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Algold Announces Changes in Management

Tickers: XTSX:ALG
Tags: #Mining

Montreal, Canada - TheNewswire - October 1, 2019 - ALGOLD RESOURCES LTD. (TSXV:ALG) "Algold" or the "Corporation" announces the departure of Mario Caron from its board of directors, of Dejan Ristic as its Chief Financial Officer, and of Francois Auclair as a director and the Corporation's Executive Vice-President, Exploration.

Algold's Executive Vice-President, Yves Grou, will assume the role of interim Chief Financial Officer. Messrs. Ristic and Auclair will continue to be available as consultants. Algold thanks both them and Mr. Caron for their years of service and wishes them well in their future projects.

These changes come as Algold seeks to reduce the size of its board and restructure internally in order to streamline its costs.

ABOUT ALGOLD

Algold Resources Ltd. is focused on the exploration and development of gold deposits in West Africa. The board of directors and management team are seasoned resource industry professionals with extensive experience in the exploration and development of world-class gold projects in Africa.

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.

For further information, please contact:

Algold Resources Ltd.

1320, boul. Graham, bureau 132, Mont-Royal, Quebec, H3P 3C8, www.algold.com

Benoit La Salle, FCPA, FCA Alex Ball

Chairman and Chief Executive Officer Executive VP, Finance and Corporate Development

b.lasalle@algold.com a.ball@algold.com

+1 (514) 889 5089 +1 (647) 919 2227

Copyright (c) 2019 TheNewswire - All rights reserved.

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