Palamina Appoints VP Exploration, Advisory Board Member & Issues Options
PALAM MINA APPO OINTS VP EX XPLORATIO ON, ADVISORY Y BOARD M MEMBER & ISSUES OP PTIONS
| FOR IM | MEDIATE R | ELEASE: |
| Toronto – | December 1 | 9, 2019 |
Palamina Corp. (PA:T TSX.V) has ap ppointed Wil lliam McGuin nty as its Vic ce President o of Exploratio on and Christina McCarthy a as an adviso ory board m member. Chri istina McCar rthy will assist in expa anding Palamina’
’s market pre esence in the global mining and financi ial communit ty. William M McGuinty wil ll lead Palamina’
’s effort to ex xplore for and d define gold d deposits in Pe eru..
Andrew T continues to strengthen m Thomson, Pre esident of Pal lamina stated d, “Palamina c management a and its any in Peru. Bill’s advisory board with a a view to be ecoming the p premier pure e gold explor ration compa experienc ce in commun nity relations s and explori ing for gold deposits in Latin Americ ca and Chris stina’s extensive corporate dev velopment sk killset will com mpliment and d benefit Pala amina.”
Bill McG Guinty is a ge eologist who has worked for Canadian n junior explo orers since 1981. He serv ved as ation for Intrepid Mines L Vice-Pres sident Explora Ltd. until its t takeover in 2 2008 and for Queenston M Mining He is currently Vice President Inc. until l its acquisit tion by Osis sko Mining Corporation in 2012. H es Inc. with exploration i in the James Bay region of Quebec. B Exploratio on for Eastm main Resource Bill is anish and a Professional Geoscientist fluent in English, Fre ench and Spa t in Ontario and Quebec
c. Bill provided review supp port for the recently pu ublished “Ki it de herram mientas de r relacionamien nto y comunica ación para un na exploración n minera resp ponsable”, a good practice e initiative of f the Peru Mi inistry of Energy y and Mines (M MEM) and th he Canadian E Embassy in Pe eru.
Christina McCarthy i is the CEO of Palisades s Goldcorp L Ltd. and the e former dire ector of corp porate developm ment at McEw wen Mining. C Christina is a a geologist wh ho previously y worked in i institutional e equity uro Pacific Canada sales at H Haywood Secu urities and acted as a mining specialist and research h analyst at Eu (now Echelon Wealth P Partners).
Palamina’
’s board of d directors has a approved the issuance of 1,330,000 inc centive stock k options to c certain directors, officer, empl loyees and co onsultants of t the Company. As a result o of this grant, the company y has a total of 3, ,310,000 stoc ck options iss sued. Options s granted to d directors, officers and emp ployees expire in 5 ns vest immediately and a years whi ile options gr ranted to con nsultants expi ire in 2 years
s. The option are all exercisabl le at $0.25 pe er common sh hare.
ABOUT P PALAMINA A
| Palamina | holds the ap | plication and | mining righ | ts to four gol | d projects in | south-easter | n Peru in the | Puno |
|---|---|---|---|---|---|---|---|---|
| Orogenic | Gold Belt ( | POGB), a si | lver copper | project in th | e Santa Luci | a district an | d two coppe | r-gold |
| projects i | n Southern P | eru. In Sept | ember of 20 | 19, Palamina | concluded t | he sale of th | e Gaban gol | d and |
| Tinka I.O | .C.G Projec | ts for 10,000 | ,000 shares | of Helio Re | sources Cor | p. and a 2% | NSR per pr | oject. |
| Palamina | has 36,303,6 | 36 shares ou | tstanding and | trades on th | e TSX Vent | ure Exchange | under the s | ymbol |
| PA. |
FOR FUR RTHER INF FORMATION N PLEASE C CONTACT:
Andrew T Thomson, President Phone: (416) 987-0722 2 or visit www w.palamina.co om
Neither r the TSX Ventur re Exchange nor its Regulation S Services Provide er (as that term is s defined in the p policies of the T TSX Ventur re Exchange) ac ccepts responsibi ility for the adeq quacy or accurac cy of this release e.