Atlas Consolidated Mining and Development Corporation advised that at the regular meeting of the Board of Directors of Atlas Mining and Development Corporation (the Company) held July 21, 2023, the Board of Directors accepted the resignation of Mr. Alexei Jerome G. Jovellana as Executive Vice President and Compliance Officer of the Company, effective 01 July 2023, due to health reasons. The Board likewise approved the appointment of Mr. Rodyardo B. Raada as Compliance Officer of the Company, effective immediately, to continue the role and functions of Mr. Jovellana. Mr. Rañada presently serves as the Chief Finance Officer and Chief Risk Officer of the Company.

He joined the Company's wholly-owned subsidiary, Carmen Copper Corporation, on April 28, 2010 and has been appointed as the Head of the Financial Planning Division on November 1, 2011 and Assistant Vice President for Finance on January 16, 2020. He has more than 25 years of experience in the fields of audit and finance and held management and executive positions in the energy, mining and retail industries. He is a Certified Public Accountant with a Bachelor of Commerce Degree in Accountancy obtained from Meycauayan College and a Master's Degree in Business Administration at the University of San Carlos.