Tevano Announces Passing of Interim CEO and Chair Benjamin Sawchuk and Appointment of Esen Boldkhuu to the Board

Tuesday, July 21, 2026 12:30 AM EDT

(via TheNewswire)

Vancouver, British Columbia – TheNewswire - July 20, 2026 – Tevano Systems Holdings Inc. (CSE: TEVO; FRA: 7RB) (“Tevano” or the “Company”) today announces the appointment of Esen Boldkhuu to its Board of Directors, effective immediately. The Company also notes with deep sadness the recent passing of Benjamin Sawchuk, its Interim Chief Executive Officer, Interim Chief Financial Officer, and Chair of the Board.

The Board members of Tevano would like to thank the late Mr. Sawchuk for his invaluable contribution to the Company during his tenure of service and express their deepest condolences to his family.

Appointment of Esen Boldkhuu

Mr. Boldkhuu joins the Board as the Company continues to strengthen its governance and leadership.

Esen Boldkhuu is a mining executive and technology entrepreneur with experience in corporate development, capital markets, and artificial intelligence. He currently serves as the Chief Executive Officer of UraniumX Discovery Corp., a Canadian uranium exploration company focused on the Athabasca Basin in Saskatchewan.

Mr. Boldkhuu grew up in Mongolia during the country's mining boom, where he developed an early interest in mineral exploration through geology fieldwork and exposure to the resource sector. Prior to joining UraniumX, he held corporate development roles with Abitibi Metals Corp. and Formation Metals Inc., where he supported strategic initiatives, business development, and multi-million-dollar financing transactions.

In addition to his mining experience, Mr. Boldkhuu is a co-founder of Chimege, a Mongolian artificial intelligence company focused on natural language processing technologies. His background combines resource sector expertise with experience in emerging technologies, strategic growth, and innovation.

Mr. Boldkhuu was appointed Chief Executive Officer in December 2025. Since assuming the role, he has led the company's strategic rebranding to UraniumX Discovery Corp., assembled an experienced technical and advisory team, advanced the company's uranium exploration portfolio in the Athabasca Basin, completed multiple financings, and overseen the company's growth into a multi-jurisdictional Canadian uranium explorer. His leadership is focused on disciplined capital allocation, systematic exploration, and creating long-term shareholder value.

The Board believes that Mr. Boldkhuu’s experience will be a valuable addition as the Company advances its strategic objectives.

“On behalf of the Board of Directors, I am pleased to welcome Esen Boldkhuu to the Board,” said David Bajwa, member of the Board. “We look forward to the contributions and perspective Mr. Boldkhuu will bring as we continue to advance the Company’s objectives.”

The Board wishes to acknowledge, with gratitude and sadness, the recent passing of Benjamin Sawchuk, and thanks him for his dedicated service as Interim Chief Executive Officer, Interim Chief Financial Officer, and Chair of the Board.

About Tevano Systems Holdings Inc.

Tevano Systems Holdings Inc. is a technology company listed on the Canadian Securities Exchange under the symbol “TEVO” and on the Frankfurt Stock Exchange under the symbol “7RB”.

On Behalf of the Board of Directors

TEVANO SYSTEMS HOLDINGS INC.

David Bajwa

Director

For further information, please contact:

David Bajwa, Director of Tevano Systems Holdings Inc.

Email: dbajwa@arqii.com

Tel: 778-388-4806

Cautionary Statement Regarding Forward-Looking Information

This news release contains statements that may be considered “forward-looking information” within the meaning of applicable Canadian securities legislation. All statements in this news release, other than statements of historical fact, are forward-looking statements. Forward-looking information in this news release includes, but is not limited to, statements regarding the appointment of Esen Boldkhuu to the Board of Directors and the anticipated contributions of Mr. Boldkhuu to the Company.

Forward-looking statements are based on current expectations, estimates, and assumptions made by management. Such statements are not guarantees of future performance and involve known and unknown risks, uncertainties, and other factors that may cause actual results to differ materially from those expressed or implied in the statements. Additional information regarding risks and uncertainties faced by the Company is available under the Company’s profile on SEDAR+ (www.sedarplus.ca). Except as required by applicable securities laws, the Company does not undertake any obligation to update or revise such statements.

The Canadian Securities Exchange has neither approved nor disapproved the contents of this news release.