ATEX Announces Management Change
ATEX Resources Inc.
25 Adelaide St East, Suite 1900
Toronto, Ontario M5C 3A1
TSXV: ATX
ATEX Announces Management Change
TORONTO, ONTARIO, December 22, 2022 – ATEX Resources Inc. (TSXV: ATX) (“ATEX”) is pleased to announce
the appointment of Sheila Magallon as CFO , succeeding Thomas Pladsen who will be retiring December 31,
2022.
“I am delighted to welcome Sheila to the team, her experience will prove invaluable as we continue to explore
and grow our Valeriano Project,” said Raymond Jannas, President and CEO of ATEX . “I would also like to thank
Thomas for his magnificent contribution and commitment to ATEX since its inception.”
Ms. Magallon is a Chartered Professional Accountant with more than 15 years’ experience in the mining sector.
She has a strong background in financial reporting, internal controls, strategic planning, treasury management
and change management. She joined GCM Mining in 2019 as Vice President, Finance where she worked through
to its combination with Aris Mining. Ms. Magallon has previously served as Interim CFO, Director of Finance and
Corporate Controller for publicly listed mining companies including Detour Gold, Torex Gold Resources, Primero
Mining and Largo Resources. Throughout her career she has helped Canadian companies to optimize operations
in Mexico, Colombia, Brazil and Spain. Ms. Magallon obtained her CPA designation while working at KPMG LLP
and holds a bachelor’s degree in Public Accounting from Universidad Nacional Autonoma de Mexico.
Investor Relations
ATEX is also pleased to announce it has extended its agreement with Adelaide Capital Markets Inc. (“Adelaide”)
of Toronto, Ontario, by 6 months. Adelaide will continue to provide investor relations services to ATEX and under
the terms of the agreement, Adelaide will receive $10,000 per month ending June 30, 2023. Adelaide will provide
services including directing investor relations strategy, updating, and creating corporate content, assisting with
public reporting and filing s, hosting virtual webinars and shareholder engagement. Adelaide is independent of
ATEX and is a full-service investor relations firm specializing in providing services to small and mid-cap companies
throughout North America.
About Valeriano
The Valeriano Project is located within the emerging copper gold porphyry mineral belt linking the prolific El
Indio High-Sulphidation Belt to the south with the Maricunga Gold Porphyry Belt to the north. This emerging
belt is referred informally as the Link Belt. The Link Belt hosts a number of copper gold porphyry deposits at
various stages of development including, Filo del Sol (Filo Mining), Josemaria (Lundin Mining), Los Helados
(NGEX Minerals/JX Nippon), La Fortuna (Teck Resources/Newmont) and El Encierro (Antofagasta/Barrick Gold).
The Valeriano Project hosts a large copper gold porphyry deposit, overlain by a near surface oxidized
epithermal gold deposit. In 2022, ATEX completed the company's first test of the porphyry system that is now
being followed up with directional drilling to extend the high-grade trend, test new targets and expand the
mineralized envelope.
Based on an option agreement from August 2019, and amended in January 2020, ATEX can earn a 100%
interest in Valeriano by September 1, 2025.
ATEX Resources Inc.
25 Adelaide St East, Suite 1900
Toronto, Ontario M5C 3A1
TSXV: ATX
For further information, please contact:
Raymond Jannas,
President and CEO
Email: [email protected]
or visit ATEX’s website at www.atexresources.com
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS:
This news release contains forward -looking statements, including predictions, projections and forecasts.
Forward-looking statements include, but are not limited to: plans for the evaluation of exploration properties
including the Valeriano Copper Gold Project; the success of evaluation plans; the success of exploration activities;
mine development prospects; and, potential for future metals production. Often, but not always, forward-looking
statements can be identified by the use of words such as "plans", "planning", "expects" or "does not expect",
"continues", "scheduled", "estimates", "forecasts", "intends", "potential", "anticipates", "does not anticipate",
or describes a "goal", or variation of such words and phrases or state that certain actions, events or results "may",
"could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements involve known
and unknown risks, future events, conditions, uncertainties and other factors which may cause the actual results,
performance or achievements to be materially different from any future results, prediction, projection, forecast,
performance or achievements expressed or implied by the forward -looking statements.
Such forward-looking statements include, among others: changes in economic parameters and assumptions; all
aspects related to the timing and extent of exploration activities including the Phase III drill program
contemplated in this press release; timing of receipt of exploration results; the interpretation and actual results
of current exploration activities; changes in project parameters as plans continue to be refined; the results of
regulatory and permitting processes; future metals price; possible variations in grade or recovery rates; failure
of equipment or processes to operate as anticipated; labour disputes and other risks of the mining industry; the
results of economic and technical studies; delays in obtaining governmental and local approvals or financing or
in the completion of exploration; as well as those factors disclosed in ATEX’s publicly filed documents.
Although ATEX has attempted to identify important factors that could cause actual actions, events or results to
differ materially from those described in forward -looking statements, there may be other factors that cause
actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that
forward-looking statements will prove to be accurate, as actual results and future events could differ materially
from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward -
looking statements.
Neither the TSX Venture Exchange nor its regulation services provider has reviewed or accepts
responsibility for the adequacy or accuracy of the content of this news release.