Luca Mining Corp. Announces Strategic Leadership Changes and Board Transition

Luca Mining Corp. Leadership and Board Transition

In a significant move for its future growth, Luca Mining Corp. has announced key leadership changes within the company. Effective June 1, 2025, Ramon Mendoza, previously serving as the interim Chief Operating Officer (COO) and Chief Technical Officer (CTO), will now assume the role of permanent COO. Mendoza's extensive experience, spanning over 35 years in the mining industry, is expected to steer Luca toward new heights as he has been instrumental in the successful operations and transformations of the company’s Campo Morado and Tahuehueto mines in Mexico.

Ramon Mendoza has a robust background in mining that includes expertise in mine development and optimization. His deep understanding of both underground and open-pit operations will serve to bolster Luca's production capability of gold, silver, and base metals. Prior to his tenure at Luca, he served as a mining consultant and was a vital member of the senior leadership team at First Majestic Silver Corp., focusing on strategy and project execution.

Additionally, the company will undergo a significant board transition. David Rhodes, the current Chairman, will step down from his position on June 10, 2025, although he will remain on the Board of Directors. Rhodes has been a well-respected figure in the financial sector, particularly known for his leadership at Endeavour Financial, and his expertise will continue to benefit Luca as he transitions from his chairmanship.

Taking over as Chairman will be Peter Damouni, who brings with him over 20 years of experience in corporate and investment banking, particularly in the natural resources sector. Damouni has already contributed to Luca as a Director since 2024, where he has displayed exceptional leadership. His experience with public companies on various exchanges, including TSX, TSXV, and LSE, positions him well to guide Luca through its next phase of growth. His proficiency in corporate strategies—ranging from financing to acquisitions—will be invaluable as the company seeks to enhance its operational and financial performance.

As CEO Dan Barnholden stated, "Luca has a team that is second to none. Ramon Mendoza and Peter Damouni are highly effective leaders focusing on our sustainable growth. It's crucial for us to have a strong, cohesive leadership as we look to accelerate our growth trajectory."

Under Mendoza’s leadership, the Campo Morado and Tahuehueto mines have shown consistent performance, and his industry expertise has led to notable production increases and improvements in cash flow. With these appointments, Luca Mining Corp. is poised to strengthen its operational capacities and optimize project execution efficiently.

Luca Mining Corp. operates two wholly owned mines in the Sierra Madre mineralized belt in Mexico—Campo Morado and Tahuehueto. Both mines are known for producing substantial quantities of gold, copper, zinc, silver, and lead. The Campo Morado Mine, spanning 121 square kilometers, employs underground operations to extract minerals, while Tahuehueto, covering over 75 square kilometers, is a newly constructed underground site geared towards gold and silver production. With significant underground resources and development potential, both sites have vast exploration opportunities.

The company welcomes these advancements as it continues to push boundaries within the mining sector while maintaining a commitment to safety and sustainability.

For further inquiries and updates about Luca Mining Corp., visit www.lucamining.com.

Cautionary Note

Please note that this announcement contains forward-looking statements regarding production, operations, and resource estimates that are subject to risks and could materially differ from actual outcomes, particularly concerning market conditions and regulatory approvals.