PowerStone Metals Appoints Lead Technical Advisor and Strategic Advisor
{02069350.1}
PowerStone Metals Announces Garrick Mendham as
Lead Technical Advisor and Emerging Markets Capital as Strategic Advisor
VANCOUVER, British Columbia -- May 23, 2023 - PowerStone Metals Corp. (CSE: PS) (FSE: W0R)
("PowerStone" or the " Company") is pleased to announce that the Company has appointed Garrick
Mendham as lead technical advisor , and that Emerging Markets Capital (“EMC”), a mining focused
investment firm based in Hong Kong led by Jorge Ramiro Monroy, has been appointed as a strategic
advisor to the Company.
Mr. Mendham has over 35 years’ of experience in the mining industry across North America, Australia and
Asia in various roles and commodity groups with extensive knowledge of the critical metals sector. He has
worked for companies such as BHP Group Limited, Rio Tinto, Lihir Gold Limited, Bond Corporation, and
Queensland Nickel Group.
Mr. Mendham joined Hong Kong based RH Mining Resources Ltd. in 2012 and became a board member
in 2017 as Executive Director. Prior to joining RH Mining, Mr. Mendham was with a prominent Hong Kong
resources investment group and was the founding Chairman of the Australasian Institute of Mining and
Metallurgy, Hong Kong branch, and currently serves as a board director of Infinitum Copper. He received
a Bachelor of Mine Engineering from the University of New South Wales, a Graduate Diploma in Finance
from the Securities Institute of Australia, and holds Mine Manager Certificates in Australia for both New
South Wales and Western Australia.
EMC and Mr. Ramiro Monroy have founded a number of mining ventures with Asian capital doing
business in North America. Jorge is the CEO and Founder of Reyna Silver, a Toronto Venture Exchange
listed company with silver exploration projects in Mexico and the U S and currently serves as board
director of Reyna Gold, Sierra Madre Gold and Silver and Arabian Shield Resources. Mr. Ramiro
Monroy holds a Bachelor's degree from the State University of New York, an MBA in Finance from
the Hong Kong University of Science and Technology. Jorge is fluent in English, Hindi, Spanish and
Portuguese and has passed the level III HSK Chinese Fluency Exam.
In connection with the appointment s of Mr. Mendham and EMC, the Company issued an aggregate of
300,000 options at an exercise price of C$0.10 per underlying common share, which are exercisable for
five years from the date of issue, subject to certain vesting conditions, pursuant to the Company’s stock
option plan.
About PowerStone
PowerStone is a mineral exploration company focused on the identification and exploration of high -
quality critical metals assets, in favorable mining jurisdictions, to help meet the increasing demand of
metals required for the transition to a green economy. PowerStone is currentl y exploring the Chilton
Cobalt Property, a prospective cobalt asset located in Quebec, Canada. The Company may also evaluate
- 2 -
{02069350.1}
the acquisition of other mineral exploration assets and opportunities. For more information, please
visit www.powerstonemetals.com.
Contact Information
Raymond Harari
Chief Executive Officer, PowerStone Metals Corp.
t: 507-6675-2221
Cautionary Note Regarding Forward-Looking Statements
Certain statements contained in this press release constitute "forward-looking information" as that term
is defined in applicable Canadian securities legislation. Forward-looking information by its nature is based
on assumptions and involve known and unknown risks, uncertainties and other factors which may cause
the actual results, performance or achievements of the Company to be materially different from any
future results, performance or achievements expressed or implied by such forward-looking statements or
information. We have made certain assumptions about the forward-looking statements and information.
Although PowerStone's management believes that the assumptions made and the expectations
represented by such information are reasonable, there can be no assurance that the forward -looking
information will prove to be accurate. Furthermore, should one or more of the risks, uncertainties or other
factors materialize, or should underlying assumptions prove incorrect, actual results may vary materially
from t hose described in forward -looking statements or information. There can be no assurance that
forward-looking statements or information will prove to be accurate, as actual results and future events
could differ materially from those anticipated in such stat ements. Accordingly, readers should not place
undue reliance on the forward -looking statements or information contained herein. The Company does
not undertake to update forward‐looking statements or forward‐looking information, except as required
by law.
The Canadian Securities Exchange has in no way passed upon the merits of the business of the Company
and has neither approved nor disapproved the contents of this news release and accepts no responsibility
for the adequacy or accuracy hereof.
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES