/CNW/ - Silver Mountain Resources Inc. (" Silver Mountain " or the " Company ") is pleased to welcome Mrs. Victoria Vargas and Mr. Bryan Coates to the Silver Mountain board of directors (the " Board ") as Independent Non-Executive Directors. In addition, the
SILVER MOUNTAIN WELCOMES TWO NEW
BOARD MEMBERS AND APPOINTS
DIRECTOR OF EXPLORATION
/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN OR INTO
THE UNITED STATES
/
TORONTO
,
Feb. 10, 2022
/CNW/ - Silver Mountain Resources Inc. ("
Silver Mountain
" or the
"
Company
") is pleased to welcome Mrs.
Victoria Vargas
and Mr.
Bryan Coates
to the Silver
Mountain board of directors (the "
Board
") as Independent Non-Executive Directors. In addition, the
Company has appointed Mr.
Torsten Danne
to the role of Director of Exploration.
Mr.
Jose Vizquerra Benavides
, Chairman
of Silver Mountain Board, commented, "On behalf of the
Board, I am pleased to welcome Victoria, Bryan, and Torsten to Silver Mountain. Their combined
knowledge, perspectives, and experiences will be invaluable to the Company, which comes at an
exciting phase of Silver Mountain's evolution.
Alfredo Bazo
, President & CEO, commented, "We begin our first year as a
publicly-traded company on the TSX Venture Exchange by strengthening
our Board and management team with accomplished and well-respected
individuals from the mining sector. We have an exciting year ahead as we
work to deliver key exploration and development milestones from our high-
potential targets at the Castrovirreyna project in Huancavelica,
Peru
. I
would like to warmly welcome Bryan, Victoria, and Torsten to the Silver
Mountain family."
About Mr.
Bryan Coates
Bryan Coates has over 30 years of progressive experience within the international and Canadian
mining industry. Mr. Coates was President of Osisko Gold Royalties (Osisko) from its formation in
June 2014
to the end of 2019. Mr. Coates also acted as Vice President of Finance and Chief
Financial Officer of Osisko from
May 2007
to
June 2014
and was part of the team that developed
the Canadian Malartic Mine. Mr. Coates was also Chief Financial Officer at Antamina in
Peru
from
1998 to 2001. Mr. Coates is a Chartered Professional Accountant (CPA) and is a graduate of the
ICD — Rotman Directors Education Program. He has served on the Board of several publicly traded
mining companies and is currently a board member at Amex Exploration Inc.
About Mrs.
Victoria Vargas
Mrs. Vargas is the founder of Strat-Advice and currently acts as the Chief Financial Officer of VMS
Mining, a private company. Mrs. Vargas is a seasoned investor relations professional with a deep
knowledge of the capital markets and mining industry, including the full ESG spectrum and
government relations. Mrs. Vargas started her career in corporate development at Kinross Gold
Corporation and later joined Alamos Gold Inc. in the investor relations function. Mrs. Vargas is
currently Vice-President Investor Relations of
Minera Alamos
and a Strategic Investor Relations
Advisor for Wallbridge Mining. During her career, she worked in the clean technology industry and
EV sector. Mrs. Vargas earned an honors B.Sc. in Economics and an MBA in Finance.
SILVER MOUNTAIN
RESOURCES
WELCOMES TWO
NEW BOARD
MEMBERS AND
APPOINTS
DIRECTOR OF
EXPLORATION
About Mr.
Torsten Danne
Mr. Danne is a geologist with over 25 years of experience in the mining industry with expertise in the
technical, management, and business development aspects of base and precious metal exploration.
Prior to joining Silver Mountain, Mr. Danne worked four years as an independent consulting
geologist, mainly for junior mining companies exploring in
Peru
and
Argentina
. As an independent
consultant, Mr. Danne was Exploration Manager,
Argentina
, for Southern Copper Corp. and
Exploration Manager,
Peru
, for Votorantim Metais (now Nexa Resources). Previous roles include
positions in international exploration for Rio Tinto, Hecla Mining Company, Western Mining (now part
of BHP), and Barrick Gold Corp. Mr. Danne received an M.Sc. in Geology from the Technical
University of Clausthal,
Germany
, and an M.Sc. in Mineral Exploration from the Royal School of
Mines, Imperial College,
London
.
About Silver Mountain
Silver Mountain Resources Inc. is a silver explorer and mine developer planning to re-commence
production at the Reliquias underground mine and undertaking exploration activities at its prospective
silver camps at the Castrovirreyna Project Huancavelica, Peru.Silver Mountain's subsidiary Sociedad
Minera Reliquias S.A.C. owns 100% of its concessions and holds more than 27,000 Ha. in the
district of Castrovirreyna, in Huancavelica,
Peru
.
Forward-Looking Statements
This news release contains forward-looking statements and forward-looking information within the
meaning of Canadian securities legislation (collectively, "
forward-looking statements
") that relate
to Silver Mountain's current expectations and views of future events. Any statements that express, or
involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or
performance (often, but not always, through the use of words or phrases such as "will likely result",
"are expected to", "expects", "will continue", "is anticipated", "anticipates", "believes", "estimated",
"intends", "plans", "forecast", "projection", "strategy", "objective" and "outlook") are not historical
facts and may be forward-looking statements and may involve estimates, assumptions and
uncertainties which could cause actual results or outcomes to differ materially from those expressed
in such forward-looking statements. No assurance can be given that these expectations will prove to
be correct, and such forward-looking statements included in this news release should not be unduly
relied upon. These statements speak only as of the date of this news release.
Forward-looking statements are based on a number of assumptions and are subject to a number of
risks and uncertainties, many of which are beyond Silver Mountain's control, which could cause
actual results and events to differ materially from those that are disclosed in or implied by such
forward-looking statements. Such risks and uncertainties include, but are not limited to, the factors
set forth under "
Forward-Looking Statements"
and "
Risk Factors
" in the Company's final prospectus
dated
January 26, 2022
. Silver Mountain undertakes no obligation to update or revise any forward-
looking statements, whether as a result of new information, future events or otherwise, except as
may be required by law. New factors emerge from time to time, and Silver Mountain can't predict all
of them or assess the impact of each such factor or the extent to which any factor, or combination of
factors, may cause results to differ materially from those contained in any forward-looking
statement. Any forward-looking statements contained in this news release are expressly qualified in
their entirety by this cautionary statement.
SOURCE
Silver Mountain Resources Inc.
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For further information:
Alfredo Bazo, President, CEO & Director, [email protected]; Silver
Mountain Resources Inc., 82 Richmond Street East, Toronto, ON M5C 1P1, [email protected],
(647) 262-4017; Jean Pierre Fort, Chief Financial Officer, [email protected]
CO: Silver Mountain Resources Inc.
CNW 07:00e 10-FEB-22