Managing Director Executive Services Agreement
Vancouver, January 7th, 2025 - On 7 January 2025 Mithril Silver and Gold Ltd. ("the Company") (ASX:MTH; TSXV:MSG) executed a new Executive Services Agreement with its Managing Director, John Skeet (Services Agreement). The key terms of the Services Agreement are set out below. | Position | Managing Director |
| Effective Date | 1 November 2024 |
| Term | Indefinite |
| Base Salary | $300,000 per year excluding statutory superannuation |
| Short Term Incentive | Subject to conditions set by the Company, Mr. Skeet may be entitled to a short-term performance-based incentive payment |
| Long Term Incentive | Subject to conditions set by the Company, Mr. Skeet may be entitled to a long-term performance-based incentive payment. |
| Company Termination Notice Period | 3 months |
| Employee Resignation Notice Period | 3 months |
| Other | If a change of control occurs and, at any time during the 12-month period following such change of control Mr. Skeet resigns employment for good reason, Mr. Skeet shall be entitled to a payment equal to 3 months' salary. |
This announcement has been approved for release by the Board of Directors.
-ENDS-
For further information contact:
| John Skeet Managing Director and CEO jskeet@mithrilresources.com.au +61 435 766 809 | Mark Flynn Investor Relations mflynn@mithrilresources.com.au +61 416 068 733 |
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