Antioquia Gold Inc. Announces Director Change and Management Appointment

Antioquia Gold Inc. (OTC: AGDXF) has announced a significant change in its management team with the appointment of Mr. Gustavo J. Noriega as the new Chief Financial Officer (CFO), effective March 1, 2025. Noriega brings over 25 years of extensive experience in business management, particularly in finance, supply chain, and information technology within various sectors across Latin America. His notable career includes key leadership roles such as CFO at Delosi, a well-known Peruvian restaurant franchise operator, and Grupo El Comercio, a leading Peruvian media group. He has also served as the Supply Chain VP and CIO for Unión de Cerveceria Backus y Johnston, part of SABMiller's operations in Peru, and as CFO of Cerveceria Hondurena in Honduras.

Mr. Noriega's academic credentials include an MBA from IESE Business School in Barcelona and a bachelor's degree in business administration from Universidad del Pacifico in Lima. This robust background positions him well to guide Antioquia Gold's financial strategies as the company continues to evolve in the competitive mining sector.

Concurrently, the company announced the resignation of Mr. Ivo Alfonso Bravo as both a Director and CFO, also effective March 1, 2025. The Board of Directors expressed gratitude for Bravo's contributions during his tenure with the company.

Gonzalo de Losada, President and CEO of Antioquia Gold, voiced optimism with the leadership transition and expressed confidence in Noriega’s ability to enhance the company's operational and financial frameworks. This shift reflects Antioquia Gold’s commitment to fortifying its management team in pursuit of strategic growth and value creation.

For further information, stakeholders can reach Antioquia Gold at their official communication channels.

Antioquia Gold Inc.'s recent announcement regarding the appointment of Gustavo J. Noriega as the new Chief Financial Officer (CFO) signifies a pivotal shift in the company's leadership. This strategic management change reflects an intent to enhance the company’s operational efficacy, given Mr. Noriega's extensive experience spanning over 25 years in finance and management across key roles in various industries, particularly in the Latin American market.

Investors should view this appointment positively, as Mr. Noriega brings a wealth of expertise from esteemed organizations, including his CFO roles in sectors akin to mining and manufacturing, which often face operational and financial challenges. His proven track record in business management and strategic oversight could potentially lead to improved financial health and operational efficiency for Antioquia Gold.

In contrast, Mr. Ivo Alfonso Bravo’s resignation marks the end of an era for the company. While transitions can lead to uncertainties in the short term, this change may pave the way for fresh perspectives and innovative strategies, particularly in securing funding and implementing cost-saving measures which are essential in the volatile commodities market.

With Mr. Noriega's background, stakeholders might anticipate a focus on strengthening the balance sheet, improving supply chain processes, and leveraging technology to enhance productivity. Investors should be vigilant about the company’s strategic direction under this new financial leadership, particularly as it pertains to their initiatives in gold exploration and production, which are susceptible to global market fluctuations.

In conclusion, while the immediate impact of leadership changes can create volatility, the long-term outlook may be favorable if Mr. Noriega successfully executes his vision for growth and operational excellence. Current and potential investors should consider the ambition in this leadership change as a pivot towards a more competitive and financially sound future for Antioquia Gold Inc.