VANCOUVER, BC – TheNewswire - December 11, 2025 - Karus Mining Inc. (the “Company” or “Karus”) is pleased to announce that at the Company’s Annual General and Special Meeting held on December 5, 2025, the shareholders elected Michael Tucker as a director of the Company.
“Mr. Tucker has added great value to the Company as an advisor and we are now thrilled to welcome him to the Board” commented Tony Cina, Chairman of the Board.
“We are delighted to have Michael step into a formal board role,” added Jason Bahnsen, CEO. “His technical insight, steady judgment and familiarity with our projects will continue to strengthen our exploration strategy and support the Company’s next phase of growth.”
Mr. Tucker, P. Geo. has a Bachelor of Geology from Laurentian University and a Masters of Geological Sciences from the University of British Columbia and over ten years of field exploration experience. Most recently he was Exploration Manager for Balmoral Resources (acquired by Wallbridge Mining) where Mr. Tucker led exploration activities across all their projects including the Fenelon gold project which triggered the take-over by Wallbridge. Balmoral won multiple exploration awards for its work during Mr. Tucker’s tenure. Mr. Tucker previously served as the VP Exploration at Karus and as Technical Advisor.
About Karus
Karus is the 100% owner of the 1,000 km2 South Caribou 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. Further information on Karus can be found at www.sedarplus.ca, or by contacting us as info@karusgold.com.
ON BEHALF OF KARUS MINING INC.
Tony Cina
Chairman
For more information, please contact Karus Investor Relations:
(888) 455-7620
info@karusgold.com
Cautionary Statement on Forward-Looking Information
Except for the statements of historical fact, this news release contains "forward-looking information" within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates and projections as at the date of this news release. When used in this press release, the words "estimate", "project", "belief", "anticipate", "intend", "expect", "plan", "predict", "may" or "should" and the negative of these words or such variations thereon or comparable terminology are intended to identify forward-looking statements and information. The information in this news release about the future plans of Karus and other forward-looking information includes but is not limited to information concerning the intentions, plans and future actions of the parties to the transactions described herein and the terms of such transaction. Factors that could cause actual results to differ materially from those described in such forward-looking information include risks.
The forward-looking information in this news release reflects the current expectations, assumptions and/or beliefs of Karus based on information currently available to Karus. In connection with the forward-looking information contained in this news release, Karus has made assumptions about Karus’ ability to complete the planned transaction and activities. Karus has also assumed that no significant events will occur outside of Karus’ normal course of business. Although Karus believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance and accordingly undue reliance should not be put on such information due to the inherent uncertainty therein. Specifically, there is no assurance that Karus will be able to recruit or retain a new exploration team, complete the development of an exploration plan, raise the necessary capital to fund these activities, or confirm any additional mineralization within any of the Corporation’s mineral properties.
Any forward-looking information speaks only as of the date on which it is made and, except as may be required by applicable securities laws, Karus disclaims any intent or obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise.
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