Blue Gold Limited Names Kevin Clark as Executive Chairman

NEW YORK, September 21, 2026 /CourierPR/ -- Blue Gold Limited, a gold mining company with the infrastructure to deliver gold directly to end customers, has announced a series of leadership and governance changes aimed at strengthening operational execution, improving liquidity, and enhancing long-term shareholder value. Effective September 17, 2026, Kevin Clark has been appointed as the Executive Chairman of the Board of Directors, succeeding Andrew Cavaghan, who has resigned from his roles as Chairman of the Board, Chief Executive Officer, and as a director.

Kevin Clark, a seasoned professional with a background in engineering, law, and intellectual property, brings a wealth of experience to his new role. Clark graduated with honors with a BS in Electrical Engineering and Computer Science from the University of California, Berkeley, and holds a Master's Degree in Electrical and Computer Engineering from the University of California at San Diego. He also earned a JD from Stanford Law School, graduating Order of the Coif. His professional career includes designing integrated circuits for satellite and cellular wireless applications, leading teams that developed industry-leading code division multiple access (CDMA) chips, and securing and managing intellectual property as a patent agent. As a founding partner of Silicon Edge Law Group LLP, Clark helped form a firm specializing in helping high-tech companies develop, protect, and enhance their intellectual assets and shareholder value. He now maintains his own intellectual property law practice and remains Of Counsel to the firm. Additionally, Clark was a principal at Integrity Partners, where he evaluated investment opportunities and worked alongside entrepreneurs in portfolio companies, providing strategy, fundraising, and M&A analysis.

In his new role, Clark will provide strategic leadership for the company and work closely with the Board and management to execute on the company's key priorities.

The company also announced the appointment of Gary Herman as a non-executive director and Audit Committee Chairman, replacing Tao Tan, effective September 17, 2026. Herman is a seasoned investor and capital-markets professional with more than three decades of experience in investing, corporate management, restructuring, and governance across public and private companies. He currently serves as Chief Operating Officer of Galloway Capital Partners, LLC and has served on the boards of numerous public and private companies. Earlier in his career, Herman held investment management roles with Arcadia Securities, LLC and was an investment banker with Burnham Securities, Inc.

Jim Samuelson has resigned as Chief Financial Officer, effective September 17, 2026. The company has engaged EMS Consulting Services, LLC ("EMS") to provide outsourced financial and accounting services, with Shah Nawaz, a Chartered Accountant and employee of EMS, designated to serve as the company's certifying officer. EMS is led by founder Eric Sherb, a Certified Public Accountant with 19 years of experience in accounting, financial advisory, audit, and mergers and acquisitions, including extensive experience advising public companies on financial reporting, technical accounting, and strategic finance.

Blue Gold Limited's mission is to explore, develop, and operate high-quality mining projects while leveraging modern technologies to sell gold directly to end customers in tokenized form. The company prioritizes growth, sustainable development, and transparency in all its business practices. Clark's appointment is part of a broader strategy to enhance the company's operational and financial performance, aligning with its commitment to responsible mining and value creation for shareholders.

Forward-looking statements in this press release are subject to risks and uncertainties, including general economic or political conditions, negative economic conditions that could impact the company and the gold industry in general, reduction in demand for the company's products, changes in the markets that the company targets, and any change in laws applicable to the company or any regulatory or judicial interpretation. For more information, please visit the company's website at bluegoldltd.com.