Steppe Gold Mourns the Passing of Dr. Zamba Batjargal, Chair of the Audit Committee

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Steppe Gold (OTCQX: STPGF) announced the passing of Dr. Zamba Batjargal, Chair of the Audit Committee and Independent Director since 2017. Dr. Batjargal had a long career in environmental science and policy, including roles as Mongolia's Environment Minister, ambassador to Japan, and representative of the World Meteorological Organization at the UN.

The company highlighted his integrity, discipline, and public service, noting his lasting legacy in climate policy and Board contributions, and extended condolences to his family, friends, and colleagues.

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Ulaanbaatar, Mongolia--(Newsfile Corp. - August 10, 2026) - Steppe Gold Ltd. (TSX: STGO) (OTCQX: STPGF) (FSE: 2J9) ("Steppe Gold" or the "Company") announces with deep sorrow the passing of Dr. Zamba Batjargal, who served as Chair of the Audit Committee on the Company's Board of Directors.

Dr. Zamba Batjargal served as an Independent Director of Steppe Gold Ltd. since 2017, bringing decades of leadership in environmental science and international policy to the Board. He previously served as Mongolia's Minister of the Environment (1990-1996), Director-General of the National Agency for Meteorology, Hydrology and Environmental Monitoring, and Ambassador of Mongolia to Japan, before representing the World Meteorological Organization at the United Nations in New York from 2005 to 2011. He went on to serve as Mongolia's Special Envoy on Climate Change and National Focal Point for the UNFCCC, and held a doctorate from the Russian State Hydrometeorological University.

"Dr. Batjargal was a trusted voice on our Board. His integrity, discipline, and deep sense of public service shaped the standards by which our Audit Committee operated. On behalf of everyone at Steppe Gold, I extend our heartfelt condolences to his family and all who knew him. He will be greatly missed," said Tserenbadam Dugeree, Chief Executive Officer of Steppe Gold.

The Company extends its deepest condolences to Dr. Batjargal's family, friends, and colleagues. His contributions to the Board and to the global climate policy community leave a lasting legacy.

ABOUT STEPPE GOLD LTD.

Steppe Gold is Mongolia's premier precious metals company.

FOR FURTHER INFORMATION, PLEASE CONTACT:

Tserenbadam Dugeree, Chief Executive Officer
Ariuntsetseg Batsaikhan, Interim Chief Financial Officer
Elisa Tagarvaa, Investor Relations Manager

7th floor, Blue Sky Tower, Peace Avenue 17
Sukhbaatar District 1, Ulaanbaatar 14241, Mongolia
Tel: +976 7732 1914

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/308826

FAQ

Who was Dr. Zamba Batjargal of Steppe Gold (OTCQX: STPGF) and what was his role?

Dr. Zamba Batjargal was Chair of the Audit Committee and an Independent Director at Steppe Gold. According to Steppe Gold, he served on the Board since 2017, contributing decades of leadership in environmental science, international policy, and public service to the company’s governance.

What positions did Dr. Zamba Batjargal hold before joining Steppe Gold (STPGF)?

Before joining Steppe Gold, Dr. Batjargal held senior government and diplomatic roles in Mongolia. According to Steppe Gold, he was Minister of the Environment, Director-General of the national meteorology and environmental agency, Ambassador to Japan, and later a representative of the World Meteorological Organization at the United Nations.

What were Dr. Zamba Batjargal’s contributions to Steppe Gold’s Audit Committee?

Dr. Batjargal chaired Steppe Gold’s Audit Committee, helping shape its standards and oversight. According to Steppe Gold, his integrity, discipline, and strong sense of public service influenced how the Audit Committee operated and supported the company’s Board governance from 2017 onward.

How did Steppe Gold (STPGF) respond to the passing of Dr. Zamba Batjargal?

Steppe Gold expressed deep sorrow and extended condolences to Dr. Batjargal’s family, friends, and colleagues. According to Steppe Gold, the company emphasized that he was a trusted voice on the Board and stated he will be greatly missed for his leadership and public service.

What is Steppe Gold and how is it described in the August 10, 2026 announcement?

Steppe Gold is described as Mongolia’s premier precious metals company. According to Steppe Gold, the firm operates from Ulaanbaatar and positions itself as a leading participant in Mongolia’s precious metals sector, highlighting its corporate base and investor relations contacts in the same announcement.

What is the professional background of Dr. Zamba Batjargal in climate and environmental policy?

Dr. Batjargal had extensive climate and environmental policy experience. According to Steppe Gold, he served as Mongolia’s Special Envoy on Climate Change, National Focal Point for the UNFCCC, and represented the World Meteorological Organization at the UN, holding a doctorate from the Russian State Hydrometeorological University.