Altum Announces Resignation and Appointment of Directors and Executive Officers and Enters into Investor Relations Agreement
ALTUM RESOURCE CORP.
3148 Highland Boulevard
North Vancouver, British Columbia, V7R 2X6
Altum Announces Resignation and Appointment of Directors and Executive Officers
Enters into Investor Relations Agreement
Vancouver, British Columbia, June 15, 2020: Altum Resource Corp. (the "Company"
or "Altum") (CSE: ALTM) is pleased to announce the appointment of David Smith as the President
and a director of the Company.
Mr. Smith's main strengths include finance, corporate development, and team building. Following
graduation from the University of British Columbia with a Comme rce degree, he chose the real
estate industry as his primary focus. Mr. Smith's real estate experience from a corporate
perspective extends from the assembly and management of investm ent specialists to building a
successful team and assessing, financing, and building resident ial condominiums in western
Canada. As an investor he has excelled in the acquisition and development of apartments, as well
as the assembly and development of both commercial, and residential real estate.
Mr. Smith has previously been involved in the management, devel opment and financing of two
successful public companies, which were both listed on the TSX and had operations in the United
States. Each company had an environmental effect; one in devel oping a series of water-based
adhesives and coatings, the other developing innovative absorbe nt technologies utilizing short
fiber cellulose.
For the past 6 years Mr. Smith has worked in the mining busines s as an investor, in corporate
development and as a consultant. He played an integral role in attracting Scott Dunbar, Gordon
Ellis and Darryl Jones to Altum's recently announced Advisory B oard, and Mr. Smith is looking
forward to contributing in a meaningful way to Altum's management and board of directors.
In connection with Mr. Smith's appointment, Blaine Bailey has r esigned as a director of the
Company, and will continue to serve as the Chief Financial Offi cer of the Company. James
Walchuck has also stepped down as the President of the Company, however, he will remain in his
position as the Chief Executive Officer and a director of the Company.
Investor Relations Agreement
The Company also announces that it has entered into an agreemen t with Liviakis Financial
Communications Inc. ("Liviakis Fin ancial"), whereby Liviakis Fi nancial will provide investor
relations services to the Company for a term of 24 months. Liv iakis Financial is based in San
Francisco, California and has experience with providing investor relations services to junior public
companies. The Company and Liviakis Financial are at arm's len gth, and the Company will pay
to Liviakis Financial a monthly cash fee of USD $20,000.
About Altum Resource Corp.
Altum is a mineral exploration and resource development company focused on identifying
economically viable resource opportunities in the Americas.
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LC231287-1
On Behalf of the Board of Directors
James Walchuck, Chief Executive Officer and Director
For further information, please contact:
James Walchuck
Chief Executive Officer
T: 604-259-7707
Forward-Looking Statements:
This news release contains forward-looking statements and forward-looking information (collectively, "forward-
looking statements") within the meaning of applicable Canadian and U.S. securities legislation, including the United
States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact,
included herein including, without lim itation, the Company's expect ation that it will be successful in enacting its
business plans and the anticipated business plans and timing of future activities of the Company, are forward-looking
statements. Although the Company believes that such statements are reasonable, it can give no assurance that such
expectations will prove to be correct. Forward-looking statements are typically identified by words such as:
"believes", "will", "expects", "anticipates", "intends", "estimates", "plans", "may", "should", "potential", "scheduled",
or variations of such words and phrases and similar expre ssions, which, by their nature, refer to future events or
results that may, could, would, might or will occur or be taken or achieved. In making the forward-looking statements
in this news release, the Company has applied several material assumptions, including without limitation, that there
will be investor interest in future financings, market fundamentals will result in sustained precious metals demand
and prices, the receipt of any necessary permits, licenses and regulatory approvals in connection with the future
exploration and development of the Company's projects in a timely manner, the availability of financing on suitable
terms for the exploratio n and development of the Company's projects and the Company's ability to comply with
environmental, health and safety laws.
The Company cautions investors that any forward-looking statements by the Company are not guarantees of future
results or performance, and that actual results may differ materially from those in forward-looking statements as a
result of various factors, including, operating and technical difficulties in connection with mineral exploration and
development activities, actual results of exploration activities, the estimation or realization of mineral reserves and
mineral resources, the inability of the Company to obtain the necessary financing required to conduct its business and
affairs, as currently contemplated, the timing and amount of estimated future production, the costs of production,
capital expenditures, the cost s and timing of the development of new de posits, requirements fo r additional capital,
future prices of precious metals, changes in general economic conditions, changes in the financial markets and in the
demand and market price for commodities, lack of investor inte rest in future financings, accidents, labour disputes
and other risks of the mining industry, delays in obtaining governmental approvals, permits or financing or in the
completion of development or construction activities, risks relating to epidemics or pandemics such as COVID–19,
including the impact of COVID–19 on the Company's business, financial condition and results of operations, changes
in laws, regulations and policies affecting mining operations, title disputes, the inability of the Company to obtain any
necessary permits, consents, approvals or authorizations, including of the Canadian Securities Exchange, the timing
and possible outcome of any pending litigation, environmental issues and liabilities, and risks related to joint venture
operations, and other risks and uncertainties disclosed in the Company's latest interim Management's Discussion and
Analysis and filed with certain securities commissions in Canada. All of the Company's Canadian public disclosure
filings may be accessed via www.sedar.com and readers are urged to review these materials.
Readers are cautioned not to place undue reliance on forward-looking statements. The Company undertakes no
obligation to update any of the forward-looking statements in this news release or incorporated by reference herein,
except as otherwise required by law.