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FILO Mining (Lundin group) Board Changes

Filo Mining Corp. announced the appointment of Ms. Carmel Daniele to the Board of Directors of Filo Mining, in replacement of Mr. Paul McRae who has resigned.

Ms. Daniele is the founder and Chief Investment Officer of the CD Capital Management Group, a 14-year old fund manager of a number of private equity and mining natural resource funds, which have been key early investors and supporters of the Lundin Group of Companies over the years.

Ms. Daniele’s extensive resume includes over 25 years of natural resources investment experience, 10 years of which were spent with Newmont Mining/Normandy Mining. As Senior Executive at Newmont, Ms. Daniele was part of the global team structuring cross-border mergers and acquisitions including the multi-billion dollar three-way merger between Franco-Nevada, Newmont and Normandy Mining to create the largest gold company in the world. Post-merger,

Ms. Daniele was involved in the divestment of various non-core mining assets around the world for the merchant banking arm of Newmont, which later spun out as Franco-Nevada. Ms. Daniele started off her career at Deloitte Touche Tohmatsu where she spent eight years in various corporate finance roles including international taxation, audit, accounting and reconstructions. Ms. Daniele holds a Master of Laws (Corporate & Commercial) and Bachelor of Economics from the University of Adelaide and is a Fellow of the Institute of Chartered Accountants.

Adam Lundin, Chairman of Filo Mining, commented, “We are pleased to have someone of Carmel’s caliber join the Board at Filo Mining. The Company is at an exciting stage and Carmel’s skillset and experience, including the CD Capital team, will be valuable assets to our leadership team as we move the project forward.

Paul has been a director of the Company since its inception in 2016, and his knowledge and guidance has been greatly appreciated. During these few short years, his contributions have helped to shape the Company into what it is today, and on behalf of the Board and senior management, I would like to express a sincere thanks to Paul and wish him well in his future endeavours.”

About Filo Mining

Filo Mining is a Canadian exploration and development company focused on advancing its 100% owned Filo del Sol copper-gold-silver deposit located in Chile's Region III and adjacent San Juan Province, Argentina. Filo Mining is a member of the Lundin Group of Companies. Filo Mining is listed on the TSX Venture Exchange (“TSXV”) and Nasdaq First North Growth Market under the trading symbol "FIL".

Source: Filo Mining

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