Whitehorse Gold Announces Board and Management Changes
Whitehorse Gold Announces Board and Management Changes
WHG-NR-22-02 March 2, 2022
Vancouver, British Columbia: Whitehorse Gold Corp. (“Whitehorse Gold” or the “Company”)
(TSXV: WHG) announces that Alex Zhang has been appointed as a director of the Company . Dr. Mark
Cruise has resigned as Chairman and from the Board and Nikki Graham has resigned as General Counsel
and Corporate Secretary . The Company thanks Dr. Cruise and Ms. Graham for their service and wishes
both well in future endeavors.
Lorne Waldman has been appointed as Chair of the Board and Jean Zhang, the Company’s CFO, has been
appointed as Corporate Secretary of the Company.
Alex Zhang is a Professional Geoscientist registered with Engineers and Geoscientists BC (EGBC) with
more than 30 years of experience in mineral exploration and has worked with Eldorado Gold Corporation,
Afcan Mining Corp., Sino Gold Mining Ltd., Silvercorp Metals Inc. and most recently New Pacific Metals
Corp. He supervised exploration activities of multiple major gold projects and silver -lead-zinc polymetallic
projects in China, Canada and Bolivia at various stages from exploration through development to production
with roles as senior exploration geologist, senior resource geologist, exploration manager, chief geologist
and vice president of exploration. Mr. Zhang brings a full range of technical and managerial skills related to
mineral exploration and mining projects. Mr. Zhang received his Master’s Degree of Engineering in mineral
exploration from China University of Mining and Technology, and received his Master ’s Degree of Science
in mineral exploration from Queen’s University in Ontario, Canada.
Grant of stock options
The Company has granted , subject to regulatory approval, an aggregate of 1,475,000 stock options to
directors, officers, employees and consultants of the Company, pursuant to the terms of the Company's
stock option plan. The options are exercisable for a period of 5 years from the date of grant at price of $0.50
per share, being the closing price of the common shares on the TSX Venture Exchange (“TSX -V”) on
February 24, 2022. The options vest in six equal tranches over a period of three years. The options are
subject to the provisions of the plan and the policies of the TSXV.
The Company also announces the cancellation of an aggregate of 1,673,333 stock options. The cancelled
stock options are comprised of 1,233,333 stock options previously granted on November 1 8, 2020 at an
exercise price of $0.315 and 544,167 stock options previously granted on May 6, 2021 at an exercise price
of $1.38.
ABOUT WHITEHORSE GOLD CORP.
Whitehorse Gold is a responsible mineral exploration and development company focused on its
170-square-km Project located in southern Yukon, approximately 55 km south- southwest of Whitehorse.
The Project hosts the advanced-stage Skukum Creek and Goddell deposits, and the formerly producing Mt.
Skukum high-grade gold mine, all of which remain open for expansion, plus additional untested mineralized
occurrences. Project infrastructure includes an all -weather access road, a 50-person camp, approximately
6 kms of underground development, and a previously operating 300- tpd mill and associated support
facilities. Underground operations by a previous operator at Mt. Skukum from 1986 to 1988 saw 233,400
tons of ore mined and processed to recover approximately 79,750 ounces of gold (Total Energold
Corporation, 1989). The Company is also reviewing other mining assets in jurisdictions that provide year
round access.
Whitehorse Gold Corp.
1750 - 1066 West Hastings Street
Vancouver, BC, Canada V6E 3X1
Telephone: (604) 336-5919
www.whitehorsegold.ca
Whitehorse Gold Corp. 2 March 2, 2022
NR-22-02 – Continued
On Behalf of Whitehorse Gold Corp.
signed “Gordon Neal”
Gordon Neal, CEO & Director
For further information please contact:
Investor Relations, Whitehorse Gold Corp.
Phone: 604-336-5919
Email: [email protected]
www.whitehorsegold.ca
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.
Forward-Looking Statements
Information set forth in this news release contains forward- looking statements that are based on
assumptions as of the date of this news release. These statements reflect management's current estimates,
beliefs, intentions and expectations. They are not guarantees of future performance. The Company cautions
that all forward looking statements are inhere ntly uncertain, and that actual performance may be affected
by a number of material factors, many of which are beyond the Company's control. Accordingly, actual and
future events, conditions and results may differ materially from the estimates, beliefs, intentions and
expectations expressed or implied in the forward- looking information. Except as required under applicable
securities legislation, the Company undertakes no obligation to publicly update or revise forward- looking
information.