KeyStar Corp. CEO Mark Thomas to Move Into Consulting Role; Bruce Cassidy Becomes Interim CEO

KeyStar Corp. Announces Leadership Changes

MIAMI, FL / ACCESSWIRE / October 31, 2023 / KeyStar Corp^® (OTC PINK:KEYR) has announced today that current CEO Mark Thomas has decided to resign from his current position as CEO to allow for different leadership to manage the company's sports book operations. Thomas will stay on as an advisory consultant to the business. Chairman of the Board Bruce Cassidy will take over as interim CEO. Chief Marketing Officer Jacob Shrader will move into a new Chief Operating Officer role pending regulatory approval.

According to Mark Thomas, "I have made the difficult decision to resign as CEO of KeyStar Corp. While I am proud of what we have accomplished during my tenure as CEO, I believe we are at a point where bringing in new leadership is in the company's best interest. I look forward to continuing to help the company in an advisory consulting capacity."

"We thank Mark Thomas for his service to KeyStar Corp.," said Bruce Cassidy. "Under Mark's leadership, the company began a renewed focus on B2C sports betting in the United States, received its Tennessee sports betting license in less than four months after submitting its application, and has consistently grown its sports betting handle in Tennessee month-over-month. Mark will continue to provide a valuable role as an advisory consultant in the coming months. And we're excited for what Jacob will bring to the table as our new COO once he is able to fill that role."

The company will begin a search for a new permanent CEO, and Bruce Cassidy will remain on as Chairman of the Board.

Forward-Looking Statements

This press release contains "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as "anticipate," "intend," "plan," "seek," "believe," "estimate," "expect," "strategy," "likely," "may," "should" and similar references to future events or periods.

Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements.

Any forward-looking statement made by us in this press release is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.

Contact Information:

Jacob Shrader
Chief Marketing Officer
jacob.shrader@keystarcorp.com

SOURCE: KeyStar Corp.