Forte Minerals Appoints Two Strategic Members to the Advisory Committee
For Immediate Release September 16, 2022
Forte Minerals Appoints Two Strategic Members to the Advisory Committee
VANCOUVER, British Columbia, September 16, 2022 – Forte Minerals Corp. (“Forte” or the
“Company”) ( CSE: CUAU) ( OTQB: FOMNF ) ( Frankfurt: 2OA ), a junior mining exploration
company has blended assets with GlobeTrotters Resources Perú SAC to build an attractive
portfolio of high-quality copper and gold assets in Perú. The Company’s portfolio combines early-
stage and drill -ready targets with a historically discovered and drilled porphyry system that is
strategically positioned for copper and gold resource development.
Forte Minerals is pleased to announce the appointment of two new strategic members to its
advisory committee. These talented individuals were appointed by the board of directors for the
purpose of offering advice and support on a wide range of issues relevant to the exploration &
mining initiatives in Peru as well as the financial advancement of the Company.
We’re excited and honoured to welcome Ricardo Labó and Peter Espig to the team. Mr. Labó is
a mineral economist with over 20 years industry experience in Peru, Latin America, and Africa.
His wealth of regional experience and strong political network is invaluable.
Mr. Espig is a financier and former VP at Goldman Sachs, with an impressive track record. He
has structured over US$2.0 billion in private equity and pre-IPO investment transactions from the
principal side and is a pioneer of SPACs, having completed over $1.0 BN in transactions.
Ricardo Labó and Peter Espig are joining existing advisors’, Paul Johnston and Thomas
Henricksen to form a well-balanced advisory committee. The committee will serve as an
important complement to the Board of Directors and management of the Company, and create
considerable value in form of contacts, perspective, industry expertise, as well as strategic input
and financial guidance.
Ricardo Labó MSc. - Mineral Economist
Mr. Labó is currently the country manager in Peru for Element 29 (TSXV: ECU), a partner at LQG
Energy and Mining Consulting, General Manager of LQG Ambiental and Executive Director of the
Australia Peru Chamber of Commerce.
He has held several high- level positions in the Ministry of Energy and Mines of Peru including
Vice Minister of Mines, Advisor to the Minister of Energy and Mines as well as Director of Mining
Promotion and Development where he successfully promoted responsible mining exploration and
development investment in the country. In the private sector, he held several senior positions at
Rio Tinto, Roche, Phelps Dodge and Grupo Apoyo, provided strategic advisory and consultancy
services to several international mining companies and institutions, and was a board member of
several private and state-owned mining and energy companies.
Mr. Labó is a Peruvian Chartered Economist from Universidad del Pacifico (Peru), with an MSc.
in Mineral Economics from Colorado School of Mines (US), an LLM in Mineral Law and Policy
from CEPMLP, University of Dundee (Scotland, UK) and an MBA fr om Adolfo Ibañez School of
Management (Chile and US).
Peter Espig – Financial Advisor
Since November 2013, Mr. Espig has been the President and CEO of Nicola Mining Inc. (TSX-V:
NIM). He has been active in the turnaround of mining projects and has functioned in management
and director roles for numerous mining companies. He is experienced i n the analysis of
investment opportunities, raising capital, deal sourcing, financial structuring, and corporate
turnaround.
Mr. Espig served as Vice- President of the Principal Finance and Securitization Group and Asia
Special Situations Group for Goldman Sachs Japan. Prior to joining Goldman Sachs, Mr. Espig
was Vice-President of Olympus Capital, a New York private equity firm, where he participated in
corporate restructurings, investment analysis and financing negotiations for both domestic and
international investments.
In 1989, Mr. Espig received his B.A. from the University of British Columbia and later received his
MBA from Columbia Business School, where he was a Chazen International Scholar.
Paul Johnston PhD. – Technical Advisor
Mr. Johnston is a professional geologist with 30 years experience in the mining industry. His
career as a mine geologist began at the Hemlo Gold deposit with Noranda. In 1996, he joined the
exploration group at Teck Resources Limited (TSX -V: TECK) and amas sed extensive
international experience in early to advanced stage exploration through a variety of technical and
management roles in Southeast Asia, Australia, North America, and South America, including
Regional Chief Geoscientist for South America. Mr. Johnston currently serves as a Director on
the board of Nicola Mining Inc. (TSX-V: NIM)
He holds a PhD from Queen’s University and is a member of the Association of Professional
Engineers and Geoscientists of British Columbia. Mr. Johnston’s extensive int ernational
experience in early to advanced stage exploration for gold, copper and zinc is a great asset to the
company.
Thomas Henricksen PhD. – Senior Geologist Advisor
Dr. Henricksen is a highly regarded economic field geologist with over five decades of exploration
experience. He was one of the founders of Plan B Minerals Corp., now Forte Minerals Corp.
Dr. Henricksen was the recipient of the Association for Mineral Exploration of British Columbia's
2018 Colin Spence Award for Excellence in Global Mineral Exploration. He received this notable
award in recognition of his outstanding contributions to mineral discovery, and for being involved
in some monumental discoveries and acquisitions across the world.
Dr. Henricksen has successfully worked on 40 mineral exploration projects in over 14 countries
on 6 continents. In 2012, Dr. Henricksen served as Vice President of Exploration for Aegean
Metals Group Inc., leading the senior field team in identifying, evaluating, and acquiring two high-
grade gold- copper prospects (VMS Hot Maden and Ergama) in Turkey. Prior to this, Dr.
Henricksen served as senior field geologist for Apoquindo Minerals Inc., which won a bid from
Teck Resources to explore and develop a copper -gold deposit (Zafranal) in Peru, resulting in
more than 400 million tons of copper.
In addition to many other successful exploration projects, he served as a member of the Arctic
exploration team that successfully identified the Red Dog mine in Alaska, now the world's largest
zinc reserves. Operated by Teck Resources in partnership with NANA Development Corporation,
Red Dog's gross profit in 2017 was $971 million. Before this, Dr. Henricksen led efforts to secure
the Eskay Creek mine for US Borax Inc. (a subsidi ary of Rio Tinto), which, during the period of
Dr. Henricksen's involvement, became the world's highest -grade gold mine and the fifth largest
silver mine by volume.
He holds a BSc in Geology from the University of Wisconsin, and a Ph.D. in Economic Geology
from Oregon State University.
ABOUT FORTE MINERALS CORP.
The Company is committed to maximizing shareholder value through acquiring, exploring,
discovering, and developing copper and gold projects in Perú . Moving rapidly along the line of
opportunity towards a value maxima is very attractive to investors. Signif icant value growth is
generated when early -stage exploration moves towards resource definition while zoning in on
target development and eliminating the early-stage grassroots risk. All three of Forte’s properties
offer this opportunity, with tremendous upside considering their geological potential.
On behalf of FORTE MINERALS CORP.
(signed) “Patrick Elliott”
Chief Executive Officer
For further information, please contact:
Forte Minerals Corp.
office: 778-403-5807
www.forteminerals.com
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