TUGA Innovations, Inc. announced that Faizaan Lalani has resigned as Chief Financial Officer, Corporate Secretary, and a director of the Company, effective May 8, 2024. Faizaan has worked as the CFO and Director of TUGA since incorporation and listing on the CSE in 2021. He has helped guide the founding team through the intricacies of being a public company on the CSE, with strategy for growth and daily operations.

John Hagie will assume the role of Interim CFO and interim Corporate Secretary, and the Board of Directors of the Company is currently in the process of identifying a suitable candidate for Mr. Lalani's successor. A further news release will follow once a new CFO and Corporate Secretary has been appointed.