South Pacific Metals Corp. Announces Changes to Board of Directors

VANCOUVER, BC / ACCESSWIRE / April 24, 2024 / South Pacific Metals Corp. (TSXV:SPMC);(FSE:6J00) ("SPMC" or the "Company") is pleased to announce the appointment of Cathy Fitzgerald as an independent, non-executive director of the Company and the appointment of Michael Murphy as Executive Chairman of the Company, effective immediately.

Ms. Fitzgerald is an experienced executive and professional geologist who brings over 20 years of experience in technical leadership roles structuring, leading, and managing teams that deliver work programs across multiple commodities at various stages of the exploration life cycle. Ms. Fitzgerald is currently the Vice President, Exploration and Resource Development for Apollo Silver Corp., and previously served as Director Resource Evaluation, Ivanhoe Electric (formerly High Power Exploration). In addition to joining the board, Ms. Fitzgerald will take an active role in formulating SPMC's exploration strategy.

In connection with Ms. Fitzgerald 's appointment, the Company also announces that David Loretto is stepping down as a director. The board of directors of the Company now consists of Michael Murphy, Dain Currie, Geoff Lawrence, and Cathy Fitzgerald.

"We are appreciative of David's efforts and all that he has done for the Company and would like to thank him on behalf of the rest of the Board. We wish him well on all his future endeavours," stated Executive Chairman, Michael Murphy. "I would like to welcome Cathy to the Board, her level of experience and knowledge in strategic development and execution in the natural resource and commodity sectors is a valuable addition to the Board as South Pacific looks to advance the potential of its projects."

Mr. Murphy is an accomplished executive with an established track-record of transformational leadership within in the metals and mining sector. He is the founder of TSX-listed Torex Gold Resources Inc. ("Torex"), a gold producer company with a market capital in excess of one billion dollars. Mr. Murphy spent a successful 12-years on the board of Torex, during which he played a pivotal role in raising over one billion dollars of debt and equity. Prior to Torex, Mr. Murphy spent 15 years in London, United Kingdom, in the financial services sector, with Merrill Lynch, DLJ, and Credit Suisse.

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