Superior Gold Inc. announced that effective at the close of business on July 31, 2020, Christopher Bradbrook will step down as the Company's President. Mr. Bradbrook was the founder of the Company and has been President and CEO since its formation in 2017. Mr. Bradbrook will also tender his resignation as a Director of the Company. Tamara Brown, an Independent Director of the Company since 2017, will assume the role of Interim Chief Executive Officer, effective at the close of business on July 31, 2020. Ms. Brown brings over 25 years of mining industry and capital markets experience including in senior leadership roles. Of particular importance is Ms. Brown's experience with leading corporate development activities and participating in strategic review processes. Following recent discussions, the Company's Board of Directors has established a Special Committee and formally initiated a strategic review process to explore and evaluate a broad range of potential alternatives focused on maximizing shareholder value. The alternatives could include, but are not limited to, a potential sale or merger of the Company, a joint venture, the addition of a new strategic shareholder or other various financing alternatives. The Special Committee will also initiate a search to find a permanent CEO; and the Compensation and Nominating Committee will undergo a search for a new independent director to fill the vacancy from Mr. Bradbrook's departure. The Special Committee will be comprised of Independent Directors Mark Wellings, Chairman and Rene Marion, Audit Committee Chair. In connection with Ms. Brown's appointment as Interim CEO, the Company will grant an aggregate of 1,000,000 stock options to Ms. Brown at an exercise price to be determined in accordance with the policies of the TSX Venture Exchange and consistent with the Company's Omnibus Equity Incentive Plan.