Akobo Minerals announces that Tesfaye Medhane has joined our Ethiopian company Etno Mining as General Manager. In his new role, Tesfaye will oversee all aspects of managing Etno Mining and will be responsible for all facets of the exploration and future mining operations at the Akobo project.

“We are very pleased that Tesfaye Medhane has joined our team. Etno Mining will benefit from his proven track record of developing teams that exceed expectations, and from his ability as a senior mining professional to build a culture of personal empowerment and collaboration. With Tesfaye on board we have completed our management team setup both in Akobo Minerals and Etno Mining”, says Jørgen Evjen, CEO of Akobo Minerals.  

Tesfaye has gained extensive operational, technical and management experience from more than 14 years of working in the international exploration and mining community. He was instrumental in developing the gold operations of Endeavour Mining/Avion Gold in Mali, West Africa, from exploration to large scale production. While at Endeavour Mining, he successfully oversaw complex multi-year contracts of up to USD $20m in value.

He has consistently worked internationally in areas of geology (exploration and mining), mine construction, mine development, production planning, management and administration, and has a proven track record in successfully playing a key role in moving an exploration project through to mining.

Tesfaye has a MSc degree in Mining Geology from Addis Ababa University and has received various management and leadership training certificates.

For more information contact:

Jørgen Evjen, CEO 

Mob.: (+47) 92 80 40 14

Mail: jorgen@akobominerals.com

About Akobo Minerals:

Akobo Minerals, a Norway-based gold exploration company, currently with ongoing exploration in the Akobo region in southwest Ethiopia through its wholly owned Ethiopian subsidiary Etno Mining Plc. The operations were established in 2009 by people with long experience from the public mining sector in Ethiopia and from the Norwegian oil service industry. Akobo Minerals holds an exploration license over key targets in the area. Our team of geologists have worked extensively over the last 11 years to identify several potential primary gold targets. The ongoing drilling program initiated at the end of 2019 has so far shown exceptionally high-grade gold results including the Segele deposit with an Inferred Mineral Resource of 78ktons at 20.9g/t. 

Important information:

This release is not for publication or distribution, directly or indirectly, in or into Australia, Canada, Japan, the United States or any other jurisdictions where it would be illegal. It is issued for information purposes only and does not constitute or form part of any offer or solicitation to purchase or subscribe for securities, in the United States or in any other jurisdiction. The securities referred to herein have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”), and may not be offered or sold in the United States absent registration or pursuant to an exemption from registration under the U.S. Securities Act. Akobo Minerals does not intend to register any portion of the offering of the securities in the United States or to conduct a public offering of the securities in the United States. Copies of this publication are not being, and may not be, distributed or sent into Australia, Canada, Japan or the United States.