Magellan Gold Corporation has accepted the resignations of Mr. Mark Rodenbeck and Mr. Deepak Maholtra as members of the board of directors of the Company, and has appointed John P. Ryan, and Howard M. Crosby as new members of the board of directors. Mr. Ryan will also serve as the Chief Financial Officer of the Company. Both Mr. Ryan and Mr. Crosby also serve as Officers and Directors of GEM.

Since June 2020, Mr. Ryan has served as the Chief Executive Officer and Chairman of the board of directors of GEM, a multi-commodity mining company focused on the discovery and development of precious and base metal assets. Mr. Ryan also serves as the Vice President of Corporate Affairs of Key Mining Corp., an exploration stage mining company and as its Corporate Secretary. From November 2016 to September 2020, Mr. Ryan served as a director and Interim CEO of Bunker Hill Mining Corp., a development stage mining company focused on a restart of the Bunker Hill Mine in North Idaho.

Mr. Ryan has founded and served as an Officer and Director of many natural resource companies which have gone on to senior listings in the United States, Canada, and other listing venues. Mr. Ryan obtained his Bachelor of Science degree in mining engineering from the University of Idaho and his juris doctor from Boston College Law School. Since June 2020 Mr. Crosby has served as Vice President and Director of GEM.

Mr. Crosby also serves as a Director of Key Mining Corp., a Company focused on the development of mining assets in Chile. Since October 2014, Mr. Crosby has served as the Chairman of the Board of Desert Hawk Gold Corp., a gold mining company with a permitted gold asset in Utah. From 2005 to 2016, Mr. Crosby served as a director of White Mountain Titanium Corp.

From 2015 to 2018, Mr. Crosby served as a director of Bunker Hill Mining Corp. Over his thirty-year career Mr. Crosby has founded and served as an Officer and Director of numerous mining and energy companies, several of which achieved senior listings in the United States.