Lead, South Dakota--(Newsfile Corp. - July 29, 2026) - Dakota Gold Corp. (NYSE:DC) (&#34;Dakota Gold&#34; or the &#34;Company&#34;) is pleased to announce leadership changes designed to support the Company&#39;s next

<p>Lead, South Dakota--(Newsfile Corp. - July 29, 2026) - <b>Dakota Gold Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/DC">DC</a>) ("Dakota Gold" or the "Company")&#160;</b>is pleased to announce leadership changes designed to support the Company's next phase of growth as it advances the Richmond Hill Gold Project ("Richmond Hill" or the "Project") through development and toward production. Dr. Robert Quartermain, C.M., will retire as Chief Executive Officer (CEO) on August 18, 2026, after serving in the role since November 2024. Dr. Quartermain will continue to provide leadership and strategic guidance as Co-Chair and Director of Dakota Gold's Board of Directors. Jack Henris, who joined Dakota Gold a year ago as President and Chief Operating Officer (COO), will assume the role of CEO upon Dr. Quartermain's retirement.</p><p>"Since assuming the role of CEO in November 2024, Dakota Gold has achieved meaningful progress in advancing Richmond Hill to pre-feasibility stage and has secured the funding required to execute its planned programs through 2028. These were my two primary objectives when I assumed the role as CEO," commented Dr. Quartermain. "As Dakota Gold's largest shareholder, I remain highly supportive of Mr. Henris and the leadership team as they continue to advance Richmond Hill along its development path. I am excited about Dakota Gold's opportunities in the Homestake District, particularly at a time of strong gold prices and increasing investor awareness."</p><p>Stephen O'Rourke, Co-Chair of Dakota Gold's Board of Directors, commented, "On behalf of the Board, we thank Dr. Quartermain for stepping into the CEO role and helping position Dakota Gold for its next stage of growth. Under his leadership, the Company strengthened its financial position, reporting $107 million in cash in its March 2026 financial statements, while he worked closely with Mr. Henris to build the team required to execute on our Richmond Hill development plans. We look forward to Dr. Quartermain's continued guidance and insight as Co-Chair and Director, as Mr. Henris and the leadership team advance the Company's strategy."</p><p>"I am delighted to assume the role of CEO and to be supported by such a highly capable team at such an important and exciting time for Dakota Gold," said Jack Henris, President and COO. "Having started my career at the Homestake Mine in 1987, I have a deep appreciation for the district and the opportunity in front of us. With Richmond Hill, Dakota Gold has the potential to responsibly develop what could become the largest gold-producing mine in South Dakota. I look forward to continuing to work with Dr. Quartermain in his role on the Board, where his geological insights will be instrumental as we seek to identify additional value across our Maitland Gold Project and broader land position as the largest mineral land holder in the Homestake District."</p><p>To further support Mr. Henris in his role as CEO and strengthen Dakota Gold's development-focused leadership structure, Shawn Campbell will be appointed Chief Development Officer, with responsibility for ongoing shareholder engagement and sourcing construction financing for the development of Richmond Hill. Amy Koenig will continue in her role as SVP, Chief Legal Officer and Corporate Secretary. Drawing on her previous regulatory and litigation experience at Black Hills Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/BKH">BKH</a>), Ms. Koenig will also manage the Company's permitting processes as Dakota Gold prepares to file its large-scale mine permit later this year.</p><p><b>About Dakota Gold Corp.</b></p><p>Dakota Gold is a responsible exploration and development company advancing the Richmond Hill Gold Project toward production as soon as 2029, while continuing to define and expand the high-grade underground gold resource potential at the Maitland Gold Project. Both projects are located on private land within the historic Homestake District of South Dakota, one of the most prolific gold mining regions in the United States.</p><p>Subscribe to Dakota Gold's e-mail list at <a href="https://api.newsfilecorp.com/redirect/87NV7smMGA">www.dakotagoldcorp.com</a> to receive the latest news and other Company updates.</p><p><b>Shareholder and Investor Inquiries</b></p><div id="contactInfo"><p>For more information, please contact:</p><p>Jack Henris<br />President and COO<br />Tel: +1 605-717-2540</p><p>Shawn Campbell<br />Chief Financial Officer<br />Tel: +1 778-655-9638</p><p>Carling Gaze<br />VP of Investor Relations and Corporate Communications<br />Tel: +1 605-679-7429<br />Email: <a href="mailto:info@dakotagoldcorp.com">info@dakotagoldcorp.com</a></p></div><p><b>Forward-Looking Statements</b></p><p>This communication contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. When used in this communication, the words "plan," "target," "anticipate," "believe," "estimate," "intend," "potential," "will" and "expect" and similar expressions are intended to identify such forward-looking statements. Any express or implied statements contained in this communication that are not statements of historical fact may be deemed to be forward-looking statements, including, without limitation: our expectations regarding additional drilling, metallurgy and modeling; our expectations for the improvement and growth of the mineral resources and potential for conversion of mineral resources into reserves; completion of a pre-feasibility study, a feasibility study, and/or permitting; and our overall expectation for the possibility of near-term production at the Richmond Hill project. These forward-looking statements are based on assumptions and expectations that may not be realized and are inherently subject to numerous risks and uncertainties, which could cause actual results to differ materially from these statements. These risks and uncertainties include, among others: the execution and timing of our planned exploration activities; our use and evaluation of historic data; our ability to achieve our strategic goals; the state of the economy and financial markets generally and the effect on our industry; and the market for our common stock. The foregoing list is not exhaustive. For additional information regarding factors that may cause actual results to differ materially from those indicated in our forward-looking statements, we refer you to the risk factors included in Item 1A of the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2025, as updated by annual, quarterly and current reports that we file with the SEC, which are available at <a href="https://api.newsfilecorp.com/redirect/y4ka4HyM1X">www.sec.gov</a>. We caution investors not to place undue reliance on the forward-looking statements contained in this communication. These statements speak only as of the date of this communication, and we undertake no obligation to update or revise these statements, whether as a result of new information, future events or otherwise, except as may be required by law. We do not give any assurance that we will achieve our expectations.</p><p>All references to "$" in this communication are to U.S. dollars unless otherwise stated.</p><p id="corporateNewsLogoContainer"><img src="https://images.newsfilecorp.com/files/8218/307167_7ef5a4f3048d7a16_logo.jpg" id="corporateNewsLogo" alt="Corporate Logo" /></p><p id="corporateLinkBack">To view the source version of this press release, please visit <a href="https://api.newsfilecorp.com/redirect/1KAbKuQPrY">https://www.newsfilecorp.com/release/307167</a></p><p><img src="https://api.newsfilecorp.com/newsinfo/307167/197" alt="" /></p>

