Element79 Gold Corp Announces Key Leadership Change: Welcomes Tammy Gillis as New Chief Financial Officer
Element79 Gold Corp Announces Key Leadership Change: Welcomes Tammy
Gillis as New Chief Financial Officer
[Vancouver, British Columbia] – September 18, 2023 - Element79 Gold Corp (CSE: E LEM, FSE:7YS,
OTC:ELEM), a mining company focused on gold and silver, is pleased to announce a significant change in
its leadership team. The Company has appointed Tammy Gillis as its new Chief Financial Officer (CFO),
effective the beginning of the business day of September 18, 2023. Ms. Gillis brings a wealth of
experience and expertise to the role, further strengthening Element79 Gold Corp's commitment to
financial excellence and growth.
Ms. Gillis is a CPA, CMA with over 20 years’ experience in the public markets bringing comprehensive
background in finance, reporting and regulatory requirements for junior exploration, manufacturing, bio-
technology, and technology industries. Ms. Gillis h as been part of teams that have completed several
financings, grant applications and acquisition transactions. Ms. Gillis started her career working at a
corporate and securities law firm. Ms. Gillis previously served as Corporate Accountant for an
international manufacturing company that had revenue in excess of $120 million and as Chief Financial
Officer for a technology company with patented cathode materials used in lithium -ion batteries that
successfully built a pilot plant with the assistant of over $ 4 million in government grants. Ms. Gillis has
served as an officer for several TSX-V and CSE listed issuers.
"I am thrilled to join Element79 Gold Corp and contribute to the company's ongoing success," said Tammy
Gillis. "I am eager to work alongside the talented team at Element79 Gold Corp and help drive the
company's financial strategies to new heights."
Ms. Gillis's appointment follows a thorough search process conducted by Element79 Gold Corp's board of
directors, and she will be replacing Heidi Gutte, CGA, CPA, who has played a key role in the company's
financial management during her tenure since the Company’s pre-IPO days. Ms. Gutte has resigned from
her former CFO as part of this leadership change, and will continue to support the Company in a
consultancy role for the coming months to ensure a smooth t ransition through the Year End 2022/2023
audits.
"Our business model has evolved and with our focus towards bringing production online, along with
continued exploration and divestitures in Nevada and Canada. This evolution brings with it an opportunity
to strategically reshape the makeup of our team in order to adapt to meet new challenges we anticipate.
We are confident that Tammy is the right financial team leader to steer our financial operations and
support our growth objectives, and her deep industry knowledge and acumen will be instrumental in
achieving our strategic goals." stated James Tworek, CEO and Director of Element79 Gold Corp. "We thank
Ms. Gutte for her years of help since the earliest days of the Company’s inception and through its fas t-
paced evolution until today. We are confident she will continue to find successes as her career develops
into the future.”
About Element79 Gold Corp.
Element79 Gold is a mining company focused on gold and silver committed to maximizing shareholder
value through responsible mining practices and sustainable development of its projects. Element79
Gold's main focus is on developing its previously -producing, high-grade gold and silver mine, the Lucero
project located in Arequipa, Peru, with the intent to bring it back into production in the near term.
The Company also holds a portfolio of 5 properties along the Battle Mountain trend in Nevada, with the
Clover and West Whistler projects believed to have significant potential for near -term resource
development. Three properties in the Battle Mountain Portfolio are under contract for sale to Valdo
Minerals Ltd., with an anticipated closing date around the end of 2023. The Company has also signed an
Option Agreement to sell the Maverick Springs project, an advanced-stage exploratory property with an
Inferred Resource of 3.71MMoz AuEq (1.37MMoz Au and 175MMoz Ag) and anticipates completing this
sale before the end of 2023.
In British Columbia, Element79 Gold has executed a Letter of Intent and funded a drilling program to
acquire a private company that holds the option to 100% interest of the Snowbird High -Grade Gold
Project, which consists of 10 mineral claims located in Central British Columbia, approximately 20km west
of Fort St. James. The Company also has an option to acquire a 100% interest in the Dale Property, 90
unpatented mining claims located approximately 100 km southwest of Timmins, Ontario, and has recently
announced that it has transferred this project to its wholly-owned subsidiary, Synergy Metals Corp, and is
advancing through the Plan of Arrangement spin-out process through the rest of 2023.
For more information about the Company, please visit www.element79.gold
Contact Information
For corporate matters, please contact:
James C. Tworek, Chief Executive Officer
E-mail: [email protected]
For investor relations inquiries, please contact:
Investor Relations Department
Phone: +1.613.879.9387
E-mail: [email protected]
Cautionary Note Regarding Forward Looking Statements
This press contains "forward looking information" and "forward -looking statements" under applicable
securities laws (collectively, "forward looking statements"). These statements relate to future events or
the Company's future performance, business prospec ts or opportunities that are based on forecasts of
future results, estimates of amounts not yet determinable and assumptions of management made in light
of management's experience and perception of historical trends, current conditions and expected future
developments. Forward-looking statements include, but are not limited to, statements with respect to:
the Company's business strategy; future planning processes; exploration activities; the timing and result
of exploration activities; capital projects and exploration activities and the possible results thereof;
acquisition opportunities; and the impact of acquisitions, if any, on the Company. Assumptions may prove
to be incorrect and actual results may differ materially from those anticipated. Consequently, forward-
looking statements cannot be guaranteed. As such, investors are cautioned not to place undue reliance
upon forward -looking statements as there can be no assurance that the plans, assumptions or
expectations upon which they are placed will occur. A ll statements other than statements of historical
fact may be forward‐looking statements. Any statements that express or involve discussions with respect
to predictions, expectations, beliefs, plans, projections, objectives or future events or performance (often,
but not always, using words or phrases such as "seek", "anticipate", "plan", "continue", "estimate",
"expect", "may", "will", "project", "predict", "forecast", "potential", "target", "intend", "could", "might",
"should", "believe" and similar expre ssions) are not statements of historical fact and may be "forward
looking statements".
Actual results may vary from forward -looking statements. Forward -looking statements are subject to
known and unknown risks, uncertainties and other factors that may cause actual results to materially
differ from those expressed or implied by such forward-looking statements, including but not limited to:
the duration and effects of the coronavirus and COVID-19; risks related to the integration of acquisitions;
actual results of exploration activities; conclusions of economic evaluations; changes in project
parameters as plans continue to be refined; commodity prices; variations in ore reserves, grade or
recovery rates; actual performance of plant, equipment or processes relative to specifications and
expectations; accidents; labour relations; relations with l ocal communities; changes in national or local
governments; changes in applicable legislation or application thereof; delays in obtaining approvals or
financing or in the completion of development or construction activities; exchange rate fluctuations;
requirements for additional capital; government regulation; environmental risks; reclamation expenses;
outcomes of pending litigation; limitations on insurance coverage as well as those factors discussed in the
Company's other public disclosure documents, ava ilable on www.sedarplus.ca. Although the Company
has attempted to identify important factors that could cause actual results to differ materially from those
contained in forward -looking statements, there may be other factors that cause results not to be as
anticipated, estimated or intended. The Company believes that the expectations reflected in these
forward-looking statements are reasonable, but no assurance can be given that these expectations will
prove to be correct and such forward‐looking statements included herein should no t be unduly relied
upon. These statements speak only as of the date hereof. The Company does not intend, and does not
assume any obligation, to update these forward -looking statements, except as required by applicable
laws.
Neither the Canadian Securities Exchange nor the Market Regulator (as that term is defined in the policies
of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.