Tincorp Announces Appointment of Drew Hoyle to Board of Directors and Grant of Stock Options
Tincorp Announces Appointment of Drew Hoyle to Board of Directors and Grant
of Stock Options
Vancouver, British Columbia – May 28, 2026 – Tincorp Metals Inc. (“Tincorp” or the
“Company”) (TSXV: “TIN”) is pleased to announce the appointment of Drew Hoyle as an
independent director to the Company's Board of Directors, effective today.
Mr. Hoyle is an experienced investment professional with 37 years of experience in public
markets, including 18 years as a discretionary portfolio manager at CIBC Wood Gundy in
Vancouver, where he managed approximately $400 million in assets for individual and
institutional clients. He holds a Bachelor of Business Administration in Finance and Economics
from Simon Fraser University.
"We are pleased to welcome Drew to the Board," said Victor Feng, Chief Executive Officer of
Tincorp. "His investment experience and governance perspective will be a valuable addition as
the Company advances the Santa Barbara Gold-Copper Project.”
Grant of Stock Options
The Company also announces that it has granted an aggregate of 1,695,000 incentive stock
options to directors, officers, employees, and consultants of the Company. The options are
exercisable at C$1.15 per share, being the closing price of the Company's common shares on
the TSX Venture Exchange on May 28, 2026, for a period of 5 years from the date of grant and
are subject to the terms of the Company's Omnibus plan and the policies of the TSX Venture
Exchange.
About Tincorp
Tincorp Metals Inc. is a mineral exploration company which holds a 100% interest in the Santa
Barbara Gold -Copper Project in the Zamora Copper -Gold Belt of southeastern Ecuador. The
Santa Barbara Project is a large -scale porphyry system which hosts an NI 43 -101 mineral
resource estimate (SRK Consulting, effective March 23, 2026) comprising Indicated resources of
29.8 million tonnes grading 0.73 grams per tonne gold and 0.10% copper containing 697,000
ounces gold and 68 million pounds copper, and Inferred resources of 205.7 million tonnes grading
0.52 grams per tonne gold and 0.09% copper containing 3,418,000 ounces gold and 426 million
pounds copper.
On Behalf of Tincorp Metals Inc.
signed “Victor Feng”
Victor Feng, CEO and Director
Tincorp Metals Inc.
1750 - 1066 West Hastings Street
Vancouver, BC, Canada V6E 3X1
Telephone: (604) 336-5919
www.tincorp.ca
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For further information, please contact:
Victor Feng
CEO and Director
Phone: +1 (604)-336-5919
Email: [email protected]
www.tincorp.com
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 news release.
Cautionary Note Regarding Forward-Looking Statements
This news release contains forward -looking statements and forward -looking information
(collective, “forward looking statements”) within the meaning of applicable Canadian and U.S.
securities legislation. All statements, other than statements of historical fact included in this
release, including, without limitation, statements regarding future exploration and development
activities; statements regarding the Phase 1 drilling program and that it is designed to lay the
foundation for a future mineral resource upgrade; and statements regarding the Phase 2 drilling
program; and the timing of reporting assay results.
Forward-looking statements are often, but not always, identified by words or phrases such as
“expects”, “is expected”, “anticipates”, “believes”, “plans”, “projects”, “estimates”, “assumes”,
“intends”, “strategies”, “targets”, “goals”, “forecasts”, “object ives”, “budgets”, “schedules”,
“potential” or variations thereof or stating that certain actions, events or results “may”, “could”,
“would”, “might” or “will” be taken, occur or be achieved, or the negative of any of these terms and
similar expressions. Forward-looking statements are based on the opinions, assumptions, factors
and estimates of management considered reasonable at the date the statements are made. The
opinions, assumptions, factors and estimates which may prove to be incorrect, include, but a re
not limited to: that the Company will be able to obtain and maintain governmental approvals,
permits and licenses in connection with its current and planned operations, development and
exploration activities, including at the Project; and other explorat ion, development, operating,
financial market and regulatory factors.
Forward-looking statements involve known and unknown risks, uncertainties and other factors
which may cause the actual results, performance or achievements of the Company to differ
materially from any future results, performance or achievements expressed o r implied by the
forward-looking information. Forward -looking information is provided herein for the purpose of
giving information about the Proposed Acquisition referred and its expected impact. Readers are
cautioned that such information may not be appro priate for other purposes. Although the
Company has attempted to identify important factors that could cause actual actions, events or
results to differ from those described in forward -looking statements, there may be other factors
that cause such actions, events or results to differ materially from those anticipated. There can
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be no assurance that forward -looking statements will prove to be accurate and accordingly
readers are cautioned not to place undue reliance on forward-looking statements.
Readers are cautioned not to place undue reliance on forward-looking statements. The Company
undertakes no obligation to update any of the forward-looking statements in this news release or
incorporated by reference herein, except as otherwise required by law.
Additional information in relation to the Company, including the Company’s most recent
management discussion & analysis, can be obtained under the Company’s profile on SEDAR+
at www.sedarplus.ca and on the Company’s website at www.tincorp.com.
Cautionary Notes Regarding Mineral Resources Estimates
In accordance with applicable Canadian securities regulatory requirements, all mineral reserve
and mineral resource estimates of the Company disclosed in this news release have been
prepared as at March 23, 2026 in accordance with NI 43 -101, classified in accordance with
Canadian Institute of Mining Metallurgy and Petroleum's "CIM Standards on Mineral Resources
and Reserves Definitions and Guidelines" (the "CIM Guidelines").
Pursuant to the CIM Guidelines, mineral resources have a higher degree of uncertainty than
mineral Reserves as to their existence as well as their economic and legal feasibility. Inferred
mineral resources, when compared with measured or indicated mineral resources, have the least
certainty as to their existence, and it cannot be assumed that all or any part of an inferred mineral
resource will be upgraded to an indicated or measured mineral resource as a result of continued
exploration. Pursuant to NI 43 -101, inferred mineral resources may not form the basis of any
economic analysis, including any feasibility study. Accordingly, readers are cautioned not to
assume that all or any part of a mineral resource exists, will ever be converted into a mineral
reserve, or is or will ever be economically or legally mineable or recovered.
The forward-looking statements made in this information are intended to provide an overview of
management's expectations with respect to certain future operating activities of the Company and
may not be appropriate for other purposes.