Medallion Resources appoints Dr. Kurt Forrester to its Board of Directors

– CANADA, Vancouver – Medallion Resources Ltd. (TSX: MDL | OTC: MLLOF | FRA: MRDN) today announced the appointment of Dr. Kurt Forrester (Ph.D.) to its Board of Directors.

The appointment of Dr. Forrester signals a significant strengthening in the technical capacity of the Medallion Board at a key juncture in the Company’s growth. The Company is working to expand its exposure to the technologies essential for the energy transition including the rare earth elements, where Dr. Forrester holds extensive expertise and connections.

The company also announced the resignation of Daniel Mamadou from the Board. He shall join the Advisory Board.

About Dr. Kurt Forrester

Dr. Forrester is presently CTO of SD Capital Advisory, a UK-based boutique financial services firm, where he leads a technical team structuring, arranging, and securing project finance for large industrial and resource projects.

During his 16-year career, he has been professionally engaged as an engineering consultant in the metals and minerals, environmental, and applied research domains. This has included process and technology development, feasibility assessment as well as detailed design. He has broad experience across commodities and technologies including base metals, rare earth elements, and industrial minerals. A graduate of the University of Sydney (2001) with a BEng (Hon 1st) in Chemical Engineering and more recently with a Ph.D. in Engineering (2007) he is also a Chartered Chemical Engineer and Chartered Professional Metallurgist.

About Medallion Resources

Medallion Resources has developed a proprietary process and related business model to achieve low-cost, near-term, rare-earth element production by exploiting monazite. Monazite is a rare-earth phosphate mineral that is widely available as a by-product of mineral sand mining operations. Furthermore, Medallion has recently licensed an innovative REE separation technology from Purdue University which can be utilized by Medallion and sub-licensed by Medallion to third-party REE producers.

REEs are critical inputs to electric and hybrid vehicles, electronics, imaging systems, wind turbines, and strategic defense systems. Medallion is committed to following best practices and accepted international standards in all aspects of mineral transportation, processing, and the safe management of waste materials. Medallion utilizes Life Cycle Assessment methodology to support investment and process decision making.

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