Steppe Gold Ltd. Announces Change to the Board of Directors

Ulaanbaatar, Mongolia--(Newsfile Corp. - November 1, 2024) - Steppe Gold Ltd. (TSX: STGO) (OTCQX: STPGF) ("Steppe Gold" or the "Company") announces today that Steve Haggarty has tendered his resignation today as director of the Company, effective as of October 31, 2024.

"On behalf of our management team and board of directors, I want to thank Steve Haggarty for his contribution to the Company over the years and wish him the best on his current and future endeavors," said Bataa Tumur-Ochir, Chairman and CEO of Steppe Gold.

About Steppe Gold Ltd.

Steppe Gold Ltd. (TSX: STGO) (OTCQX: STPGF) is Mongolia's premier precious metals company.

Forward looking and other cautionary statements

Certain statements in this release constitute "forward-looking statements" or "forward-looking information" within the meaning of applicable securities laws. Such statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance, or achievements of the Company, or industry results, to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements or information, such as obtaining regulatory approval for the appointment of a new president, as well as those factors disclosed under "Risk Factors" in the Company's annual information form for the year ended December 31, 2023. Such statements can be identified by the use of words such as "embark", "expect", "promise", "plan", "commitment", "continue" and other similar terminology, or state that certain actions, events, or results "may", "can", "could", "would", "might", or "will" be taken, occur, or be achieved.

These statements reflect the Company's current expectations regarding future events, performance, and results and speak only as of the date of this news release. Consequently, there can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Except as required by securities disclosure laws and regulations applicable to the Company, the Company undertakes no obligation to update these forward-looking statements if the Company's expectations regarding future events, performance, or results change.

The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.

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