XAU Resources Inc. Announces Passing of Its Chief Financial Officer

Toronto, Ontario--(Newsfile Corp. - January 16, 2020) - XAU RESOURCES INC. (TSXV: GIG.P) (the "Corporation") regrettably announces the untimely passing of its Chief Financial Officer, Enrico Visentini.

Mr. Visentini played an instrumental role in guiding the Corporation through its initial public offering and listing on the TSX Venture Exchange. Mr. Visentini was an experienced, effective and kind corporate finance professional, and he will be missed.

Mr. Gary Bay, the Chief Executive Officer of the Corporation, will serve as interim Chief Financial Officer until such time as a permanent Chief Financial Officer is found.

The Board of Directors of XAU Resources expresses its sincere condolences to Mr. Visentini's family and friends.

For further information please contact:

Gary Bay
Chief Executive Officer
Tel: 647-339-4301

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/51574