St. Augustine Announces New Board Members and Officers

Rhea-AI Summary

St. Augustine Gold and Copper Limited (TSX: SAU) has announced significant changes to its leadership team with the appointment of two new board members and a Chief Finance Officer. Nicolaos Paraskevas, former global head of copper at Glencore International, joins as Executive Director overseeing business development and financial aspects of the Kingking project. Andrew J. Russell, an original founder, becomes Project Director of the Kingking project. Additionally, Love "Lolot" D. Manigsaca, a multi-certified finance professional, has been appointed as Chief Finance Officer.

The compensation package for the new directors includes cash, private placement participation rights, and milestone options at a reduced price, pending TSX and shareholder approval.

Positive

• Appointment of highly experienced Nicolaos Paraskevas with significant copper industry expertise
• Addition of Andrew Russell, an original founder with 20+ years of mining project management experience
• New CFO brings multiple professional certifications and relevant industry experience
• Strategic strengthening of management team for Kingking project development

Negative

• New director compensation package may lead to potential share dilution
• Appointments and compensation structure subject to TSX and shareholder approval

Singapore, Singapore--(Newsfile Corp. - July 24, 2025) - St. Augustine Gold and Copper Limited (TSX: SAU) ("St. Augustine" or the "Company") is pleased to announce that Nicolaos Paraskevas and Andrew J. Russell have joined the board of directors and the appointment of Love "Lolot" D. Manigsaca as Chief Finance Officer of the Company.

Nico brings to the board a history of supervising major operational, financial, investment and business development activities across multiple jurisdictions in the copper industry. As global head of copper for Glencore International , Nico played an integral role in the financing, development, commissioning and operations of several large-scale projects including significant acquisitions and disposals. He was also responsible for the trading of all copper, cobalt and molybdenum products. Nico will take an active management role as Executive Director responsible for all business development and financial aspects of the Kingking project.

Andy is one of the original founders of St. Augustine, and has more than 20 years' experience in acquisition, financing and management of major mining projects, the most recent being the acquisition and IPO of the Santa Cruz project under Ivanhoe Electric. Andy will take on the executive role of Project Director of the Kingking project. Andy leads Russell Mining Corporation, a major shareholder of St. Augustine.

Lolot is a finance professional, holding several certifications including Certified Public Accountant, Certified Management Accountant, Certified Financial Modeler and Valuation Analyst, Certified Capital Markets and Securities Analyst, and Certified Global Business Analyst. He currently serves as the Chief Financial Officer of TVI Pacific, Inc., where he oversees strategic financial planning and corporate governance. Previously, he was the President of Greenstone Resources Corporation, the Mineral Production Sharing Agreement holder for the Siana and Mapawa Gold Projects under the management of Red 5 Limited.

Compensation for the new Directors will be under consulting contract arrangements, providing a combination of cash, the right to participate in a private placement of shares and the grant of milestone options at a reduced price, subject to approval of the TSX and shareholders.

About St. Augustine

St. Augustine (SAU.T) is a TSX-listed mining company focused on the development of the Kingking Copper-Gold Project. The Project is one of the largest undeveloped copper-gold deposits in the world and is listed as a top three-priority mining project by the Philippine government.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

This announcement includes certain "forward-looking statements" within the meaning of Canadian securities legislation. All statements, other than statements of historical fact included herein are forward looking statements. Forward-looking statements involve various risks and uncertainties and are based on certain factors and assumptions. While we consider these assumptions to be reasonable based on currently available information, they may prove to be incorrect. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Forward-looking information is also subject to certain factors, including risks and uncertainties, that could cause actual results to differ materially from the Company's current expectations, including changes in market conditions, governmental or regulatory developments and general economic conditions. Other risks and uncertainties related to the Company are disclosed under the heading "Risk Factors" in the Company's Annual Information Form dated March 31, 2025 and filed with Canadian securities regulatory authorities on the SEDAR+ website at www.sedarplus.ca. Forward-looking information contained in this announcement is based on our current estimates, expectations and projections, which we believe are reasonable as of the current date. You should not place undue importance on forward-looking information and should not rely on this information as of any other date. While we may elect to, we are under no obligation and do not undertake to update this information at any particular time except as required by applicable securities law.

For more information:
Nicolaos Paraskevas Investor and Public Relations Contact T: +632 77288491 E: info@kingking.ph	ST. AUGUSTINE CORPORATE HEADQUARTERS  No.21, Greenwood Lane, Singapore, 286949

 

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/259803

FAQ

Who are the new board members appointed to St. Augustine Gold and Copper (TSX: SAU)?

Nicolaos Paraskevas (former Glencore International copper head) and Andrew J. Russell (original founder) have been appointed as board members, taking roles as Executive Director and Project Director respectively.

Who is the new CFO of St. Augustine Gold and Copper (TSX: SAU)?

Love 'Lolot' D. Manigsaca has been appointed as CFO, bringing multiple certifications including CPA, CMA, and experience as CFO of TVI Pacific, Inc.

What is Nicolaos Paraskevas's role at St. Augustine Gold and Copper?

Paraskevas joins as Executive Director responsible for business development and financial aspects of the Kingking project, bringing extensive experience from his role as global head of copper at Glencore International.

What is the compensation structure for St. Augustine's new directors?

The compensation includes cash, private placement participation rights, and milestone options at a reduced price, subject to TSX and shareholder approval.

What experience does Andrew Russell bring to St. Augustine Gold and Copper?

Russell brings over 20 years of experience in acquisition, financing, and management of major mining projects, including the recent Santa Cruz project IPO under Ivanhoe Electric.