Upon completion of the Transaction, it is proposed that Mega will manage the company's day-to-day operations under a management services agreement (subject to continued supervision by the directors), which responsibilities will include managing the company's business and assets and providing administrative services and facilities. Mega will also have the right to appoint a nominee to the company's board of directors. Philip (Phil) Williams will succeed Chris McFadden as NxGold Ltd.'s Chief Executive Officer. Details of all Principals and insiders of the Company upon completion of the Transaction will be provided in subsequent public announcements. Mr. Williams brings more than 15 years of mining and finance industry experience, including roles in corporate development, as a sell-side research analyst, and most recently as managing director of investment banking focused on the metals and mining sector and as co-founder and CEO of Uranium Royalty Corp. In each of these roles, he focused a significant amount of time on the uranium industry. As a research analyst at Westwind Partners, Mr. Williams worked with a team that covered a range of commodities including precious and base metals, diamonds and uranium.