Announcement • Jul 10
Tinka Resources Limited Announces Board Changes Tinka Resources Limited announce the appointment of Mr. Alejandro Hermoza as a non-executive director of the Company. Mr. Hermoza joins the Board as the nominee of Compañía de Minas Buenaventura ("Buenaventura"), one of Tinka's largest shareholders, replacing Mr. Raul Benavides. Mr. Hermoza brings more than 20 years of leadership experience in sustainability, environmental and social affairs, community relations, and corporate governance. He served as Vice President of Sustainability at Buenaventura from 2011 until his retirement in May 2026, following a 23-year career with Buenaventura. Mr. Hermoza joined Buenaventura in 2003, serving in progressively senior roles including Human Resources Manager, Community Relations Manager, and Vice President of Sustainability. In his executive capacity, he also served on the Board of Sociedad Minera El Brocal and as an alternate member of the Executive Committee of Minera Yanacocha. He currently serves on the Board of UDEA (Universidad para el Desarrollo Andino). Mr. Hermoza holds bachelor's and master's degrees in Mechanical Engineering from the University of Maryland, College Park, an MBA from Universidad Peruana de Ciencias Aplicadas (UPC), Peru, and completed the Advanced Management Program at Harvard Business School. New Risk • May 04
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 14% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Shareholders have been substantially diluted in the past year (64% increase in shares outstanding). Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Market cap is less than US$100m (CA$73.5m market cap, or US$54.1m).