Medallion Resources Ltd. announced it has appointed Mr. Mark Saxon, as CEO of the Company, effective May 25, 2020. Mr. Saxon is an experienced and respected public market executive, with substantial experience in rare earth elements (“REE”) and other critical raw materials. Current President & CEO Don Lay will transition to a strategic advisor role and remain on the board of directors and an officer to support the future growth of the Company. Mark Saxon was most recently President & CEO at Leading Edge Materials, focused on the development of the Norra Kärr heavy rare-earth and other European mineral properties. He has more than 25 years of experience in the resources industry, representing junior and senior companies with a particular focus on critical raw materials.