SolGold PLC Announces Statement re Litigation with Ex-CEO

BISHOPSGATE, LONDON / ACCESS Newswire / February 21, 2025 / The Board of Directors of SolGold (LSE:SOLG)(TSX:SOLG) makes the following statement in relation to the litigation proceedings between Darryl Cuzzubbo v SolGold plc and Ors. (QUD112/2023):

(i) the proceedings between Mr Cuzzubbo and SolGold and its current and former directors have been resolved by way of settlement;

(ii) SolGold no longer contends that Mr Cuzzubbo engaged in any serious misconduct during his employment;

(iii) the parties agree that, at the time of Mr Cuzzubbo's termination, his view as to the company's operation differed to that of the Board of SolGold; and

(iv) a payment was made by SolGold to Mr Cuzzubbo in respect of the settlement and the terms of settlement are otherwise confidential.

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ABOUT SOLGOLD

SolGold is a leading resources company focused on the discovery, definition and development of world-class copper and gold deposits and continues to strive to deliver objectives efficiently and in the interests of shareholders.

The Company operates with transparency and in accordance with international best practices. SolGold is committed to delivering value to its shareholders while simultaneously providing economic and social benefits to impacted communities, fostering a healthy and safe workplace, and minimizing environmental impact.

SolGold is listed on the London Stock Exchange and Toronto Stock Exchange (LSE:SOLG)(TSX:SOLG).

See www.solgold.com.au for more information. Follow us on X @SolGold_plc.

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SOURCE: SolGold PLC

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