New Interim President & Other Management Changes
New Interim President & Other Management Changes
-FOR IMMEDIATE RELEASE-
Montréal, March 30, 2021– St-Georges Eco-Mining Corp. (CSE: SX) (OTC: SXOOF)
(FSE: 85G1) would like to inform its shareholders and sta keholders that effective immediately,
Herb Duerr will assume the positions of interim CEO and interim President. Today, the board of
directors received the resi gnation of Mr. Vilhjalmur Thor Vilhjalmsson from his po sition as
President and CEO of St-Georges Eco-Mining Corp. and from his directorships in St-Georges,
Iceland Resources, and EVSX. Vilhjalmur will stay with the Company in a consulting capacity.
Mr. Vilhjalmsson , who took on the interim positions of President & CEO o f St -Georges in
August 2018, commented: “(…) I have enjoyed working wi th the St-Georges team over the past
four and half years and I feel this is the time to attend to other ventures . I look forward to
helping the team when needed and staying in a supportive role as one of its largest shareholders
(…)”
Frank Dumas, the current Company COO, commented: “(…) Vilh volunteered to fill the void at
a very dark time in the history of the Company w hen a major transaction unexpectedly collapsed
(…) during his tenure he was instru mental in putting the Company back on track, got ZeU
Technology, Inc listed on the CSE, completed the acquisition of the remainder of Iceland active
mineral licenses that were not already with St -Georges, negotiated grants and a str ategic pilot
plant partnership for the company ’s metallurgical R&D effort, helped improve the Company
balance sheet, and was central in the push to create EV SX and its EV battery recycling business
model (…) he worked tirelessly in improving shareholder value (…) he took over a Company i n
disarray, sheltered management from relentless critic and harassment following the transaction
failure and he is now leaving a Company that is all cashed u p and now has 10 times the market
capitalisation it had when he took o ver the job (…) this is a new chapter in the s tory of St -
Georges and we are happy to retain access to Vilh while he moves his focus to his other ventures
(…)”
Effective immediately, Kristín Ólafsdóttir return s to St -Georges as an independent director,
bringing a wealth of legacy knowledge to St-Georges as she was previously the CEO of I celand
Resources ehf. She has worked in arctic region exploration at the project management and senior
management levels. Kristín holds an undergraduate degree in Political Science, a master’s degree
in Public Administration, and a diploma in financial economics.
Thordis Bjork Sigurbjornsdottir, who joined the Icelandic team in August 2020, is confirmed in
her roles as President & CEO of Iceland Resources. Thordis commented, “(…) It has been a
pleasure to work with Vilh since coming on board with St -Georges. It is an honour to continue
the work he has carried out in Iceland over the last decade, and we are poised to build on the
solid foundation he's constructed. Our team is on the ground in I celand and is ready to take the
next steps. Thanks to Vilh, we are in a strong position to continue our work in Iceland . We look
forward to summer 2021. (…)”
Mark Billings, the Chairman of the Company, added, “(…) I would like to t hank Vilh for his
invaluable contributions to St-Georges over the past years as President and CEO. The Company
is in a m uch stronger condition today than whe n Vilh first joined us. We recently completed
private placements that have strengthened St -Georges’ financial condition . We have spun off
ZeU Technologies, solidified our position in Iceland and added EVSX to the St -Georges family.
While I am personally sad to see Vilh move on to other opportunities, I am glad that he will stay
connected with the Company as a consultant. (…)”
Herb Duerr, a current director of the Company, commented: “(…) We deeply appreciate Vilh’s
hard work and strong ethics. His relentles s efforts and vision for the future allowed the St -
Georges group of companies to evolve and expand to its present s ize. Vilh has also charted a
course for future endeavours in Canada, Iceland, and other parts of the world , which we will
continue to pursue. I wish him the best in his new ventures. (…)”
ON BEHALF OF THE BOARD OF DIRECTORS
“Mark Billings”
MARK ANTHONY BILLINGS
Chairman of the Board
About St-Georges
St-Georges i s developi ng new t echnologies to solve s ome of the most com mon environmental problem s in the
mining industry. The Company controls all the active mineral tenures in Iceland. It also e xplores for nickel & PGEs
on the Julie Nickel Project and the Manicougan Palladium Project on the Québec’s North Shore. Headquartered in
Montreal, St-Georges’ stock is listed on t he CSE under the sy mbol SX, on the US OTC under the Symbol SXOOF
and on the Frankfurt Stock Exchange under the symbol 85G1.
The Canadian S ecurities Exchange (CSE) has not reviewe d and does no t accept responsibility for the adequacy or
the accuracy of the contents of this release.