EURO Resources – Appointment of the Chairman of the Board of Directors and setting of the dividend – 05/18/2022 at 6:15 pm


PRESS RELEASE

Paris: EUR

APPOINTMENT OF THE CHAIRMAN OF THE BOARD OF DIRECTORS

AND FIXING OF THE DIVIDEND

PARIS, France, May 18, 2022: EURO Resources SA (“EURO” or “the Company”)

(Paris: EUR) announces that as of May 18, 2022, the board of directors was re-elected during the annual ordinary general meeting of shareholders held on May 18, 2022. Mr. David Watkins was reappointed as Chairman of the EURO Board of Directors by the Board of Directors. Also, Mr. Tidiane Barry and Mrs. Sophie Hallé were reappointed as Chief Executive Officer and Deputy Chief Executive Officer respectively.

In addition, the annual ordinary general meeting of shareholders of May 18, 2022 decided that a dividend in the amount of 0.25 euro per share will be paid to the shareholders of the Company. The ex-dividend date will be June 7, 2022, the position closing date will be June 8, 2022, and the payment date will be June 9, 2022.

About EURO

EURO is a French company whose principal assets are a royalty on the Rosebel gold mine in Suriname (the “Rosebel royalty”), a royalty relating to the Paul Isnard concessions, silver production at a subsidiary of Orezone Gold Corporation (“Orezone”), and marketable securities. The Rosebel gold mine is 95% owned and operated by IAMGOLD Corporation (“IAMGOLD”). The net smelter production royalty covers future production from the Paul Isnard concessions and an area of ​​interest surrounding them in French Guiana, held under a joint venture agreement between Orea Mining Corp. and Nord Gold SE (“Compagnie Minière Montagne d’Or”). In silver production, EURO will receive 50% of the life-of-mine payable silver production from Orezone’s Bomboré project, located in Burkina Faso, West Africa.

EURO has approximately 62.5 million shares outstanding. As of May 18, 2022, IAMGOLD France SAS (“IAMGOLD France”), an indirectly wholly owned subsidiary of IAMGOLD, owned 90% of all outstanding shares of EURO. As of May 18, 2022, IAMGOLD France held 56,242,153 shares representing 112,300,344 voting rights, or approximately 94.40% of EURO’s voting rights. This threshold crossing results from an allocation of double voting rights.

Additional information about EURO Resources SA is available on the SEDAR site at www.sedar.com. For any other enquiries, please contact:

Tidiane Barry

General director

Phone: +1 450 677 0040

Email: [email protected]

Sophie Halle

Chief Operating Officer

Tel: +1 450 677 0040

Email: [email protected]

Enclosed

  • PR 22-04EN 2022 05 18 Appointment of the Chairman of the Board and Setting of the Final Dividend



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