock, he served as Chief Investment Officer of Fundamental Equities (Americas) and was a member of the Global Operating Committee. Recently, he was part of One Tower GP, focusing on private equity and credit investments.

Following this appointment, Premium's Board now consists of eight directors, with Paul Martin as Chair. The company expects Leavy's financial expertise to support its strategic initiatives and drive shareholder value.

Positive

• Appointment of highly experienced asset management executive with proven track record
• New director brings significant institutional investment expertise from BlackRock and Oppenheimer
• Demonstrated success in growing AUM from $6B to $16B at Oppenheimer Funds

Negative

• None.

News Market Reaction

+4.31%

1 alert

+4.31% News Effect

On the day this news was published, PRMLF gained 4.31%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Toronto, Ontario--(Newsfile Corp. - March 25, 2025) - Premium Resources Ltd. (TSXV: PREM) (OTC Pink: PRMLF) ("PREM" or the "Company") is pleased to announce the appointment of Mr. Chris Leavy to the Board of Directors of the Company. Mr. Leavy was appointed to the Board, effective immediately. Mr. Leavy's appointment will fill a vacancy arising from the retirement of Mr. William O'Reilly as a director of the Company.

Mr. Leavy brings more than two decades of experience in asset management with senior roles at Oppenheimer Funds, BlackRock and One Tower GP. At Oppenheimer Funds, he built the value equity group from $6 billion to $16 billion of assets and was recognized by Barron's as a Top 100 Fund Manager. Later during his tenure at the firm, he was promoted to Chief Investment Officer, Equities. At BlackRock, he was the Chief Investment Officer of Fundamental Equities (Americas) and a member of the firm's Global Operating Committee. More recently, Chris was a key member of the One Tower GP team, which invested primarily in private equity and credit.

Chris is on the Board of 1970 Group and on the Advisory Committee of Abitibi Metals. Chris earned his BA in Economics from Trinity University and his MBA from Columbia Business School.

Mr. O'Reilly has been a director of the Company since August 2022 and has served as the Chair of the Corporate Governance & Nominating Committee.

With Mr. O'Reilly's departure from the Board, and the appointment of Mr. Leavy as a director, the Board now consists of eight directors, namely, Paul Martin (Chair), Chris Leavy, Don Newberry, James Gowans Jason LeBlanc, Mark Christensen, Morgan Lekstrom and Norman MacDonald.

"I am pleased to welcome Mr. Leavy to the Board of Directors," said, Paul Martin, Chairman of PREM. "Chris brings extensive financial expertise that will be invaluable as we continue to pursue our strategic initiatives and drive shareholder value. His insights and experience will be instrumental in supporting PREM through this exciting next phase of growth."

Paul Martin continued, "I would also like to extend my sincere gratitude to Mr. O'Reilly for his dedication and contributions during his tenure. His efforts have been greatly appreciated, and we wish him all the best in his future endeavors."

About Premium Resources Ltd.

PREM is a mineral exploration and development company that is focused on the redevelopment of the previously producing nickel, copper and cobalt resources mines owned by the Company in the Republic of Botswana.

For further information about Premium Resources Ltd., please contact:

Morgan Lekstrom
CEO and Director
morganl@premiumresources.com

Jaclyn Ruptash
Vice President, Communications and Investor Relations
+1 (604) 770-4334
jaclyn@premiumresources.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 news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/245956

FAQ

What experience does Chris Leavy bring to Premium Resources (PRMLF) board?

Chris Leavy brings over 20 years of asset management experience, including roles at BlackRock as CIO of Fundamental Equities (Americas), growing Oppenheimer Funds' value equity group from $6B to $16B, and recent private equity experience at One Tower GP.

How did Chris Leavy perform at Oppenheimer Funds before joining PRMLF?

At Oppenheimer Funds, Leavy grew the value equity group from $6 billion to $16 billion in assets and was recognized as a Barron's Top 100 Fund Manager before being promoted to Chief Investment Officer, Equities.

Who did Chris Leavy replace on Premium Resources' (PRMLF) board?

Chris Leavy replaced William O'Reilly, who retired from the board after serving since August 2022 as Chair of the Corporate Governance & Nominating Committee.

How many directors are now on Premium Resources' (PRMLF) board after Leavy's appointment?

Following Leavy's appointment, Premium Resources' board consists of eight directors, with Paul Martin as Chair.