Golconda Gold Ltd. (TSX-V: GG; OTCQX: GGGOF) announced that Paul Olmsted and James Colter Eadie were elected to the company's board of directors at its annual and special meeting of shareholders held on June 1, 2026.

Olmsted brings 35 years of mining industry experience, including 25 years in executive roles. He currently serves as Chief Executive Officer and director of NorthWest Copper Corp. Previously, he was Chief Financial Officer of Superior Gold Inc., guiding the company from its 2017 IPO through its sale in 2023. From 1996 to 2014, he worked with IAMGOLD Corporation as Senior Vice President of Corporate Development, overseeing acquisition and divestiture programs. Olmsted holds a B.Sc. in Mining Engineering and an MBA.

Eadie is Chief Executive Officer and co-founder of Abraxas Power Corp., a renewable energy project development company operating on three continents. He previously served as CEO and co-founder of Jade Power Trust, a Canadian energy trust listed on the TSX Venture Exchange that owned renewable energy operations in Europe before being acquired by a private equity fund in 2022.

The two new directors replace Dino Titaro and Ken Crema on the board. The company acknowledged the contributions of Titaro and Crema during their years of service.

The election of Eadie and Olmsted requires approval from the TSX Venture Exchange.

Golconda Gold operates as a gold producer and explorer with mining operations and exploration properties in South Africa and New Mexico. The company trades on the TSX Venture Exchange under the symbol GG and on the OTCQX under GGGOF.