Karus Mining Announces Changes to Leadership and Board
Vancouver, April 9, 2026 - Karus Mining Inc. ("Karus" or the "Company") announces the departure of its Chief Executive Officer ("CEO"), appointment of an Interim CEO, and appointment of a new director to the Karus Board of Directors. The Board is pleased to announce the immediate appointment of Sébastien Bernier to the Board of Directors. Mr. Bernier brings 25 years of industry and technical experience most recently with Allied Gold Corp. and Yamana Gold Inc. ("Yamana"). Mr. Bernier brings deep technical capabilities to Karus as an expert in geological modelling and resource estimation. Mr. Bernier is currently Senior Vice President, Technical Services for Allied Gold Corporation. Past experience includes increasingly senior roles with Yamana, Pan American Silver, SRK Consulting and FNX Mining.
Effective immediately, Mr. Jason Bahnsen will step-down from the position of CEO of Karus. Andrew Kaip, a current Director of Karus, will assume the position of Interim CEO while the Company conducts a search for a permanent CEO. Mr. Kaip is a founder and former CEO of Karus, and as an experienced geologist, he will help define and implement the exploration plan for both the South Cariboo District and Mineral Creek projects. He has 30+ years of geology, financial market and management experience and is tasked to complete the CSE listing process and launch Karus' 2026 exploration programs.
Chairman of the Board, Tony Cina stated "The Karus Board would like to thank Mr. Bahnsen for his service and wish him well in his future endeavors. Mr. Bahnsen has agreed to work with Mr. Kaip to provide a smooth transition. Mr. Kaip's primary focus will be to advance the Company through the final stages of listing and prepare for 2026 exploration activities at the Company's South Cariboo District and Mineral Creek properties.
Andrew Kaip, Interim CEO states "The addition of Mr. Bernier brings another level of experience and expertise to Karus that will be consequential in forming a viable and executable drilling strategy at both Mineral Creek and South Cariboo Gold District."
About Karus
Karus is the 100% owner of the 1,000 km2 South Cariboo Gold District that includes the drill-stage FG Gold and Gold Creek projects in British Columbia, and also controls the Mineral Creek gold exploration project, which is centred 12 kilometers southeast of Port Alberni, on Vancouver Island, British Columbia.
Karus is the result of the merger of Karus and Theia Gold Corp ("Theia"), with the latter having been founded by a number of mining and finance business persons, and the former having been originally financed by Yamana - some of whose executives before it was purchased in 2023 were the founders of Theia and were instrumental in the merger of Karus and Theia.
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