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TORONTO, ONTARIO, July 17, 2020 – Mangazeya Mining Ltd. (“Mangazeya” or the “Company”) (NEX: MGZ.H) is pleased to announce that the Board of Directors has approved the appointment of Mr. Mikhail Gusev as Chief Executive Officer and Ms. Elena Rudenko as CFO.

Mr. Mikhail Gusev is a highly experienced and successful executive with over 15 years of experience in the gold mining industry. He joined the Mangazeya Group in 2020 as General Director of Mangazeya Zoloto, LLC. Prior to joining the Magazeya Group, Mr. Guzev held various senior positions with Renova Group of Companies, where he managed mining assets concentrated in Kamchatka, the Urals, Karelia, Kyrgyzstan, Mongolia and Africa.

Ms. Rudenko possesses extensive financial expertise in the gold mining industry. Ms. Rudenko joined Mangazeya Group in 2020 as Deputy General Director for Finance and Economics of Mangazeya Zoloto, LLC. Prior to joining the Mangazeya Group, Ms. Rudenko was the CFO at Susumanzoloto, PJSC and at Artel Starateley “Amur”, OJSC.

The Company thanks Mr. Sergey Yanchukov for his service as the Chief Executive Officer of the Company and Mr. Roman Kashuba for his service as the Chief Financial Officer of the Company. Mr. Yanchukov will continue to hold his position of the Member of Board of Directors of the Company.

About Mangazeya Mining Ltd.
Mangazeya Mining Ltd. is a NEX-listed mining and exploration company, focused on the development of mineral resources in the Russian Federation.

Contact:
Anton Grigoryev
Corporate Secretary
Mangazeya Mining Ltd.
a.grigoryev@mangazeya.ru

http://mangazeyamini.....d-new-cfo/