Dakota Gold Announces Leadership Changes as It Advances Its Richmond Hill Gold Project

Dakota Gold appoints Henris as CEO; Richmond Hill advances toward 2029 production

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>Lead, South Dakota--(Newsfile Corp. - July 29, 2026) - Dakota Gold Corp. (NYSE:DC) (&amp;#34;Dakota Gold&amp;#34; or the &amp;#34;Company&amp;#34;) is pleased to announce leadership changes designed to support the Company&amp;#39;s next</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>Dakota Gold restructures leadership to push the Richmond Hill project toward production, naming Jack Henris as CEO while Dr. Robert Quartermain shifts to Co-Chair. The company reports a solid cash balance of $107 million (Mar 2026) and aims to fund development through 2028, supporting a potential production target in 2029.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>Dakota Gold names Jack Henris as CEO; Quartermain becomes Co-Chair.</li><li>Richmond Hill advances to pre-feasibility; funded through 2028.</li><li>$107 million cash on hand as of March 2026.</li><li>Production target now set for 2029; large-scale permitting this year.</li></ul>
  </section>

  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Dakota Gold Corp. (DC)</strong>: Leadership changes and funding progress drive execution potential for Richmond Hill.</li><li><strong>Black Hills Energy (BKH)</strong>: Permitting/regulatory experience cited; may aid large-scale mine permitting.</li></ul>
  </section>

  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>Category: Corporate Developments. Focuses on leadership change and financing driving project execution and valuation in a growth-stage mining name.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>CEO transition reduces execution risk and signals leadership continuity for Richmond Hill.</li><li>Richmond Hill progress to pre-feasibility provides near-term catalysts through 2028 funding.</li><li>Cash position of $107M mitigates near-term financing risk and dilution concerns.</li><li>Permitting activity later this year could unlock valuation if timely.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>CEO transition date: August 18, 2026.</li><li>Richmond Hill advanced to pre-feasibility; funding through 2028.</li><li>Cash balance: $107 million as of March 2026.</li><li>Production target: 2029.</li><li>Location: Homestake District, South Dakota.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Leadership transition paired with strong cash supports near-term rerating as permitting advances toward 2029 production.</p>
  </section>
</section>


