North PEAK Announces Harry Dobson Has Been Appointed Executive Chairman and a Director; Grant of Stock Options Calgary, Canada
NORTH PEAK ANNOUNCES HARRY DOBSON HAS
BEEN APPOINTED EXECUTIVE CHAIRMAN AND A
DIRECTOR; GRANT OF STOCK OPTIONS
Calgary, Canada May 12, 2025
North Peak Resources Ltd. (TSX Venture: NPR) (the “Company” or “North Peak”) is pleased to
announce that Harry Dobson has joined North Peak, being appointed to the Board of Directors and as
Executive Chairman of the Company. Mike Sutton has stepped down from the Board of Directors but will
continue as a technical adviser to the Company.
“Harry is a founding shareholder of North Peak, and the Company will benefit greatly from his
extensive insight and experience in strategically financing and building mining assets into world class
deposits,” said Rupert Williams, Chief Executive Officer. “We welcome him to the Board and as Executive
Chairman and look forward to benefiting from his guidance as we continue to explore at Prospect
Mountain in Nevada.”
“In addition, on behalf of the Board I would like to thank Mike Sutton for his guidance as we evaluated and
secured the Prospect Mountain Mine complex and we will continue to benefit from his technical expertise
with the Company, as well as across the wider group.”
Harry Dobson is a former investment banker and senior partner of Yorkton Securities. He currently
engages in various merchant banking and venture capital activities in North America and Europe and was
formally a founding shareholder and Chairman of Kirkland Lake Gold Inc., and is a founding shareholder
of Rupert Resources Ltd. He has acted as Chairman of several resource companies, including American
Pacific Mining Company Inc. and Lytton Minerals Limited, and is currently chairman of Western Gold
Exploration Ltd. and Borders & Southern Petroleum plc.
Given recent changes on its Board of Directors, the Company has reconstituted its Audit Committee and
is now made up of John Thomson (Chair), Ty Erickson and Michael Ouellette.
David Pym, CGeol B.Sc. M.Sc, Consultant Geologist for the Company, who is leading the exploration
efforts at the Prospect Mountain Mine complex, is taking over responsibility as the “qualified person” for
the Company ( as defined under National Instrument 43 -101 - Standards of Disclosure for Mineral
Projects). In addition, Chelsea Hayes, currently Director of Business Development, will step up to the
to the role of VP of Operations and Corporate Development, reflecting the advancement of the project.
In addition, the Company announces the grant of incentive stock options to acquire a total of 950,000
common shares of the Company at an exercise price of $0.87 per share. These options have a five-year
term. Of these options, 625,000 were granted to directors and officers and 75,000 to consultants of
the Company and which vest as to one-half (1/2) immediately and the remaining one-half (1/2) on the
first-year anniversary of the date of grant. The remaining 250,000 options were granted to a consultant
of the Company and vest as to one -quarter (1/4) three months from the date of issuance, and one -
quarter (1/4) every three months thereafter.
www.northpeakresources.com
TSX Venture: NPR
2
For further information, please contact:
Rupert Williams, CEO
Phone: +1-647-424-2305
Email: [email protected]
Chelsea Hayes, Director
Phone: +1-647-424-2305
Email: [email protected]
About North Peak
The Company is a Canadian based gold exploration and development company listed on the TSX
Venture Exchange under the symbol “NPR”. The Company acquired an initial 80% interest in the
Prospect Mountain Mine complex in Eureka, Nevada (see the Company’s May 4 and 23, 2023 and
August 25, 2023 press releases).
CAUTIONARY STATEMENT REGARDING FORWARD -LOOKING STATEMENTS: This news
release includes certain "forward-looking statements" under applicable Canadian securities legislation.
Forward-looking statements include, but are not limited to, timing and completion of any exploration
on the Company’s properties , estimates of mineralization from drilling, sampling and geophysical
surveys, geological information projected from drilling and sampling results and the potential quantities
and grades of the target zones, the potential for minerals and/or mineral resources and reserve s,
intentions, be liefs, and current expectations of the Prospect Mountain Mine complex and the
Company, including with respect to the future business activities and operating performance of the
Company that may be described herein . Forward-looking statements consist of statements that are
not purely historical, including any statements regarding beliefs, plans, expectat ions or intentions
regarding the future. Such information can generally be identified by the use of forwarding -looking
wording such as “may”, “expect”, “estimate”, “anticipate”, “intend”, “believe” and “continue” or the
negative thereof or similar variations. Readers are cautioned not to place undue reliance on forward-
looking statements, as there can be no assurance that the plans, intentions or expectations upon
which they are based will occur.
By their nature, forward-looking statements involve numerous assumptions, known and unknown risks
and uncertainties, both general and specific, that contribute to the possibility that the predictions,
estimates, forecasts, projections and other forward -looking statements will not occur. These
assumptions, risks and uncertainties include, among other things, the state of the economy in general
and capital markets in particular, accuracy of assay results, geological interpretations from drilling
results, timing and amount of capital expenditures; performance of available laboratory and other
related services, future operating costs, and the historical basis for current estimates of potential
quantities and grades of target zones, as well as those risk factors discussed or referred to in the
Company's Management's Discussion and Analysis for the year ended December 31, 2024 available
at www.sedarplus.ca, many of which are beyond the control of the Company. Forward -looking
statements contained in this press release are expressly qualified by this cautionary statement.
The forward-looking statements contained in this press release are made as of the date of this press
release. Except as required by law, the Company disclaims any intention and assumes no obligation
to update or revise any forward -looking statements, wheth er as a result of new information, future
events or otherwise. Additionally, the Company undertakes no obligation to comment on the
expectations of, or statements made by, third parties in respect of the matters discussed above.
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined
in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.