Mandalay Resources Corporation announced that Dominic Duffy has advised the board of directors of his decision to resign as Chief Executive Officer for personal reasons. Mr. Duffy will continue to serve as CEO and assist with the transition of leadership until his departure in July 2023. He will also remain on the board in a non-executive capacity after his departure as CEO.

Mandalay's board of directors have engaged a recruiting firm to lead the search process for Mr. Duffy's successor.