Tsodilo Resources Limited Bolsters Board with Appointment of Mosimanegape Mogegeh

Tsodilo Resources Limited (TSXV:TSD) has announced the appointment of Mosimanegape "Gape" Mogegeh to its Board of Directors, effective February 10, 2025, subject to TSX Venture Exchange approval. Mogegeh will also join the boards of Tsodilo's Botswana subsidiaries, Newdico (Pty) Ltd, Gcwihaba Resources (Pty) Ltd, and Bosoto (Pty) Ltd. This strategic move is expected to bring immense value to the company and its subsidiaries as they move into the next growth phase.

Mogegeh brings over 20 years of experience in the financial services industry, specializing in asset management, private equity, structured finance, and corporate finance. He holds a Bachelor of Accounting degree from the University of Botswana and has attended numerous private equity courses offered by various associations. Mogegeh has garnered extensive experience in transaction structuring, financial analysis and modeling, valuations, and portfolio management. He founded and established one of the leading private equity fund management companies in the Botswana market, managing commitments exceeding BWP 540 million for the Botswana and Southern Africa regional market.

Previously, Mogegeh worked for the Botswana Development Corporation (BDC) as Investment Principal, playing a key role in the transformation agenda for the business. Before BDC, he worked for Deloitte Botswana as a Senior Manager in Corporate Finance, overseeing the in-country delivery of corporate finance and advisory services. Mogegeh has also worked at Inflection Capital Partners (Private Equity Firm - JHB, RSA) as an Investment Officer, and at BIFM Capital as an Investment Professional. Prior to joining BIFM Capital, Mogegeh was with the first dedicated venture capital fund manager in Botswana, VPB.

In his current role as Executive Director at Catapult Advisors, Mogegeh has completed a number of corporate finance and advisory assignments in the mining space, including capital raising and structuring for a local consortium, and as a subcontractor constructing a business model validation for a large mining services company. He has also developed a commercialisation and optimisation strategy for subsidiaries of one of the largest mining companies in Botswana, and conducted a diversity and inclusion study for the same company.

As part of his appointment, Mogegeh has been granted 200,000 stock options at CDN $0.16 per common share, valid for five years and vesting in four equal installments on February 10, 2025, August 10, 2025, February 10, 2026, and August 10, 2026.

Tsodilo's Chairman and CEO, James M. Bruchs, stated, "Gape will bring immense value to the board, and we are looking forward to drawing from his experience as we take the Company and its subsidiaries to the next growth phase."



Mogegeh's extensive experience in the financial services industry, particularly in private equity and corporate finance, will likely contribute to Tsodilo Resources' strategic direction and financial performance in several ways. His expertise in transaction structuring, financial analysis and modeling, valuations, and portfolio management will enable him to provide valuable insights and guidance in strategic decision-making processes. This could include evaluating potential acquisitions, divestments, or partnerships that could enhance the company's growth and profitability.

Mogegeh's experience in capital raising and structuring will also be invaluable in helping Tsodilo Resources secure the necessary funding for its exploration and development projects. His experience in the Botswana market and Southern Africa region could open doors to new investment opportunities.

Additionally, Mogegeh's work on diversity and inclusion studies for a large mining company suggests that he may bring a fresh perspective on fostering a more inclusive and diverse work environment, which can lead to improved employee engagement, productivity, and innovation.

In conclusion, Tsodilo Resources Limited's appointment of Mosimanegape "Gape" Mogegeh to its Board of Directors is a strategic move that aligns with the company's compensation strategy and long-term incentive plans. Mogegeh's expertise in financial services, private equity, and the mining industry can significantly contribute to Tsodilo Resources' growth and competitiveness. His appointment, along with the grant of stock options, demonstrates the company's commitment to attracting and retaining top talent, aligning interests, and fostering a long-term focus.