New Risk • Jun 13
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 13% 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 Earnings have declined by 41% per year over the past 5 years. Shareholders have been substantially diluted in the past year (84% increase in shares outstanding). Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Market cap is less than US$100m (CA$21.9m market cap, or US$15.7m). Duyuru • May 08
Pasinex Resources Limited announced that it has received CAD 2.01488 million in funding On May 7, 2026, Pasinex Resources Limited closed the oversubscribed transaction. The company issued 4,018,800 units at a price of CAD 0.10 for gross proceeds of CAD 401,880 in its second and final tranche. The company issued total of 20,148,800 units at a price of CAD 0.10 for gross proceeds of CAD 2,014,880. Each Unit consists of one common share and one-half warrant, with each whole warrant exercisable at CAD 0.15 per common share for 24 months. The company issued 228,816 Units as non-cash finder’s fees subject to applicable securities laws. All securities issued under the Offering are subject to a statutory hold period of four months plus one day from the date of issuance, in accordance with applicable Canadian securities laws. Following the issuance of common shares upon closing of the second tranche of the Offering, and the
exercise of options, the Company has 265,611,697 common shares issued and outstanding. Duyuru • Feb 24
Pasinex Resources Limited announced that it expects to receive CAD 1.5 million in funding Pasinex Resources Limited announces a non-brokered private placement 15,000,000 units at a price of CAD 0.10 per unit for gross proceeds of CAD 1,500,000 on February 23, 2026. Each unit consists of one common share in the capital of the company; and one-half of one common share purchase warrant, represented by a warrant certificate. Each warrant shall be exercisable into one-half common share in the capital of the company at an exercise price of CAD 0.15 per warrant share for a period of 24 months following the closing date in accordance with the terms of the warrant certificate. The offering is expected to close on or about March 31, 2026, subject to customary closing conditions and receipt of all required regulatory approvals. Shares issued under the offering will be subject to a statutory hold period of four months and one day from the date of issuance. Finders' fees of up to 7% of the gross proceeds may be paid in cash or securities to certain finders in accordance with the rules and policies of the Canadian Securities Exchange. New Risk • Feb 23
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$1.6m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$1.6m free cash flow). Earnings have declined by 41% per year over the past 5 years. Shareholders have been substantially diluted in the past year (65% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (CA$27.9m market cap, or US$20.4m). New Risk • Feb 17
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 15% 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 Earnings have declined by 32% per year over the past 5 years. Shareholders have been substantially diluted in the past year (65% increase in shares outstanding). Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Market cap is less than US$100m (CA$24.4m market cap, or US$17.9m). Duyuru • Dec 31
Pasinex Resources Limited Provides Operational Update at Pinargozu Mine Pasinex Resources Limited provided an update further to its news release dated December 12, 2025, regarding the acquisition of full ownership of Horzum A.S., which operates the high grade Pinargozu Mine located in Adana Province, Turkiye. The Company confirms that the share transfer process for Horzum A.S. has now been completed. All required Board of Directors' resolutions have been executed, the relevant share certificates have been duly endorsed and delivered to Pasinex, and the necessary filings with the Turkish Trade Registry have been completed. As a result, Pasinex Arama ve Madencilik AS now holds 100% ownership of Horzum A., Following completion of the share transfer and corporate registrations, Horzum A.S.' will formally reconstitute its Board of Directors and implement updated governance, authority, and signature directives. The Company will then proceed with the execution of its 2026 operational plan. Recent site activities at Pinargozu reflect continued operational progress and readiness for expanded development. Over the course of December, Pasinex has completed construction of a 10 by 20 metre material loading and sorting area in front of the 541 adit, installed concrete barriers and wire fencing around construction and parking areas, and advanced renovations to on site office facilities. Meetings held with the technical, production, and finance teams have focused on near term operational planning and execution priorities. Production at Pinargozu continues, with previously mined material now being brought to surface following completion of the external stock area. As of late December, surface stockpiles of zinc sulphide material have increased to approximately 340 tonnes. The Company has also evaluated nearby crushing and ore enrichment facilities as part of its ongoing logistics and processing planning. Health, safety, and training initiatives remain a priority, with no reported incidents at site and ongoing periodic training provided to mine personnel throughout the month. New Risk • Nov 27
