Renegade Gold Appoints New President and Chief Executive Officer

Rhea-AI Summary

Renegade Gold (OTCQB: TGLDF) has appointed Devin Pickell as its new President, CEO, and Director. Pickell brings 20 years of experience in mineral production and exploration, with expertise in gold and lithium projects across North America. His notable achievements include facilitating the Rice Lake mine sale to Klondex Mines and discovering multiple deposits in the Red Lake greenstone belt.

The company announced management changes including the resignation of David Velisek as director, while Nav Dhaliwal and John Newell stepped down from their CEO and President roles respectively, but remain as directors. Under Pickell's leadership, Renegade Gold plans to focus on re-evaluating its Red Lake assets, including Newman Todd, Sidace, and Confederation properties, with emphasis on high-grade extensions and systematic exploration of district-scale opportunities.

Positive

• Appointment of experienced professional geologist with 20 years of industry expertise
• New CEO has proven track record in successful mine sales and deposit discoveries
• Strategic focus on re-evaluation and advancement of core Red Lake assets
• Timing aligns with strong gold market conditions

Negative

• Multiple simultaneous management changes could create temporary organizational disruption
• Previous CEO and President stepping down from executive roles

Vancouver, British Columbia--(Newsfile Corp. - September 17, 2025) - Renegade Gold Inc. (TSXV: RAGE) (OTCQB: TGLDF) (FSE: 070) ("Renegade" or the "Company") is pleased to announce that Devin Pickell has been appointed President, Chief Executive Officer and Director of the Company.

Mr. Pickell is a registered professional geologist with 20 years of experience in mineral production and exploration, specializing in advancing gold and lithium projects across North America. He has held key roles in the Rice Lake region of the Red Lake greenstone belt, where he was instrumental in the sale of the Rice Lake mine to Klondex Mines and the discovery of multiple new deposits. Mr. Pickell currently serves as a senior geological consultant and in management roles on a range of junior gold and lithium projects in Ontario.

Mr. Pickell commented, "I'm excited to join Renegade Gold in a strong gold market where discovery-focused work is being rewarded. Our priority is to re-evaluate our core Red Lake assets, including Newman Todd, Sidace and Confederation, with a fresh technical team, establish a clear baseline and drive the next phase of advancement. At Newman Todd, we will focus on high-grade extensions and step-outs that can expand the mineralized footprint, while also testing newly interpreted zones. Confederation offers a rare, district-scale opportunity that has not been systematically explored, and we will implement a disciplined pipeline to advance early-stage targets into drill-ready opportunities with strong discovery potential. Renegade is building a strong technical and management team to drive discovery and unlock value in Red Lake."

The Company also announces the resignation of David Velisek as director. The Company thanks Mr. Velisek for his many years of service and wishes him well in his future endeavours.

The Company advises that Nav Dhaliwal has resigned as Chief Executive Officer of the Company and John Newell has resigned as President of the Company. Mr. Dhaliwal and Mr. Newell remain in their positions as directors of the Company.

About Renegade Gold Inc.

Renegade Gold Inc. is a growth focused company engaged in the business of acquisition, exploration and development of mineral properties located in the Red Lake Mining District of Northern Ontario. As part of its regional-scale consolidation strategy, the Company has assembled one of the largest prospective land packages in and around the Red Lake mining district in proximity to major mines and deposits, as well as along the Confederation Lake and Birch-Uchi greenstone belts. The Company's ownership in Red Lake covers over 89,600 hectares of prospective and diversified exploration properties with significant potential for gold and critical minerals on trend with the major structures hosting known gold occurrences in the Red Lake mining district today.

For further information, please contact:

Renegade Gold Inc.
Devin Pickell
President, CEO and Director

info@renegadegold.com
Tel: 604-678-5308

Neither 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.

Cautionary Note regarding Forward-Looking Statements

Statements contained in this press release that are not historical facts are "forward-looking information" or "forward-looking statements" (collectively, "Forward-Looking Information") within the meaning of applicable Canadian securities legislation and the United States Private Securities Litigation Reform Act of 1995. The words "anticipate," "significant," "expect," "may," "will" and similar expressions are intended to be among the statements that identify Forward-Looking Information. Forward-Looking Information is subject to known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those implied by the forward-looking information. In preparing the Forward-Looking Information in this press release, the Company has applied several material assumptions, including, but not limited to, assumptions that general business and economic conditions will not change in a materially adverse manner and that all requisite information will be available in a timely manner. Factors that may cause actual results to vary materially include, but are not limited to, inaccurate assumptions concerning the exploration for and development of mineral deposits, currency fluctuations, unanticipated operational or technical difficulties, risks related to unforeseen delays; general economic, market or business conditions, regulatory changes; timeliness of regulatory approvals, the risks of obtaining necessary licenses and permits, changes in general economic conditions or conditions in the financial markets and the inability to raise additional financing. Readers are cautioned not to place undue reliance on this Forward-Looking Information. The Company does not assume the obligation to revise or update this Forward-Looking Information after the date of this release or to revise such information to reflect the occurrence of future unanticipated events, except as may be required under applicable securities laws.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/266790

FAQ

Who is the new CEO of Renegade Gold (TGLDF)?

Devin Pickell has been appointed as the new President, CEO, and Director of Renegade Gold. He is a professional geologist with 20 years of experience in mineral production and exploration.

What experience does Devin Pickell bring to Renegade Gold (TGLDF)?

Pickell brings 20 years of experience in mineral production and exploration, specializing in gold and lithium projects. He was instrumental in the Rice Lake mine sale to Klondex Mines and has discovered multiple deposits in the Red Lake greenstone belt.

What are Renegade Gold's (TGLDF) main priorities under the new CEO?

Under Pickell's leadership, the main priorities are to re-evaluate core Red Lake assets (Newman Todd, Sidace, and Confederation), focus on high-grade extensions and step-outs at Newman Todd, and implement systematic exploration of the Confederation property.

What management changes occurred at Renegade Gold (TGLDF) in September 2025?

Devin Pickell was appointed as President, CEO, and Director, while David Velisek resigned as director. Nav Dhaliwal and John Newell stepped down from CEO and President roles respectively but remain as directors.

What are Renegade Gold's (TGLDF) main assets?

Renegade Gold's main assets are located in the Red Lake region, including the Newman Todd, Sidace, and Confederation properties.