Mineral ROAD Announces Leadership Transition and Consolidation
MINERAL ROAD DISCOVERY INC.
NEWS RELEASE
MINERAL ROAD ANNOUNCES LEADERSHIP TRANSITION AND CONSOLIDATION
Vancouver, B.C. – October 8, 2025 ‐ Mineral Road Discovery Inc. (CSE: ROAD) (the “Company” or
“ROAD”) announces that, effective immediately, Mr. Jason Cubitt has resigned from his role as Chief
Executive Officer. Mr. Cubitt will continue to serve on the Company’s Board of Directors as a non-executive
director. The Board extends its appreciation to Mr. Cubitt for his leadership and contributions to the Company.
The Board of Directors is pleased to announce the appointment of Mr. Damien Reynolds as Interim Chief
Executive Officer. Mr. Reynolds currently serves as Mineral Road’s Executive Chairman.
Mr. Reynolds brings decades of global experience in the resource exploration sector, having been actively
involved in all aspects of the industry—from project identification and development to financing and strategic
exits. He has played a key role in raising hundreds of millions of dollars in exploration capital and has led or
supported ventures across a wide range of commodities and jurisdictions worldwide.
Share Consolidation
Mineral Road announces, subject to the approval of the Canadian Securities Exchange (“CSE”), that it will be
undertaking a consolidation (the "Consolidation") of its issued and outstanding Common Shares on the basis
of three (3) pre-Consolidation, existing, Common Shares for one (1) post-Consolidation Common Share. The
Company expects that the Consolidation will enhance the marketability of the Common Shares.
The Company currently has 95,999,665 Common Shares issued and outstanding. Following the Consolidation,
the Company expects to have 31,999,888 Common Shares issued and outstanding. No fractional Common
Shares will be issued, fractions of less than one-half of a Common Share will be cancelled and fractions of at
least one-half of a Common Share will be converted to a whole Common Share. Each shareholder's percentage
ownership in the Company and proportional voting power remains unchanged after the Consolidation, except
for minor changes and adjustments resulting from the treatment of any fractional Common Shares.
Outstanding options, warrants and other rights to acquire Common Shares will likewise be adjusted according
to the terms of the Consolidation.
FOR FURTHER INFORMATION CONTACT:
Damien Reynolds
Interim Chief Executive Officer and Executive Chairperson
Mineral Road Discovery Inc.
Telephone: 778 819 1870
Neither the Canadian Securities Exchange nor its Regulation Service Provider (as the term is defined in
the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy of accuracy of
this news release.