Targa Announces Director Additions
CSE: TEX | OTCQB: TRGEF | FRA: V6Y
FOR IMMEDIATE RELEASE December 14, 2023
TARGA ANNOUNCES DIRECTOR ADDITIONS
Vancouver, British Columbia (December 14, 2023) – Targa Exploration Corp. (CSE: TEX | FRA: V6Y | OTCQB:
TRGEF) (“Targa” or the “Company”) today announced the election of Mr. James Paterson, the new Chairman
of the Board and Mr. Cameron Tymstra, CEO and President of Targa, to the Board of Directors at its latest
annual general meeting held on Monday, December 11th. Mr. Tymstra has replaced Mr. Jon Ward as a director
and Mr. Ward will remain as VP Corporate Development.
“I’d like to thank Jon Ward for his hard work as a Director of Targa, steering the Company through its IPO in
2023 and bringing us to where we are today,” commented Targa CEO, Cameron Tymstra. “I am grateful to
have been elected to Targa’s Board of Directors and am humbled and excited to be working alongside Jim
Paterson, who is bringing decades of mining leadership and experience to the table. With our upsized financing
closing imminently, Jim’s appointment as Chairman and our recently assembled Advisory Board, the Company
is well positioned with the funding, leadership, and technical expertise needed to begin unlocking value from
our growing portfolio of lithium exploration assets in 2024.”
Mr. Paterson is a co-founder and principal of Discovery Group and has 25 years of executive leadership
experience in the mining industry, including capital raises, acquisitions, joint-ventures, spinouts, and RTOs
and IPOs. He was a driving force behind $80 million in equity financing for ValOre Metals, which led to multiple
discoveries at the Angilak uranium project and Pedra Branca PGE project. He is a director of K2 Gold, Latitude
Uranium and Gold Basin Resources. He was a director of Kaminak Gold Corp. (acquired by Goldcorp),
Northern Empire Resources Corp. (acquired by Coeur Mining) and Great Bear Royalties (acquired by Royal
Gold). He founded Corsa Capital in 2007, and a 2010 transaction created an industry-leading metallurgical
coal producer with a C$250M market capitalization.
Mr. Cameron Tymstra is the Company’s current Chief Executive Officer and President and has over 15 years
of mining industry experience managing projects in Canada, the U.S., and Latin America. He previously held
the role of Chief Operations Officer of Latin American Minerals and is currently the President and CEO of CSE-
listed Tarachi Gold. Cameron graduated from the University of Toronto with a degree in Mining Engineering
and holds a Master’s in Mining Management from the South Dakota School of Mines.
About Targa
Targa Exploration Corp. (CSE: TEX | FRA: V6Y | OTCQB: TRGEF) is a Canadian lithium exploration company
engaged in the acquisition, exploration, and development of lithium mineral properties with headquarters in
Vancouver, British Columbia. Targa’s lithium project portfolio consists of fifteen projects in the provinces of
Quebec, Ontario, Manitoba, and Saskatchewan and covers over 400,000 hectares of prospective ground, most
of which has never been explored previously for lithium. Targa is part of the Inventa Capital group of
companies.
Contact Information: For more information and to sign up to the mailing list, please contact:
Cameron Tymstra, CEO and President
Tel: 416-668-1495
Email: [email protected]
Website: www.targaexploration.com
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SPECIAL NOTE REGARDING FORWARD LOOKING STATEMENTS
This news release includes certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation
Reform Act of 1995 and “forward-looking information” under applicable Canadian securities laws. When used in this news release,
the words “anticipate”, “believe”, “estimate”, “expect”, “target”, “plan”, “forecast”, “may”, “would”, “could”, “schedule” and similar
words or expressions, identify forward-looking statements or information. These forward-looking statements or information relate
to, among other things: required regulatory approvals and fulfilling other closing conditions related to the Offering; closing of the
Offering and the Closing Date; the use of the proceeds raised from the Offering; and the exploration and development of the
Company’s properties.
Forward-looking statements and forward-looking information relating to any future mineral production, liquidity, enhanced value and
capital markets profile of Targa, future growth potential for Targa and its business, and future exploration plans are based on
management’s reasonable assumptions, estimates, expectations, analyses and opinions, which are based on management ’s
experience and perception of trends, current conditions and expected developments, and other factors that management believes
are relevant and reasonable in the circumstances, but which may prove to be incorrect. Assumptions have been made regarding,
among other things, the price of lithium and other metals; costs of exploration and development; the estimated costs of development
of exploration projects; Targa’s ability to operate in a safe and effective manner and its ability to obtain financing on reasonable terms.
These statements reflect Targa’s respective current views with respect to future events and are necessarily based upon a number of
other assumptions and estimates that, while considered reasonable by management, are inherently subject to significant business,
economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause
actual results, performance, or achievements to be materially different from the results, performance or achievements that are or
may be expressed or implied by such forward-looking statements or forward-looking information and Targa has made assumptions
and estimates based on or related to many of these factors. Such factors include, without limitation: price volatility of lithium and
other metals; risks associated with the conduct of the Company’s mineral exploration activities in Canada; regulatory, consent or
permitting delays; risks relating to reliance on the Company’s management team and outside contractors; the Company’s inability to
obtain insurance to cover all risks, on a commercially reasonable basis or at all; currency fluctuations; risks regarding the failure to
generate sufficient cash flow from operations; risks relating to project financing and equity issuances; risks and unknowns inherent in
all mining projects, including the inaccuracy of reserves and resources, metallurgical recoveries and capital and operating costs of
such projects; contests over title to properties, particularly title to undeveloped properties; laws and regulations governing the
environment, health and safety; the ability of the communities in which the Company operates to manage and cope with the
implications of public health crises; the economic and financial implications of public health crises to the Company; operating or
technical difficulties in connection with mining or development activities; employee relations, labour unrest or unavailability; the
Company’s interactions with surrounding communities; the Company ’s ability to successfully integrate acquired assets; the
speculative nature of exploration and development, including the risks of diminishing quantities or grades of reserves; stock market
volatility; conflicts of interest among certain directors and officers; lack of liquidity for shareholders of the Company; litigation risk;
and the factors identified under the caption “Risk Factors” in Targa’s management discussion and analysis and other public disclosure
documents. Readers are cautioned against attributing undue certainty to forward-looking statements or forward-looking information.
Although Targa has attempted to identify important factors that could cause actual results to differ materially, there may be other
factors that cause results not to be anticipated, estimated or intended. Targa does not intend, and does not assume any obligation,
to update these forward-looking statements or forward-looking information to reflect changes in assumptions or changes in
circumstances or any other events affecting such statements or information, other than as required by applicable law.