TMAC Appoints Maarten Theunissen as Chief Financial Officer and Ron Gagel as Executive Vice President, Corporate Affairs

TMAC Resources Inc. (TSX:TMR) (“TMAC” or the “Company”) appoints Maarten Theunissen as Chief Financial Officer effective April 1, 2018.

Jason Neal, President and Chief Executive Officer of TMAC, stated, “We are very pleased to promote Maarten to Chief Financial Officer, a role for which he has been mentored for the last five years. He has been essential in building our financial infrastructure and managing our balance sheet, as well as playing a key role in TMAC’s various debt and equity financings. Maarten will continue to be a key contributor to the growth of our company.”

Mr. Theunissen joined the Company as Vice President, Finance in May 2013 from Uranium One Inc. where, from 2006 to 2013, he held roles of increasing responsibility including Senior Vice President, Finance. He began his professional career with KPMG, received his South African Chartered Accountant designation in 2005 and holds a Bachelor of Commerce, (Hons.) Accounting from the University of Johannesburg.

Mr. Neal added, “Ron Gagel, who has been TMAC’s CFO since the Company’s inception, will transition from that role to Executive Vice President, Corporate Affairs. Ron has made an incredible contribution to the growth and success of TMAC Resources and was instrumental in establishing the foundation of TMAC. While Ron’s new role will not be a full-time commitment, we are very pleased to retain Ron’s focus in a number of key areas and to benefit from his institutional knowledge. I expect Ron to contribute valuable advice to me as the new President & CEO of the Company.”

Ron Gagel, Executive Vice President and Chief Financial Officer of TMAC, stated, “As has been our long-standing succession plan, I am thrilled that Maarten will be taking over from me as Chief Financial Officer. Maarten and I have worked closely together for five years and I have every confidence that he will make great contributions to TMAC’s continuing growth and success in his new role. I’m also excited to take on a new role where I can continue to support Jason and Maarten.”

ABOUT TMAC RESOURCES

TMAC holds a 100% interest in the Hope Bay Property located in Nunavut, Canada. TMAC is a gold producer with the Doris mine achieving commercial production in 2017 and the Madrid and Boston deposits expected to commence production in 2020 and 2022, respectively. The Company has an experienced and expert board of directors and exploration, development and operating teams with extensive track records of discovering, developing and operating high grade, profitable underground mines. TMAC’s shares trade on the Toronto Stock Exchange under the trading symbol TMR.

View source version on businesswire.com: http://www.businesswire.com/news/home/20180313005480/en/