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 42% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 32% per year over the past 5 years. Shareholders have been substantially diluted in the past year (42% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (CA$18.8m market cap, or US$13.4m). New Risk • Nov 21
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 42% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Negative equity (-CA$2.3m). Earnings have declined by 28% per year over the past 5 years. Shareholders have been substantially diluted in the past year (42% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (CA$18.6m market cap, or US$13.2m). New Risk • Nov 09
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 46% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Negative equity (-CA$2.3m). Earnings have declined by 21% per year over the past 5 years. Shareholders have been substantially diluted in the past year (46% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (CA$19.4m market cap, or US$13.8m). Duyuru • Oct 24
Pasinex Resources Limited announced that it has received CAD 2.33154 million in funding On October 24, 2025, Pasinex Resources Limited closed the transaction. The company issued 31,087,200 common shares at CAD 0.075 per share for gross proceeds of CAD 2,331,540. The Company paid cash finders fees of CAD 15,750 and issued 406,000 shares, all subject to applicable securities laws. Insiders subscribed for an aggregate of 2,000,000 common shares for gross proceeds of CAD150,000. The insider participation constitutes a related party transaction under MI 61-101. The Company is relying on the exemptions from the formal valuation and minority approval requirements in sections 5.5(a) and 5.7(1)(a) of MI 61101. All securities issued under the Offering are subject to a statutory hold period of four months from the date of issuance, in accordance with applicable Canadian securities laws. Insiders subscribed for an aggregate of 2,000,000 common shares for gross proceeds of CAD 150,000 Duyuru • Sep 24
Pasinex Resources Limited, Annual General Meeting, Nov 21, 2025 Pasinex Resources Limited, Annual General Meeting, Nov 21, 2025. Location: ontario, toronto Canada New Risk • Jul 18
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 20% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Negative equity (-CA$1.9m). Earnings have declined by 8.4% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$9.14m market cap, or US$6.66m). Minor Risk Shareholders have been diluted in the past year (20% increase in shares outstanding). Duyuru • Jul 16
Pasinex Resources Limited announced that it expects to receive CAD 2.15 million in funding Pasinex Resources Limited announced a non- brokered private placement to issue 28,666,666 common shares at an issue price of CAD 0.075 for gross proceeds of CAD 2,149,999.95 on July 15, 2025. The offering will be made available to accredited investors and qualified purchasers in jurisdictions permitted by applicable securities laws, subject to a minimum subscription amount of CAD 15,000. Company may pay finder’s fees to certain finders in accordance with the rules and policies of the Canadian Securities Exchange. The offering is expected to close on or about July 31, 2025, subject to regulatory approvals and customary closing conditions. Shares issued under the offering will be subject to a statutory hold period of four months from the date of issuance. Board Change • Jul 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 3 highly experienced directors. Non-Independent Executive Chairman Larry Seeley was the last director to join the board, commencing their role in 2014. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Duyuru • Apr 09
Pasinex Resources Limited Ordinary Shares to Be Deleted from OTC Equity Pasinex Resources Limited Ordinary Shares (Canada) will be deleted from OTC Equity effective April 09, 2025, due to Inactive Security. Board Change • Mar 06
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 4 highly experienced directors. Non-Independent Executive Chairman Larry Seeley was the last director to join the board, commencing their role in 2014. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Jan 23
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 4 highly experienced directors. Non-Independent Executive Chairman Larry Seeley was the last director to join the board, commencing their role in 2014. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Jan 08
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 4 highly experienced directors. Non-Independent Executive Chairman Larry Seeley was the last director to join the board, commencing their role in 2014. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Duyuru • Dec 18
Pasinex Resources Limited, Annual General Meeting, Feb 14, 2025 Pasinex Resources Limited, Annual General Meeting, Feb 14, 2025. Location: ontario, toronto Canada New Risk • Dec 01
New major risk - Negative shareholders equity The company has negative equity. Total equity: -CA$196k This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Negative equity (-CA$196k). Revenue is less than US$1m (CA$1.1m revenue, or US$754k). Market cap is less than US$10m (CA$2.14m market cap, or US$1.53m). Board Change • Nov 21
