Mosaic Announces Director Resignation and Grant of Incentive Stock Options
Mosaic Minerals Announces Board Changes, Grants Stock Options
Montreal, Quebec – April 27, 2021 – M. Maurice Giroux, President and CEO of Mosaic Minerals Corp. (“Mosaic”
or the “Company”) (CSE: MOC) announces:
Board of Directors
Mosaic announces the resignation of Tim Johnson as a member of the Board of Directors. We fully appreciate
that the increasing demands of Mr. Johnson ’s full-time position as President and CEO of Granite Creek Copper
Inc. no longer allow him adequate time to continue his Mosaic directorship. We thank Mr. Johnson for all his
assistance and for his contributions to Mosaic’s development from incorporation through to CSE listing and up
to the present time. We wish him the best of luck in his other ongoing project.
Grant of Stock Options
Mosaic has granted 1,000,000 incentive stock options to directors and consultants. The options are exercisable
at a price of $0.10 per share for a term of five years. The options are granted pursuant to the Company’s incentive
stock option plan.
About Mosaic Minerals Corporation
Mosaic Minerals Corp., founded in 2018, is a Canadian mineral exploration company focused on the acquisition
and the development of mining property with potential principally within the Quebec mining camps.
On Behalf of the Board
Maurice Giroux BSc
President & CEO
Contact: Maurice Giroux at 1-514-952-5709
www.mosaicminerals.ca
This release contains certain "forward -looking information" under applicable Canadian securities laws concerning the Arrangement. Forward -looking
information reflects the Company’s current internal expectations or beliefs and is based on information currently available to the Company. In some cases
forward-looking information can be identified by terminology such as "may", "will", "should", "expect", "intend", "plan", "anticipate", "believe", "estimate",
"projects", "potential", "scheduled", "forecast", "budget" or the negative of those terms or other comparable terminology. As sumptions upon which such
forward-looking information is based includes, among others, that the conditions to closing of the Arrangement will be satisfied and that the Arrangement
will be completed on the terms set out in the definitive agreement. Many of these assumptions are based on factors and events that are not within the
control of the Company, and there is no assurance they will prove to be correct or accurate. Risk factors that could cause actual results to differ materially
from those predicted herein include, without limitation: that the remaining conditions to the Arrangement will not be satisfied; that the business prospects
and opportunities of the Company will not proceed as anticipated; changes in the global prices for gold or certain other comm odities (such as diesel,
aluminum and electricity); changes in U.S. dollar and other currency exchange rates, interest rates or gold lease rates; risks arising from holding derivative
instruments; the level of liquidity and capital resources; access to capital markets, financing and interest rates; mining ta x regimes; ability to successfully
integrate acquired assets; legislative, political or economic developments in the jurisdictions in which the Company carries on business; operating or technical
difficulties in connection with mining or development activities; laws and regula tions governing the protection of the environment; employee relations;
availability and increasing costs associated with mining inputs and labour; the speculative nature of exploration and develop ment; contests over title to
properties, particularly title to undeveloped properties; and the risks involved in the exploration, development and mining business. Risks and unknowns
inherent in all projects include the inaccuracy of estimated reserves and resources, metallurgical recoveries, capital and op erating costs of such projects,
and the future prices for the relevant minerals.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Ven ture Exchange) accepts
responsibility for the adequacy or accuracy of this release.