Effective July 23, 2019, Mr. Zinke notified U.S. Gold Corp. of his intention to step down from his position as member of the Audit Committee and the company accepted his resignation to replace James D. Davidson, who resigned effective July 1, 2019. Mr. Zinke resigned due to the fact he is not deemed "independent" for purposes of the Audit Independence Rules. Mr. Zinke will continue to serve as an independent member of the Board of Directors for purposes of Nasdaq Listing Rule 5605(b)(1).