DEMESNE RESOURCES LTD. ANNOUNCES CEO SUCCESSION Vancouver, BC, Oc tober 16, 2024 - Demesne Resources Ltd. (CSE:DEME) (“Demesne” or the “Company”) announces that Adam Virani has resigned as the Chief Executive Officer of the
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DEMESNE RESOURCES LTD. ANNOUNCES CEO SUCCESSION
Vancouver, BC, Oc tober 16, 2024 - Demesne Resources Ltd. (CSE:DEME) (“Demesne” or the
“Company”) announces that Adam Virani has resigned as the Chief Executive Officer of the
Company effective today. The Company is pleased to announc e that Murray Nye has been
appointed as Chief Executive Officer, effective today. Mr. Virani will remain as the Corporate
Secretary and a director of the Company and will work closely together with Mr. Nye to ensure a
seamless leadership transition as the Company continues to evaluate growth opportunities.
Mr. Nye brings over 20 years of experience as a director and officer of various public companies,
with junior mining sector, mergers & acquisitions, and capital markets expertise. He most
recently served as CEO of a publicly-listed junior mining company from 2016 until 2022, where
he was led efforts in securing seed capital fi nancing and listing on the Canadian Securities
Exchange. Mr. Nye was also instrumental in helping the company secure a lease to purchase
option and acquiring key patented mining claims, which hosted three historic producing mines.
“This is a very exciting time for Demesne as we look to advance the Star Project and assess growth
opportunities for the Company.” said Mr. Nye. “Demesne is well positioned, and I am excited to
lead our team in unlocking the Company’s expl oration and subsequent development potential,
growing the relationships that Demesne has with its stakeholders, and delivering value to our
shareholders.”
ABOUT DEMESNE RESOURCES LTD.
Demesne Resources Ltd. is a Br itish Columbia based company involved in the acquisition and
exploration of magnetite mineral properties. The Company's sole property is the Star Project,
consisting of five contiguous mineral titles co vering an area of approximately 4,615.75 hectares
located in the Skeena Mining Division, British Columbia, Canada. The Company has entered into
an option agreement pursuant to which it is en titled to earn an undivided 100% interest in the
Star Project.
ON BEHALF OF THE BOARD OF DIRECTORS:
Adam Virani
Director
For further information, please contact: Adam Virani, Corporate Secretary and Director, Email:
[email protected]; Phone: +56 9-4770-8252.
The Canadian Securities Exchange does not accept resp onsibility for the adequacy or accuracy of this
release and has neither approved nor disapproved the contents of this press release.