Boreal strengthens Board with addition of Patricio Varas Karl Antonius reports:
Boreal Metals Corp.
NEWS RELEASE
Boreal strengthens Board with addition of Patricio Varas
Karl Antonius reports:
Vancouver, B.C., March 29, 2017. Boreal Metals Corp. (“BMC” or the “Company”) is pleased to announce that Patricio Varas has joined the Board.
Mr. Varas brings a breath of experience exploring and managing projects from concept inception, through discovery, leading to mining feasibilities and mine development. As a hands-on executive and director he has helped to fund and guide in the discovery and development of several world class deposits.
The President and CEO of the company, Karl Antonius commented, “We are pleased to add Mr. Varas to the board, he brings with him not only the technical know- how to deliver effective exploration and mining projects but also the corporate and financial acumen executed while running his previous successful mining endeavours.”
Patricio is a Professional Geoscientist with 30 years experience in mineral exploration, project management, advanced project evaluation, mine feasibilities, mine development and corporate leadership. Pat has worked and collaborated with major and junior mining companies in exploration projects that span the world in search for Potash, Copper, Gold, Silver, Diamonds and Base Metals.
During his most recent tenure as a founder, President and CEO of Western Potash Corp., Patricio led the company in the discovery and development of the Milestone Potash deposit in Saskatchewan. During his tenure at Western Potash, Patricio and his team raised over $240 Million, in some of the most difficult financial markets, to advance the company through discovery, multiple economic evaluations, environmental approvals, feasibilities and change of control transactions.
Patricio was a team member in the project exploration design work that led to the discovery of the Diavik Diamond mine while at Kennecott Canada Inc., a division of Rio Tinto. He was also instrumental in the project management and project design team-work that led to the discovery of the Santo Domingo Sur Copper deposit in Chile with Far West Mining.
Denny Mee has resigned as a director and the Company thanks Denny Mee for his involvement as a director of the Company.
About Boreal Metals Corp.
Boreal Metals Corp. is a Canadian reporting issuer company founded in 2013. The Company’s experienced finance and technical management team is focused on opportunity recognition and committed to creating shareholder value through exploration project acquisition and advancement. Boreal holds interests in the Gumsberg and Adak exploration assets in Sweden and the Tynset and Burfjord assets in Norway through its wholly-owned subsidiaries EMX Exploration Scandanavia AB and Iekelvare Minerals AB.
Karl Antonius President and CEO, Boreal Metals Corp.
For further information regarding Boreal Metals Corp., please contact:
Karl Antonius: [email protected] Patricio Varas: [email protected]
Cautionary Note Regarding Forward-Looking Statements
This news release contains certain statements that may be deemed “forward‐looking statements”. Forward‐looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although Boreal Metals Corp. believes the expectations expressed in such forward‐looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, are subject to risks and uncertainties, and actual results or realities may differ materially from those in the forward‐looking statements. Such material risks and uncertainties include, but are not limited to, Boreal Metals Corp.’s ability to raise sufficient capital to fund its obligations under its property option agreements, to maintain its mineral tenures and concessions in good standing, to explore and develop its projects, to repay its debt and for general working capital purposes; changes in economic conditions or financial markets; the ability of Boreal Metals Corp. to obtain the necessary permits and consents required to explore, drill and develop the projects and if obtained, to obtain such permits and consents in a timely fashion relative to Boreal Metals Corp.’s plans and business objectives for the projects; the general ability of Boreal Metals Corp. to drill test its projects and find mineral resources; if any mineral resources are discovered or acquired, the Company’s ability to monetize any such mineral resources; and changes in environmental and other laws or regulations that could have an impact on the Company’s operations. Forward‐looking statements are based on the reasonable beliefs, estimates and opinions of Boreal Metals Corp.’s management on the date the statements are made. Except as required by law, Boreal Metals Corp. undertakes no obligation to update these forward‐looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.