Equitas Resources Corp. Appoints New Directors and Changes Name to Altamira Gold Corp.
1500 – 409 Granville Street ‐ Vancouver, B.C. V6C 1T2 TSX‐V: EQT
T: +1 (604) 440‐8474 FSE: T6UN
Equitas Resources Corp. Appoints New Directors and
Changes Name to Altamira Gold Corp.
April 10, 2017 - Equitas Resources Corp . (TSXV: EQT) (FSE: T6UN) (USA:
EQTRF) (“Equitas” or the “ Company”) is pleased to announce that, subject to the
approval of the TSX Venture Exchange, Mr. Io annis (Yannis) Tsitos, and Mr. Ian Talbot
were appointed to the Board of Director s, and that the Company has accepted the
resignations of Mr. David Hodge and Mr. Ever ett Makela as directors. The board would
like to thank Mr. Hodge and Mr . Makela for their significan t contributions to Equitas
over the years, and wish them well in their future endeavours.
Mr. Tsitos is currently the President and a Director of Goldsource Mines Inc. and has
over 26 years of experience in the mining industry, having spent 19 years with the global
resources company BHP Billiton. A physicist-geophysicist, since leaving BHP Billiton he
has been instrumental in the identifica tion, negotiation and execu tion of numerous
exploration agreements with juniors, majors, as well as with state exploration and mining
companies. Mr. Tsitos has also been part of two discovery teams during his tenure with
BHP Billiton in porphyry-copper and nickel-sulphide deposits.
Mr. Talbot is currently the President and CEO, and a Director of Arcus Development
Group Inc. and has over 25 years of experien ce in the mineral expl oration industry as
both a lawyer and an exploration geologist. As a geologist, he has worked with both
junior and major resource companies. As a la wyer, he has practiced exclusively in the
areas of mining and securities law in private practice and as in-house counsel with BHP
Billiton World Exploration Inc.
The Company is also pleased to announce th at effective at market opening on Tuesday,
April 18, 2017, the Company’s common shar es will commence trading under its new
name “Altamira Gold Corp .” (“Altamira”) and ticker sym bol “ALTA” on the TSX
Venture Exchange.
The Company has also entered into an agreem ent to modify the acquisition terms of the
Garland Nickel project, orig inally described in its news release dated September 24,
2014. The amendment clarifies th e terms of the final remain ing option payment in light
of the share consolidation announced Dece mber 31, 2016. The final option payment has
now been agreed to be 592,592 shares of th e Company. This amendment is subject to
1500 – 409 Granville Street ‐ Vancouver, B.C. V6C 1T2 TSX‐V: EQT
T: +1 (604) 440‐8474 FSE: T6UN
acceptance by the TSX Venture Exchange. Sh ould the Company exercise the option, a
portion comprising 148,148 shares will be is sued to Ridge Resources Ltd, a company
controlled by a director.
About Altamira Gold Corp.
The Company is focused on th e exploration and developmen t of gold deposits within
western central Brazil. The Company holds 12 projects comprising approximately
200,000 hectares, within the prolific Juruena go ld belt which historically produced an
estimated 7 to 10Moz of placer gold. The Co mpany’s advanced Cajueiro project has NI
43-101 compliant resources of 8.64Mt @ 0.77 g/t Au (for 214,000oz) in the Indicated
resource category and 9.53Mt @ 0.66 g/t Au (for 282,000oz) in the Inferred Resource
category and an additional 1.37Mt @ 1.78 g/t Au in oxides (for 78,400oz in saprolite) in
the Inferred resource category.
On Behalf of the Board of Directors,
EQUITAS RESOURCES CORP.
“Alan Carter”
Alan Carter
President & CEO
Tel: 604.676.5660
Neither TSX Venture Exchange nor it Regulation Services Provider (as that term is
defined in the policies of the TSX Ventur e Exchange) accepts responsibility for the
adequacy or accuracy of this release.
Forward-Looking Statements
Statements in this document which are not purel y historical are forward-looking statements,
including any statements regarding beliefs, plans, expectations or intentions regarding the future.
It is important to note that actual outcom es and the Company’s actual results could differ
materially from those in such forward-looking st atements. Except as required by law, we do not
undertake to update these forward looking statements.