Adex Mining Announces Board, Senior Management Changes
ADEX MINING ANNOUNCES BOARD, SENIOR MANAGEMENT CHANGES
Toronto, Ontario – October 11, 2017 – Adex Mining Inc. ("Adex" or the "Company") (TSX ‐V:
ADE) announces today that it has appointed Wong Kwok Keung to the board of directors of the
Company (the “Board” or “Board of Directors") to fill a vacancy left by the resignation of Joseph
Lau Ying Kit. Separately, the Company has appointed two new executive officers: Linda Lam
Kwan as Chief Executive Officer and Olga Balanovskaya as Chief Financial Officer.
Mr. Wong joins the Board of the Company effective October 1, 2017 as a representative of
Great Harvest Canadian Investment Company Limited (“Great Harvest”), the Company’s largest
shareholder. Mr. Wong holds a Master of Science in Finance Analysis and a Master of Corporate
Governance and is a certified public accountant of the Hong Kong Institute of Certified Public
Accountants and the Association of Chartered Certified Accountants. H e is also associate
member of Hong Kong Institute of Chartered Secretaries and The Institute of Chartered
Secretaries and administrators. Prior to joining Adex , Mr. Wong has over 18 years of hands‐on
and diversified working experience in several Hong Kong Listed companies and well known
organizations across jewellery trading, property leasing and development, garment and
electronics manufacturing in the Greater China and Asia Pacific regions. Mr. Wong fills the
vacancy left by Mr. Lau, who has resigned afte r serving on the Board since 2011 as a
representative of Great Harvest.
Ms. Lam is an entrepreneur with over 15 years of experience in the mining and steel industry,
as well as over 10 years of experience in the marine transportation industry. She graduat ed
from Dongbei University of Finance and Economics with a degree in English for Finance in the
Department of Foreign Language for Finance. She previously served as interim CEO of the
Company from 2011 to 2012 and returns to that role in place of Yan Kim P o, who has served as
interim CEO since 2012. Both Ms. Lam and Mr. Yan have served on the Board of Directors of the
Company since 2011 and both will remain on the Board of Directors following the change in
CEO position.
Ms. Balanovskaya has over 15 years of private and public company experience in the capacity of
senior controller. She is a member of the Chartered Professional Accountants of Ontario, has a
diploma in International Accounting Standards from the Institute of Financial Accountants, UK
and a me mbership in the Institute of Professional Accountants and Auditors of Russia. She
assumes the role from Doug Bolton, who had served as interim CFO of the Company since 2013.
The Board and senior management changes are effective October 1, 2017. The appoin tment of
Mr. Wong to the Board remains subject to the acceptance of the TSX Venture Exchange.
The Company wishes to thank Mr. Lau, Mr. Yan and Mr. Bolton for their service in their
outgoing positions.
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ABOUT ADEX
Adex Mining Inc. is a Canadian junior mining company with an experienced management team.
The Company is focused on developing its flagship Mount Pleasant Mine Property, a multi ‐
metal project that is host to promising tungsten ‐molybdenum and tin‐ indium‐zinc
mineralization. Located in Charlotte County, New Brunswick, the Mount Pleasant Mine
Property is 80 kilometres south of Fredericton, the provincial capital, and 65 kilometres from
the United States border. The common shares of Adex trade on the TSX Venture Exchange
under the stock symbol "ADE".
FOR FURTHER INFORMATION, PLEASE CONTACT:
Linda Lam Kwan
Chief Executive Officer
Adex Mining Inc.
1‐866‐508‐2339 (ADEX)
Email: [email protected]
Website: www.adexmining.com
No securities commission or regulatory authority has approved or disapproved the contents of
this press release.
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
Certain statements in this press release may constitute "forward ‐looking" statements which
involve known and unknown risks, uncertainties and other factors which may cause actual
results, performance or achievements of Ade x, its subsidiary or the industry in which they
operate to be materially different from any future results, performance or achievements
expressed or implied by such forward ‐looking statements. When used in this press release, the
words "estimate", "believ e", "anticipate", "intend", "expect", "plan", "may", "should", "will",
the negative thereof or other variations thereon or comparable terminology are intended to
identify forward ‐looking statements. Such statements reflect the current expectations of the
management of Adex with respect to future events based on currently available information
and are subject to risks and uncertainties that could cause actual results, performance or
achievements to differ materially from those expressed or implied by those forward‐looking
statements. These risks and uncertainties are detailed from time to time, including, without
limitation, under the heading "Risk Factors", in reports filed by Adex with the Alberta, British
Columbia, Ontario, New Brunswick and Nova Scotia Securities Commissions which are available
at www.sedar.com and to which readers of this press release are referred for additional
information concerning Adex, its prospects and the risks and uncertainties relating to Adex and
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its prospects. New risk fact ors may arise from time to time and it is not possible for
management to predict all of those risk factors or the extent to which any factor or
combination of factors may cause actual results, performance and achievements of Adex to be
materially different from those contained in forward ‐looking statements. Although the
forward‐looking statements contained in this press release are based upon what management
believes to be reasonable assumptions, Adex cannot assure investors that actual results will be
consistent with these forward ‐looking statements. Given these risks and uncertainties,
investors should not place undue reliance on forward‐ looking statements as a prediction of
actual results. The forward ‐looking information contained in this press release is current only
as of the date of the press release. Adex does not undertake or assume any obligation to
release publicly any revisions to these forward ‐looking statements to reflect events or
circumstances after the date hereof or to reflect the occurrence of unanticipated events, except
as required by law.