November 4, 2025 – TheNewswire - Vancouver, British Columbia – Karus Mining Inc. (“Karus” or the “Company”) announces the appointment of a new Chief Executive Officer (“CEO”).
Effective November 3, 2025, Mr. Jason Bahnsen assumed the role of CEO of Karus. Alex Gostevskikh has resigned as Interim CEO to focus on his other business interests. The Board of Directors wishes to thank Mr. Gostevskikh for his dedicated service and valuable contributions to Karus. Under his guidance, Karus has achieved significant growth and strengthened its foundation following the integration of Theia. Mr. Bahnsen will be tasked with moving Karus forward in terms of raising new capital, seeking a listing on a Canadian stock exchange , and further developing the Company’s South Cariboo and Mineral Creek properties.
Mr. Bahnsen is a Canadian / Australian mining engineer with over 35 years of experience in natural resources operations, finance and company leadership. His career has spanned a broad range of roles in the resources sector. He began his career in mine development, working for underground mine contracting companies in Canada, Indonesia and Australia. He has held production roles at several gold mine operations in capacities as mine planning engineer, project engineer and shift boss. Following several years working with Rio Tinto in Australia where Jason was involved in mine feasibility study work and business development roles, he moved into investment banking. Jason spent approximately 15 years working as a resource banker on major international resource acquisition and equity market transactions. Following a successful career in banking, Jason became involved in resource company development and has held CEO roles for several private and listed resource exploration and development companies. Mr. Bahnsen graduated from the Queen’s University in Kingston with a B.Sc. in Mining Engineering and holds an MBA from University of New England, Australia.
About Karus
Karus is the 100% owner of the 1,000 km2 South Cariboo Gold District that includes the drill-stage FG Gold and Gold Creek projects in British Columbia, and also controls the Mineral Creek gold exploration project, which is centred 12 kilometers southeast of Port Alberni, on Vancouver Island, British Columbia.
Karus is the result of the merger of Karus and Theia with the latter having been founded by a number of mining and finance business persons and the former having been originally financed by Yamana some of whose executives before it was purchased in 2023 are the founders of Theia and were instrumental in the merger of Karus and Theia.
Further information on Karus and its assets can be found at www.sedarplus.ca, or by contacting us as info@karusgold.com.
ON BEHALF OF THE BOARD
“Anthony Cina”
Chairman
Forward-Looking Statements
This news release contains “forward-looking statements” and “forward-looking information” within the meaning of applicable Canadian securities legislation (collectively, “forward-looking statements”). Forward-looking statements include, but are not limited to, statements related to the future plans, activities, objectives, strategies, and financial performance of Karus Mining Inc., including the anticipated capital raising efforts, listing on a Canadian stock exchange, and the development of the Company’s mineral properties. These forward-looking statements are based on assumptions believed to be reasonable at the time they were made but involve known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or achievements to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to, market conditions, the availability of financing, general economic conditions, regulatory and permitting risks, and exploration and development risks. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this news release. Karus undertakes no obligation to update or revise any forward-looking statements except as required by law.
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