1. Paul Richardson appointed as a director of Central Iron Ore Limited. 2. Richardson brings 43 years of mining operations experience. 3. His expertise aims to boost the South Darlot Gold Project. 4. CIO's chairman expressed confidence in Richardson's impact. 5. The appointment coincides with growth opportunities for CIO.
The appointment enhances management with expertise, similar to past success stories in mining.
Higher confidence in management can drive investor interest and stabilize pricing.
Success from Richardson’s experience could take time to materialize in project outcomes.
VANCOUVER, British Columbia, Oct. 16, 2025 (GLOBE NEWSWIRE) -- Central Iron Ore Limited (CIO – TSX.V) ("CIO" or "the Company") is pleased to announce the appointment of Mr. Paul Richardson as a director, effective immediately.
Mr. Richardson has 43 years of experience in mining and mineral process operations including operational experience in Gold, Nickel, Phosphate, Lead, Zinc, Tin, Tantalite and Copper ores.
Operations involved open pit and underground mining, including mineral processing by flotation, gravity, electrostatic, magnetic, CIL and dump Leach methods.
This includes 36 years in managerial experience as Superintendent, Resident Manager, General Manager and Project Director roles.
His Qualifications include C.N.A.A. B.Sc (Hons) Mineral Processing Technology, Associate of the Camborne School of Mines, UK.
CIO chairman Richard Homsany commented:
"We are delighted to welcome Paul to the board at such an important time in the growth of CIO. His deep operational experience in mining projects in Gold will help unlock the significant potential of our South Darlot Gold Project."
On behalf of the Board of Directors
CENTRAL IRON ORE LIMITED
"David Deitz"
____________________________
David Deitz, Director/CEO
For further information, please contact:
www.centralironorelimited.com
Investor and Media Inquiries:
Direct: +61 2 9397 7521
Email: info@centralironorelimited.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO UNITED STATES SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.
Cautionary Note Regarding Forward-Looking Statements
This news release contains forward-looking information within the meaning of Canadian securities laws. Although the Company believes that such information is reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking information is typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking information provided by the Company is not a guarantee of future results or performance, and that actual results may differ materially from those in forward looking information as a result of various factors, including, but not limited to, the state of the financial markets for the Company's equity securities, the state of the market for iron ore or other minerals that may be produced generally, recent market volatility; variations in the nature, quality and quantity of any mineral deposits that may be located, the Company's ability to obtain any necessary permits, consents or authorizations required for its activities, to raise the necessary capital or to be fully able to implement its business strategies and other risks associated with the exploration and development of mineral properties. The reader is referred to the Company's disclosure documents for a more complete discussion of such risk factors and their potential effects, copies of which may be accessed through the Company's page on SEDAR at www.sedar.com.
ABN: 32 072 871 133
