Tuktu Resources Ltd. Announces Leadership Changes and Operations Update

Leadership Changes - Tuktu Resources Ltd. announces significant leadership changes to align operations with long-term strategic goals and reduce general and administrative expenses [1][2] - Tim de Freitas, Gregory Feltham, and Kent Busby will cease their roles as President & CEO, Vice President of Exploration, and Vice President of Production, respectively [1][2] Strategic Review and Operational Efficiency - The leadership changes are a response to ongoing market challenges and a strategic review initiated by the Board to streamline operations and enhance efficiency [2] - The Company aims to preserve financial flexibility and implement cost-saving measures for long-term sustainability [2] Capital Budget Suspension - The incremental capital budget increase announced on August 20, 2025, will be suspended immediately to further the Company's strategic goals and reduce expenses [3] Interim Leadership - Kathleen Dixon, Chairperson of the Board, has been appointed as interim President and CEO while the search for a permanent replacement begins [4] - The Board expresses confidence in Ms. Dixon's ability to fulfill the Company's commitments to shareholders during this transition [4] Technical Management Support - The Company will seek arrangements with a qualified consultant to provide day-to-day technical management services to ensure operational continuity until a permanent President and CEO is appointed [5]