AEX Gold appoints CFO Jaco Crouse to its Board of Directors

– CANADA, Toronto –  AEX Gold Inc. (LON: AEXG | TSX: AEX) today announced the appointment of CFO Jaco Crouse to its Board of Directors, effective immediately, replacing Robert Ménard who has chosen to step down from his position after four years.

“I would like to welcome Jaco onto the Board and I am looking forward to continuing to work with him closely as we continue to grow the Company.” said Founder and CEO, Eldur Olafsson. 

I “On behalf of the board, I would like to thank Robert for his outstanding contribution and dedication to AEX since he joined the team in 2017.”

About Jaco Crouse

Mr. Crouse currently holds the position of CFO, following his appointment in January 2021, and will remain in this role.

Mr. Crouse has nearly 20 years’ experience in financial management, mine financial planning, business optimization and strategy development, and has already contributed significantly to the Company following his appointment as CFO.

Prior to joining AEX, Mr. Crouse held the position of CFO of Detour Gold Corp., where he facilitated the successful financial and operational turnaround and sale of the corporation to Kirkland Lake Gold for US$3.7 billion. Prior to that, Mr. Crouse was CFO & VP, Finance of Triple Flag Mining Finance Ltd., a Toronto-based private metal streaming business. From 2015-2016 Mr. Crouse was Vice President Business Planning & Optimization at Barrick Gold Corp. where he was instrumental in resetting the cost structure and improving the capital allocation discipline to deliver free cash flow improvements from underperforming assets during a period of low gold prices.

About AEX

AEX’s principal business objectives are the identification, acquisition, exploration and development of gold properties in Greenland. The Corporation’s principal asset is a 100% interest in the Nalunaq Project, an advanced exploration stage property with an exploitation license including the previously operating Nalunaq gold mine. The Corporation has a portfolio of gold assets covering 3,870 km2, the largest portfolio of gold assets in Southern Greenland covering the two known gold belts in the region. AEX is incorporated under the Canada Business Corporations Act and wholly owns Nalunaq A/S, incorporated under the Greenland Public Companies Act.

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