Xanadu Mines Limited announced Mr. Shaoyang Shen has been appointed as a non-executive director of the company, having been nominated by Zijin in accordance with the Phase 2 Share Subscription Agreement. Mr. Shaoyang Shen is the Deputy President for Corporate Development & Overseas Operations of Zijin Mining Group. He has more than a dozen years of operations management and investment (M&A) experience in the mining industry.

Prior to joining Zijin in 2014, he held senior executive positions with Silvercorp Metals Inc., including as COO of the company and Vice President for China Operations. He also served as a board member of Pretium Resources Inc. from 2015 to 2018, and as a Managing Director of Barrick New Niugini Limited from 2015 to 2019. Mr. Shen graduated from Xiamen University with a bachelor's degree in economy.

He obtained an MBA from the National University of Singapore and a Master of Management & Professional Accounting (MMPA) from the University of Toronto.