Outcrop Silver Engages New CEO & Director
OUTCROP SILVER ENGAGES NEW CEO &
DIRECTOR
VANCOUVER, BC
,
April 20, 2026
/CNW/ -
Outcrop Silver & Gold Corporation
(TSX: OCG)
(OTCQX: OCGSF) (DE: MRG)
("Outcrop Silver"
or the "
Company
"
)
is pleased to announce a
change in management and an additional member to the Board of Directors of Outcrop Silver. Rob
Bruggeman will become the Chief Executive Officer of Outcrop Silver, and will join the Board of
Directors, effective immediately, bringing the total number of directors to six.
Mr. Bruggeman brings more than 20 years of experience across capital markets, corporate
development, and executive leadership in the mining sector. As former Chairman and Interim CEO of
AbraSilver Resource Corp., he led a transformation that saw the company grow from approximately
$10 million to over $1 billion in market capitalization, alongside a merger, balance sheet
restructuring, and advancement of its core silver-gold assets.
Mr. Bruggeman is a CFA charterholder and former Professional Engineer (Ontario), with a
background that combines technical and financial expertise focused on capital allocation, corporate
strategy, and building companies through key stages of growth.
Rob Bruggeman, incoming CEO, commented:
"Silver is hitting unprecedented highs, yet attractive primary silver projects are rarer than ever.
Between a supply-demand deficit and the world-class grades at Santa Ana, we have the perfect
storm – and a rare opportunity – to build an exceptional company at Outcrop Silver."
Ian Harris, outgoing CEO and incoming Chairman, commented:
"Rob's track record makes him the right leader for this next phase. Outcrop is well financed with a
strong balance sheet and a solid foundation. I look forward to working closely together as we
continue to advance Santa Ana and build on our approach to responsible development and
community partnership in Colombia."
The Company intends to grant Rob Bruggeman 1,000,000 options at $0.36 with a five year term
expiring April 17, 2031, vesting at 1/4
th
quarterly, as well as 1,000,000 inducement shares vesting
1/4
th
of the total shares quarterly, subject to the approval of the TSX if required.
The Company has also granted 5,350,000 options to directors, officers, employees and consultants
at $0.36 with a five year term expiring April 17, 2031, vesting at 1/4
th
quarterly. The Company has
granted 2,350,000 restricted stock units ("RSUs") vesting quarterly over twelve months. The
Company has granted 3,000,000 deferred stock units ("DSUs") to directors. The options, RSUs and
DSUs, have all been granted in accordance with the terms of the Company's current equity incentive
plans.
Ian Harris is stepping into the role of Chair of the Board of Directors and resigning as CEO. Jay Sujir
will remain on the Board but will resign as Chair.
Amandip Singh has resigned as Vice President, Corporate Development. Guillermo Hernandez
Pineda has resigned as Vice President, Exploration. The Company thanks them for their
contributions.
About Outcrop Silver
Outcrop Silver is a leading explorer and developer focused on advancing its flagship Santa Ana high-
grade silver project in Colombia. Leveraging a disciplined and seasoned team of professionals with
decades of experience in the region, Outcrop Silver is dedicated to expanding current mineral
resource estimates through strategic exploration initiatives.
At the core of our operations is a commitment to responsible mining practices and community
engagement, underscoring our approach to sustainable development. Our expertise in navigating
complex geological and market conditions enables us to consistently identify and capitalize on
opportunities to enhance shareholder value. With a deep understanding of the Colombian mining
landscape and a track record of successful exploration, Outcrop Silver is poised to transform the
Santa Ana project into a significant silver producer, contributing positively to the local economy and
setting new standards in the mining industry.
ON BEHALF OF THE BOARD OF DIRECTORS
Ian Harris
Chief Executive Officer
+1 604 638 2545
www.outcropsilver.com
Kathy Li
Vice President of Investor Relations
+1 778 783 2818
Neither the TSX nor its Regulation Services Provider (as such term is defined in the policies of the
TSX ) accepts responsibility for the adequacy or accuracy of this release.
Certain information contained herein constitutes "forward-looking information" under Canadian
securities legislation. Generally, forward-looking information can be identified by the use of
forward-looking terminology such as "potential," "we believe," or variations of such words and
phrases or statements that certain actions, events or results "will" occur. Forward-looking
statements are based on the opinions and estimates of management as of the date such
statements are made and they are subject to known and unknown risks, uncertainties and other
factors that may cause the actual results, level of activity, performance or achievements of Outcrop
Silver to be materially different from those expressed or implied by such forward-looking
statements or forward-looking information, including: the receipt of all necessary regulatory
approvals, capital expenditures and other costs, financing and additional capital requirements,
general economic, market and business conditions, new legislation, uncertainties resulting from
potential delays or changes in plans, political uncertainties, and the state of the securities markets
generally. Although management of Outcrop Silver have attempted to identify important factors that
could cause actual results to differ materially from those contained in forward-looking statements
or forward-looking information, there may be other factors that cause results not to be as
anticipated, estimated or intended. There can be no assurance that such statements will prove to
be accurate, as actual results and future events could differ materially from those anticipated in
such statements. Accordingly, readers should not place undue reliance on forward-looking
statements and forward-looking information. Outcrop Silver will not update any forward-looking
statements or forward-looking information that are incorporated by reference.
SOURCE Outcrop Silver & Gold Corporation
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CNW 05:45e 20-APR-26