Pasofino Gold Limited Appoints Mr. Krisztian Toth to the Board of Directors as Chairman

Pasofino Gold Limited is a Canada-based mineral exploration company. The Company, through its subsidiary, ARX Resources Limited, is in the process of consolidating its interest in the Dugbe Gold Project so that it owns 100% of the Dugbe Gold Project. The Dugbe Gold Project is located in southern Liberia within the under-explored parts of the Birimian geological province, which is host to the majority of West African gold deposits. The Dugbe Gold Project area is located approximately 70 kilometers (km) by road from the Greenville deep-water port. The project comprises an area of approximately 2,559 square kilometers (km2) and includes over two gold deposits, Tuzon and Dugbe F.