Xcite Resources Inc. Appoints New CEO
XCITE RESOURCES INC. APPOINTS NEW CEO
Vancouver, British Columbia, A ugust 1, 2023 – XCITE RESOURCES INC. (“Xcite” or the
“Company”)(CSE: XRI) is pleased to announce that Mr. Gary Economo has been appointed as Chief
Executive Officer of the Company, effective immediately. In conjunction with Mr. Economo’s
appointment, Mr. Chris Cooper resigned as CEO, although Mr. Cooper will remain on the board of directors
and will act as Chair of the Board.
Mr. Economo is an experienced CEO with a technical, sales and marketing background, engaged in the
high tech, mineral exploration, battery materials, energy storage, graphite, and graphene Industries for over
45 years. Mr. Economo has held the title of President and CEO with various tech and mineral exploration
companies in Canada and the USA and has completed several successful IPOs and RTOs, as well as more
than a dozen mergers and acquisitions. Mr. Economo is passionate about building shareholder value,
creating employment opportunities and advancing environmental sustainability.
Mr. Economo has been a guest speaker at various business, political and charity events over the years
including the Royal Bank, Cancer Socie ty, ADAO, Algonquin College, 3D Connect, CTIA, and has
developed and delivered time management, sales, marketing, and customer service training courses to
companies in a variety of industries in Canada, Europe, and the USA.
“The board of directors is very pleased to welcome Gary into the chief executive officer role,” stated Chris
Cooper, Chair of the board of Xcite Resources. “The board is confident that Gary’s extensive technical
experience, together with his leadership skills and proven track record will best position the Company for
future success.”
About Xcite Resources Inc.
Xcite Resources Inc. is a mineral exploration company focused on its Turgeon Lake Property, located in
the Province of Québec. For further information, please refer to the Company's disclosure record on
SEDAR+ (www.sedarplus.ca) or contact the Company by telephone at 613-899-8521.
On Behalf of the Board of Directors
Chris Cooper
Chair
Forward-Looking Information
Certain statements in this news release are forward -looking statements, including with respect to future
plans, and other matters. Forward-looking statements consist of statements that are not purely historical,
including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such
information can generally be identified by the use of forwarding-looking wording such as “may”, “expect”,
“estimate”, “anticipate”, “intend”, “believe” and “continue” or the negative thereof or similar variations.
The reader is cautioned that assumptions used in the preparation of any forward-looking information may
prove to be incorrect. Events or circumstances may cause actual results to differ materially from those
predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of
which are beyond the control of the Company, including but not limited to, business, economic and capital
market conditions, the ability to manage operating expenses, and dependence on key personnel. Such
statements and information are based on numerous assumptions regarding present and future business
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strategies and the environment in which the Company will operate in the future, anticipated costs, and the
ability to achieve goals. Factors that could cause the actual results to differ materially from those in
forward-looking statements include, the continued availability of capital and financing, litigation, failure
of counterparties to perform their contractual obligations, loss of key employees and consultants, and
general economic, market or business conditions. Forward- looking statements contained in this news
release are expressly qualified by this cautionary sta tement. The reader is cautioned not to place undue
reliance on any forward-looking information.
The forward-looking statements contained in this news release are made as of the date of this news release.
Except as required by law, the Company disclaims a ny intention and assumes no obligation to update or
revise any forward-looking statements, whether as a result of new information, future events or otherwise.
The CSE has not reviewed, approved or disapproved the contents of this news release.