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 4 highly experienced directors. Non-Independent Executive Chairman Larry Seeley was the last director to join the board, commencing their role in 2014. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Aug 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 4 highly experienced directors. Non-Independent Executive Chairman Larry Seeley was the last director to join the board, commencing their role in 2014. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Apr 29
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 4 highly experienced directors. Non-Independent Executive Chairman Larry Seeley was the last director to join the board, commencing their role in 2014. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Mar 07
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 4 highly experienced directors. Non-Independent Executive Chairman Larry Seeley was the last director to join the board, commencing their role in 2014. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Jan 15
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 4 highly experienced directors. Non-Independent Executive Chairman Larry Seeley was the last director to join the board, commencing their role in 2014. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Dec 29
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 4 highly experienced directors. Non-Independent Executive Chairman Larry Seeley was the last director to join the board, commencing their role in 2014. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. New Risk • Dec 01
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 41% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Shares are highly illiquid. High level of non-cash earnings (41% accrual ratio). Market cap is less than US$10m (CA$5.55m market cap, or US$4.09m). Minor Risk Revenue is less than US$5m (CA$2.0m revenue, or US$1.5m). Duyuru • Oct 14
Pasinex Resources Limited, Annual General Meeting, Dec 13, 2023 Pasinex Resources Limited, Annual General Meeting, Dec 13, 2023. Board Change • Sep 15
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 4 highly experienced directors. Non-Independent Executive Chairman Larry Seeley was the last director to join the board, commencing their role in 2014. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Jul 20
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 4 highly experienced directors. Non-Independent Executive Chairman Larry Seeley was the last director to join the board, commencing their role in 2014. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Jun 13
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 4 highly experienced directors. Non-Independent Executive Chairman Larry Seeley was the last director to join the board, commencing their role in 2014. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • May 08
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 4 highly experienced directors. Non-Independent Executive Chairman Larry Seeley was the last director to join the board, commencing their role in 2014. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Duyuru • Feb 08
Pasinex Resources Limited Announces Temporarily Halted Operations At the Pinargozu Zinc Mine for a Couple of Days Pasinex Resources Limited announced that the Pinargozu Zinc Mine, while undamaged by the earthquake, is an integral part of the local community, and as such, the company take responsibility to employees and the surrounding area very seriously. To ensure the safety and well-being of everyone, the company have temporarily halted operations at the mine for a couple of days. During this time, the company will conduct a thorough assessment of the site and make any necessary actions to ensure the safety of employees and the local community. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 4 highly experienced directors. Non-Independent Executive Chairman Larry Seeley was the last director to join the board, commencing their role in 2014. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Oct 20
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 2 highly experienced directors. Non-Independent Executive Chairman Larry Seeley was the last director to join the board, commencing their role in 2014. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Aug 04
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. Non-Independent Executive Chairman Larry Seeley was the last director to join the board, commencing their role in 2014. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. Non-Independent Executive Chairman Larry Seeley was the last director to join the board, commencing their role in 2014. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Duyuru • Feb 17
