TORONTO, Dec. 21, 2023 (GLOBE NEWSWIRE) — Pentagon I Capital Corp. (the “Corporation”)(TSXV:PNTI), announces that Estanislao Auriemma, a Director of the Corporation, has been appointed as the President, Chief Executive Officer, Chief Financial Officer, and Corporate Secretary of the Corporation effective December 21, 2023. Mr. Auriemma has been involved with Grupo Minero Aconcagua S.A. since 1996 and has held several positions within the group. He has participated in the promotion of major mining projects such as Hualilan (gold), Agua Rica (copper), and San Jorge (copper). Between 2011 and 2015 he assumed the Presidency and was formerly a director of Samco S.A., and is currently a director and the CEO of Fredonia Mining Inc. (TSXV:FRED). Mr. Auriemma holds a bachelors degree from Colegio Nacional Rafael Hernandez in Buenos Aires, Argentina. Ali Mahdavi is resigning as President, Chief Executive Officer, Chief Financial Officer, and Corporate Secretary, and will remain as a director of the Corporation.

For more information, please contact Estanislao Auriemma, the President, Chief Executive Officer, Chief Financial Officer, Corporate Secretary and a director of the Corporation.

Estanislao Auriemma
President, CEO, CFO, Corporate Secretary and Director
E: [email protected]
T: +54 911 49980623

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CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This news release includes certain “forward-looking statements” under applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements with respect to the change in the composition of the management of the Corporation. Forward-looking statements are based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic, competitive, political and social uncertainties; delay or failure to receive shareholder or regulatory approvals; and the results of continued business development, marketing and sales. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers of this news release should not place undue reliance on forward-looking statements. The Corporation disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.