NxGold Ltd. announced changes to management and the Board of Directors. Effective on March 16, 2020, Chris McFadden has stepped down as President and CEO and has been replaced by Philip Williams. Also effective March 16, 2020, Chris McFadden has resigned from the NxGold Board of Directors and has been replaced by Philip Williams. 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. In late 2008, he joined Pinetree Capital Ltd.