Pasinex Resources Limited Provides Pinargozu Mine Production Forecast For 2022 Pasinex Resources Limited provided the Pinargozu Mine production forecast for 2022. The Company announced that Production at the Pinargozu Mine for 2022 is forecast to be between 15,000 and 18,000 tonnes of zinc sulphide product at an average grade in excess of 50% zinc and 1,000 to 4,000 tonnes of zinc oxide product at an average grade of approximately 30% zinc as direct shipping material. Horzum AS expects that it will complete in excess of 10,000 metres of underground and surface diamond core drilling and in excess of 1,200 metres of adit development in 2022. Production and diamond core drilling will be predominately from and in the Fourth Adit. New crosscuts from the Fourth Adit into the identified zinc sulphide product will be developed for both exploration drilling and production access. Also, Horzum AS will begin to extend the existing Fourth Adit about 500 metres towards the Akkaya property with the objective to reach the Akkaya property by the first quarter of 2023. The Fourth Adit will become the main production hub for the Pinargozu Mine in 2022 and into the future, with the existing production team relocating to this level. Later in the year, work will commence in driving a decline to allow access to areas below the Fourth Adit where recent drilling has confirmed the presence of additional zinc sulphide product. Board Change • Dec 06
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. Non-Independent Executive Chairman Larry Seeley was the last director to join the board, commencing their role in 2014. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Duyuru • Nov 24
Pasinex Resources Limited Provides an Update on Its Exploration and Development Activities At Pinargozu and Akkaya Pasinex Resources Limited provided an update on its exploration and development activities for the Company’s 50% interest in Horzum Maden Arama ve Isletme Anonim Sirketi, which holds the producing Pinargozu high grade zinc mine in southern Turkey (“Horzum AS” or “Joint Venture”). Development work on the Fourth-Adit accelerated in August once the water table ahead of the advancing face had been reduced from the 625-metre level to the 541-metre level. The amount of water being drained through boreholes is reduced substantially and is allowed to drain down the Fourth-Adit before being captured in a series of settling ponds at the portal before discharge into the environment. Permits had been received to allow discharge following testing of the water quality that demonstrated it was of potable quality. Developing the Fourth-Adit faced many challenges including very unstable ground at the portal that necessitated the use of steel arch supports with timber backfilling and the ingress of water. These challenges had been anticipated and planned for which has enabled the driving of the Fourth-Adit to have been accomplished in very safe working conditions. Once the grey limestone was intersected, the ground conditions became much better, which allowed the use of split sets of roof anchors with wire mesh and faster rates of advance. Zinc sulphide mineralization was intercepted some 30-metres earlier than had been anticipated from earlier exploratory drilling. These intercepts ranged from two metres to over 30 metres and drilling from the Fourth-Adit has shown that mineralization continues beneath the 541-metre level. Planning will start in 2022 to develop levels below the 541-metre level that will allow for production into late 2022 and 2023 from the zinc sulphide anomaly that has been encountered deeper in Pinargozu. Crosscuts have been completed in the main section of the Fourth-Adit to allow for a deeper drill program and to allow the mining of the mineralized material to commence. The Fourth-Adit has been connected to the 625-metre level via the development of a raise from the 541-metre level to provide a second egress to meet mining law requirements. With the second access point in place, the Ministry of Mines has now given their approval for mining to start in the Fourth-Adit. All required permits have now been received. Mining of zinc sulphide product started on the 625-metre level as the water table fell and limited shipments were made in September and October together with some zinc sulphide product from the development of the Fourth-Adit, to test the interest of buyers of the zinc sulphide product. Please see the Company’s website for several photos and schematics from the recent exploration and development program at Pinargozu. The below schematics provide views of the Pinargozu mine and the Fourth Adit. The Joint Venture recently applied to convert its exploration license at its Akkaya property to an operational license. This conversion has been accepted by the mining department in Turkey (MAPEG) and the Joint Venture is now waiting for the issuance of the official operational license, which is expected to be received soon. Once received, the Joint Venture will have three years to convert the operational license to an operational permit. In order to receive the operational permit, the Joint Venture must obtain all essential permits including forestry and working permits according to the mining laws and completion of an environmental impact assessment. It is now planned to continue the Fourth-Adit a further 400 to 500 metres, over the next year, into the Akkaya license where similar marble formations and anomalous zinc mineralization has been discovered by surface drilling. Continued drilling of Akkaya from above ground is not feasible because of the surface topography. By accessing Akkaya from underground, the drilling program will be further expanded to test the property. Duyuru • Sep 17
Pasinex Resources Limited Announces Resignation of Steven Williams as Chief Executive Officer Pasinex Resources Limited announced the resignation of Steven Williams as Chief Executive Officer. Steven Williams has decided to concentrate his expertise in the direction of mineral processing consulting services in the future.