<p>Lead, South Dakota--(Newsfile Corp. - July 29, 2026) - <b>Dakota Gold Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/DC">DC</a>) ("Dakota Gold" or the "Company")&#160;</b>is pleased to announce leadership changes designed to support the Company's next phase of growth as it advances the Richmond Hill Gold Project ("Richmond Hill" or the "Project") through development and toward production. Dr. Robert Quartermain, C.M., will retire as Chief Executive Officer (CEO) on August 18, 2026, after serving in the role since November 2024. Dr. Quartermain will continue to provide leadership and strategic guidance as Co-Chair and Director of Dakota Gold's Board of Directors. Jack Henris, who joined Dakota Gold a year ago as President and Chief Operating Officer (COO), will assume the role of CEO upon Dr. Quartermain's retirement.</p><p>"Since assuming the role of CEO in November 2024, Dakota Gold has achieved meaningful progress in advancing Richmond Hill to pre-feasibility stage and has secured the funding required to execute its planned programs through 2028. These were my two primary objectives when I assumed the role as CEO," commented Dr. Quartermain. "As Dakota Gold's largest shareholder, I remain highly supportive of Mr. Henris and the leadership team as they continue to advance Richmond Hill along its development path. I am excited about Dakota Gold's opportunities in the Homestake District, particularly at a time of strong gold prices and increasing investor awareness."</p><p>Stephen O'Rourke, Co-Chair of Dakota Gold's Board of Directors, commented, "On behalf of the Board, we thank Dr. Quartermain for stepping into the CEO role and helping position Dakota Gold for its next stage of growth. Under his leadership, the Company strengthened its financial position, reporting $107 million in cash in its March 2026 financial statements, while he worked closely with Mr. Henris to build the team required to execute on our Richmond Hill development plans. We look forward to Dr. Quartermain's continued guidance and insight as Co-Chair and Director, as Mr. Henris and the leadership team advance the Company's strategy."</p><p>"I am delighted to assume the role of CEO and to be supported by such a highly capable team at such an important and exciting time for Dakota Gold," said Jack Henris, President and COO. "Having started my career at the Homestake Mine in 1987, I have a deep appreciation for the district and the opportunity in front of us. With Richmond Hill, Dakota Gold has the potential to responsibly develop what could become the largest gold-producing mine in South Dakota. I look forward to continuing to work with Dr. Quartermain in his role on the Board, where his geological insights will be instrumental as we seek to identify additional value across our Maitland Gold Project and broader land position as the largest mineral land holder in the Homestake District."</p><p>To further support Mr. Henris in his role as CEO and strengthen Dakota Gold's development-focused leadership structure, Shawn Campbell will be appointed Chief Development Officer, with responsibility for ongoing shareholder engagement and sourcing construction financing for the development of Richmond Hill. Amy Koenig will continue in her role as SVP, Chief Legal Officer and Corporate Secretary. Drawing on her previous regulatory and litigation experience at Black Hills Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/BKH">BKH</a>), Ms. Koenig will also manage the Company's permitting processes as Dakota Gold prepares to file its large-scale mine permit later this year.</p><p><b>About Dakota Gold Corp.</b></p><p>Dakota Gold is a responsible exploration and development company advancing the Richmond Hill Gold Project toward production as soon as 2029, while continuing to define and expand the high-grade underground gold resource potential at the Maitland Gold Project. Both projects are located on private land within the historic Homestake District of South Dakota, one of the most prolific gold mining regions in the United States.