Lux Metals Corp. Names Kim-Quyen Nguyen as President and CEO; Carl Ginn Resigns, Jean-Félix Lepage Becomes Board Chair

Kim-Quyen Nguyen Takes Helm as President and CEO

Effective July 27, 2026, Lux Metals Corp. appointed Kim-Quyen Nguyen as President and Chief Executive Officer, who will also join the Company’s Board of Directors. This leadership change is key as the company advances its La Grande Gold Project in Québec’s James Bay region.

Nguyen brings more than 15 years of experience in mining operations and project management. She has led multiple National Instrument 43-101 (NI 43-101) technical studies essential for mineral resource evaluations in Canada. Holding a bachelor's degree in Material Engineering and an MBA, Nguyen combines technical expertise with business acumen. Her recent roles include management positions at Osisko Mining and serving as Chief Operating Officer at Winsome Resources before joining Lux Metals.

Carl Ginn Steps Down from CEO and Board Positions

Carl Ginn, who served as CEO and Director of Lux Metals Corp., will step down from both roles effective July 27, 2026. The Board expressed gratitude for his contributions during his tenure. The announcement did not specify reasons for his departure or details on the timing of the transition.

The Board expressed optimism about Nguyen’s leadership as the company pursues its strategic goals, though it did not clarify if Ginn’s departure is part of a planned succession or an immediate shift in corporate strategy.

Jean-Félix Lepage Elected Chair of the Board

Alongside Nguyen’s appointment, Jean-Félix Lepage was elected Chair of the Board effective July 27, 2026. Lepage, who joined Lux Metals’ board in September 2025, brings fresh perspective to the governance role. He currently serves as CEO of Sirios Resources, adding valuable mining industry expertise to his new position.

This leadership restructuring pairs Lepage’s board oversight with Nguyen’s executive management. The announcement did not disclose whether Lepage will maintain his CEO role at Sirios Resources concurrently or address any potential conflicts of interest.

Advancing the La Grande Gold Project

Lux Metals Corp. focuses on its flagship La Grande Gold Project in Québec’s James Bay region. The project features the high-grade Zone 32 gold system, supported by extensive historic drilling. The company highlights year-round infrastructure access and district-scale exploration potential as key advantages for long-term development.

The leadership change under Nguyen suggests a commitment to advancing the project’s next development phase. However, no specific exploration targets, drilling schedules, or timelines were disclosed. Investors should watch for future updates on the project’s progression under the new leadership.

Nguyen’s Mining Industry Expertise

Nguyen’s appointment reflects a shift toward leadership with strong operational mining experience. Her expertise includes managing NI 43-101 technical studies, demonstrating familiarity with Canadian mineral resource regulations critical for advancing exploration projects.

Her prior roles at Osisko Mining and Winsome Resources exposed her to various project stages and operational scales, from producing mines to early-stage exploration. This diverse background equips her to oversee asset development from exploration through operations. Specific details regarding her tenure or projects at these companies were not provided.

Board and Governance Changes

The concurrent appointments of Lepage as Chair and Nguyen as CEO represent a notable governance shift at Lux Metals. Lepage’s elevation to board leadership shortly after joining in September 2025 indicates a strategic consolidation of governance.

The announcement did not disclose the full Board composition, other members’ roles, or any changes to board committees. It also did not specify if Ginn’s departure affects committee memberships or creates vacancies. Investors typically monitor such governance changes for impacts on board independence and decision-making.

Regulatory and Disclosure Notes

Lux Metals Corp. trades on the TSX Venture Exchange under the symbol LXM and complies with applicable Canadian securities regulations. The announcement includes standard disclaimers noting that the TSX Venture Exchange and Toronto Stock Exchange do not endorse the release’s accuracy.

It also contains forward-looking statements regarding future events and expectations about Nguyen’s leadership. The company disclaims any obligation to update such information beyond legal requirements. Investors should consider these risk disclosures when evaluating the announcement.

Investor Implications and Monitoring

This leadership transition is a critical juncture for Lux Metals Corp. Changes in executive and board leadership can affect strategic priorities, operational pace, and capital allocation. Nguyen’s operational background may indicate a focus on advancing the La Grande Gold Project, although no explicit guidance was provided.

The immediate impact on share price was not evident. Investors should monitor upcoming disclosures, quarterly reports, and investor communications for insights into strategic direction and project development under the new leadership.

Effective Date and Transition Details

All leadership changes took effect on July 27, 2026, the announcement date, indicating a finalized transition plan. The simultaneous appointments of CEO and Board Chair reflect a coordinated leadership restructuring.

No information was provided about any transition period, overlap between Ginn and Nguyen, severance agreements, or equity transactions related to Ginn’s departure. Such details, if material, may be disclosed in future regulatory filings.