Steppe Gold Announces Leadership Transition

Core Viewpoint - Steppe Gold Ltd. has announced a leadership transition with the resignation of Mr. Bataa Tumur-Ochir as Chairman and CEO, effective immediately, and the appointment of Dulguun Erdenebaatar as Chairman and Tserenbadam Dugeree as CEO [1][2][3] Leadership Changes - Dulguun Erdenebaatar, the new Chairman, has extensive leadership experience and a deep understanding of Mongolia's mining and regulatory environment, which is expected to enhance the Company's governance and strategic execution [2] - Tserenbadam Dugeree, the new CEO, has a proven track record in Mongolia, demonstrating strategic leadership and operational excellence, and is expected to accelerate Steppe Gold's growth [3] Governance and Oversight - The Board plans to appoint an independent lead director to address potential conflicts of interest due to the new Chairman being a representative of the major shareholder, Boroo Pte Ltd., reinforcing the Company's commitment to strong governance standards [4] Previous Leadership - Mr. Tumur-Ochir's resignation was not due to any disagreements and he remains a significant long-term shareholder, expressing continued support for the Company's strategy [5] - Under Mr. Tumur-Ochir's leadership, Steppe Gold evolved from an early-stage development company to a publicly listed gold producer with a strong asset base in Mongolia [6]