</p><p>Subscribe to Dakota Gold's e-mail list at <a href="https://api.newsfilecorp.com/redirect/87NV7smMGA">www.dakotagoldcorp.com</a> to receive the latest news and other Company updates.</p><p><b>Shareholder and Investor Inquiries</b></p><div id="contactInfo"><p>For more information, please contact:</p><p>Jack Henris<br />President and COO<br />Tel: +1 605-717-2540</p><p>Shawn Campbell<br />Chief Financial Officer<br />Tel: +1 778-655-9638</p><p>Carling Gaze<br />VP of Investor Relations and Corporate Communications<br />Tel: +1 605-679-7429<br />Email: <a href="mailto:info@dakotagoldcorp.com">info@dakotagoldcorp.com</a></p></div><p><b>Forward-Looking Statements</b></p><p>This communication contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. When used in this communication, the words "plan," "target," "anticipate," "believe," "estimate," "intend," "potential," "will" and "expect" and similar expressions are intended to identify such forward-looking statements. Any express or implied statements contained in this communication that are not statements of historical fact may be deemed to be forward-looking statements, including, without limitation: our expectations regarding additional drilling, metallurgy and modeling; our expectations for the improvement and growth of the mineral resources and potential for conversion of mineral resources into reserves; completion of a pre-feasibility study, a feasibility study, and/or permitting; and our overall expectation for the possibility of near-term production at the Richmond Hill project. These forward-looking statements are based on assumptions and expectations that may not be realized and are inherently subject to numerous risks and uncertainties, which could cause actual results to differ materially from these statements. These risks and uncertainties include, among others: the execution and timing of our planned exploration activities; our use and evaluation of historic data; our ability to achieve our strategic goals; the state of the economy and financial markets generally and the effect on our industry; and the market for our common stock. The foregoing list is not exhaustive. For additional information regarding factors that may cause actual results to differ materially from those indicated in our forward-looking statements, we refer you to the risk factors included in Item 1A of the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2025, as updated by annual, quarterly and current reports that we file with the SEC, which are available at <a href="https://api.newsfilecorp.com/redirect/y4ka4HyM1X">www.sec.gov</a>. We caution investors not to place undue reliance on the forward-looking statements contained in this communication. These statements speak only as of the date of this communication, and we undertake no obligation to update or revise these statements, whether as a result of new information, future events or otherwise, except as may be required by law. We do not give any assurance that we will achieve our expectations.</p><p>All references to "$" in this communication are to U.S. dollars unless otherwise stated.</p><p id="corporateNewsLogoContainer"><img src="https://images.newsfilecorp.com/files/8218/307167_7ef5a4f3048d7a16_logo.jpg" id="corporateNewsLogo" alt="Corporate Logo" /></p><p id="corporateLinkBack">To view the source version of this press release, please visit <a href="https://api.newsfilecorp.com/redirect/1KAbKuQPrY">https://www.newsfilecorp.com/release/307167</a></p><p><img src="https://api.newsfilecorp.com/newsinfo/307167/197" alt="" /></p>

Dakota Gold restructures leadership to push the Richmond Hill project toward production, naming Jack Henris as CEO while Dr. Robert Quartermain shifts to Co-Chair. The company reports a solid cash balance of $107 million (Mar 2026) and aims to fund development through 2028, supporting a potential production target in 2029.

News insight

Dakota Gold Announces Leadership Changes as It Advances Its Richmond Hill Gold Project

AI summary

Sentiment rationale

Key facts

Corporate Developments