Vela Minerals Announces Director Change
VELA MINERALS LTD.
NEWS RELEASE
VELA MINERALS ANNOUNCES DIRECTOR CHANGE
January 22, 2018 - Calgary, Alberta, Canada – Vela Minerals Ltd. “TSXV:VLA” (“Vela” or the “Company”),
a BC junior mining corporation announces the resignations of Messrs. Conrad Swanson and Kent Britton as
directors of the Company. The board of directors thanks Messrs. Swa nson and Britton for their lengthy service
to the Company.
The Company welcomes the appointment of Mr. Mark L.P. Ferguson as a new director of the Company. Mr.
Ferguson has served as a director, and often Chief Financial Officer, of a number of public com panies primarily
in the resource extraction sectors. He also served for over 25 years in senior management roles in the Trust and
Finance sectors.
About Vela
Vela is a junior mining company with exploration interests in the Rossland area of British Columbia, Canada.
For further information, please contact:
Vela Minerals Ltd.
Charles Chebry – President and CEO
Telephone: (403) 680-8511
E-mail: [email protected]
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward Looking Statements
This news release contains forward -looking statements relating to the timing and completion of the Proposed Transaction, the future operations of Vela and other
statements that are not historical facts. Forward -looking statements are often identified by terms such as “will”, “may”, “should”, “anticipate”, “expects” and
similar expressions. All statements other than statements of historical fact, included in this release, including, without limita tion, the future plans and objectives of Vela,
are forward looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and
future events could differ materially from those anticipated in such statements. Important factors that could cause actual re sults to differ materially from Vela's
expectations are risks detailed from time to time in the filings made by Vela with securities regulations.
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 Vela. As a result, Vela cannot guarantee that any forward -looking statement will materialize and the reader is cautioned not to place undue reliance on
any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual
results may differ materially from those anticipated. Forward -looking statements contained in this news release are expressly qualified by this cautionary statement.
The forward-looking statements contained in this news release are made as of the date of this news release and Vela will update or revise publicly any of the included
forward-looking statements as expressly required by Canadian securities law.