South Atlantic Announces Board Resignation and Appointment
Vancouver, March 19, 2026 - South Atlantic Gold Inc. (TSX-V:SAO) ("South Atlantic" or the "Company") announces that Mr. Rick Brown has resigned from the Board of Directors, effective March 19, 2026. The Board thanks Mr. Brown for his valuable contributions during his tenure. His deep experience in Latin American mining was instrumental in advancing the Company's strategy at Pedra Branca.
The Company also announces the appointment of Mr. Stephen Stow to the Board of Directors, effective March 19, 2026 subject to receipt of all required regulatory approvals.
Mr. Stow is the Founder and Executive Chairman of Zen Capital & Mergers Limited, a business advisory firm focused on gold exploration. He holds an MA in Jurisprudence from Oxford University and brings over three decades of experience in mining exploration, M&A advisory and corporate governance. Prior to emigrating to Canada, he served as Director of Corporate Finance, Asia for National Westminster Bank.
Mr. Stow's recent experience in mining exploration includes:
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Former Director of Lumina Gold Corp. (2015-2025) and Amarillo Gold Corp. (2017-2020)
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Current Director of G2 Goldfields Inc. (TSX: GTWO) and FNX Inc. (CSE: FNX)
Douglas Meirelles, President and CEO of South Atlantic Gold, commented:
"We are delighted to welcome Stephen to the Board. His extensive background in gold exploration, project development and capital markets, particularly in Latin America, aligns well with our strategy at Pedra Branca. We look forward to drawing on his experience in building value through disciplined exploration and transactions as we advance our portfolio."
Grant of DSU's
The Company further announces that, in accordance with its Long-Term Incentive Plan ("LTIP") the Company has granted an aggregate 2,450,000 deferred share units ("DSUs") to certain directors, officers, and consultants of the Company subject to regulatory acceptance. The grants are pursuant to the Company's LTIP that was approved by shareholders on June 27, 2025. The DSUs are governed by the Company's LTIP and will be subject to applicable securities law hold periods.
About South Atlantic Gold
South Atlantic is an exploration company engaged in acquiring and advancing mineral properties in the Americas. For further information, please visit our website at www.southatlanticgold.com.
ON BEHALF OF THE BOARD
Douglas Meirelles, President and CEO
For more information regarding this news release, please contact:
Douglas Meirelles, President and CEO
T: 250-762-5777
Email: ir@southatlanticgold.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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