Manganese X Energy ANNOUNCES APPOINTMENT OF Andrew Gainsbury as CHIEF FINANCIAL OFFICER AND THE PASSING of Director Jay Richardson
Montreal, Quebec – July 30, 2026 – Manganese X Energy Corp. (TSXV: MN) (FSE: 9SC) (TRADEGATE: 9SC) (OTCQB: MNXXF) (“Manganese X” or the “Company”) is pleased to announce, subject to the approval of the TSX Venture Exchange, the appointment of Andrew Gainsbury as Chief Financial Officer of the Company effective July 28, 2026.
Mr. Gainsbury has served as the Company’s interim Chief Financial Officer since March 1, 2026. His appointment formalizes his continued service in the role on a permanent basis. Prior to assuming that role, Mr. Gainsbury served as the Company’s Controller. He has over 16 years of experience in financial management and consulting in both Canada and Brazil. His most recent experience includes serving as Controller for several publicly-listed Canadian junior mining companies. Previously, he was Chief Financial Officer of a Brazilian engineering firm with over 800 employees, as well as a senior consultant leading corporate finance projects across multiple industries for Deloitte in Brazil. He specializes in strategic management, mergers and acquisitions, fundraising, as well as corporate restructuring. He holds an MBA from McGill University and has earned his CFA and CMA designations.
Passing of Director James (Jay) Richardson
The Company announces with great sadness the recent passing of James “Jay” Richardson, Director of the Company since May 13, 2020. Mr. Richardson also served as the Company’s Chief Financial Officer from September 21, 2020 until March 1, 2026, when Mr. Gainsbury was appointed interim Chief Financial Officer following the onset of Mr. Richardson’s illness. The Board and management of the Company extend their deepest condolences to Mr. Richardson’s family, friends, and colleagues. Mr. Richardson will be remembered fondly by all who had the privilege of working with him, and his years of contribution and guidance to the Company are gratefully acknowledged.
About Manganese X Energy Corp.
On behalf of the Board of Directors of
MANGANESE X ENERGY CORP.
Martin Kepman
CEO and Director
Email:
Tel: 1-514-802-1814
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward-Looking Statements:
This news release contains “forward-looking information” and “forward-looking statements” within the meaning of applicable Canadian securities laws. Forward-looking information in this news release includes, but is not limited to, statements regarding the anticipated use of proceeds from the warrant exercise, the advancement of the Company’s Battery Hill Project, the Company’s plans, objectives, expectations and future activities, and the potential impact of the warrant exercise on the Company’s business and operations.
Forward-looking information is often, but not always, identified by words such as “anticipates”, “expects”, “intends”, “plans”, “believes”, “estimates”, “projects”, “potential”, “target”, “scheduled”, “forecast”, “budget”, “may”, “will”, “could”, “would”, “should”, “might”, “continue” and similar words or expressions, or statements that certain events, conditions or results “may”, “could”, “would”, “might” or “will” occur or be achieved. Forward-looking information is based on the opinions, estimates and assumptions of management as of the date such statements are made, including assumptions regarding the Company’s ability to use the proceeds as currently anticipated, the availability of required personnel, equipment and services, market conditions, regulatory matters, exploration and development plans, and the Company’s ability to continue advancing the Battery Hill Project.
Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to differ materially from those expressed or implied by such forward-looking information. Such risks and uncertainties include, but are not limited to, risks associated with mineral exploration and development, changes in project parameters as plans continue to be refined, the availability and cost of financing, commodity price fluctuations, market conditions, regulatory and permitting risks, environmental risks, operational risks, title risks, supply chain and labour availability, general economic conditions, and other risks inherent in the Company’s business and the mineral exploration industry.
Although the Company believes that the assumptions and expectations reflected in the forward-looking information are reasonable, there can be no assurance that such assumptions or expectations will prove to be correct. Readers are cautioned not to place undue reliance on forward-looking information. The forward-looking information contained in this news release is made as of the date hereof, and the Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws.
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