Azarga Metals Grants Stock Options and Director Resignation
AZARGA METALS CORP.
UNIT 1 – 15782 MARINE DRIVE, WHITE ROCK, B.C. V4B 1E6, CANADA
www.azargametals.com
FOR IMMEDIATE RELEASE TSX-V: AZR
AZARGA METALS GRANTS STOCK OPTIONS AND DIRECTOR RESIGNATION
April 21, 2022 – Vancouver, B.C. - AZARGA METALS CORP. ("Azarga Metals" or the “ Company”)
(TSX-V:AZR) reports that t he board of directors of Azarga Metals granted a total of 4,500,000 incentive
stock options of the capital stock of the Company to directors and officers exercisable for up to a five year
period at an exercise price of $0.05, being the closing share price on April 20, 2022, pursuant to the Azarga
Metals shareholder approved stock option plan.
Vladimir Pakhomov has resigned from the Board of Directors with immediate effect. The Board wishes to
thank Mr. Pakhomov for his many valuable contributions to the Company during his t enure as a director
and wish him well in the future.
About Azarga Metals
The Company owns 100% of the high-grade copper -rich VMS Marg project within the Keno Hill Silver
District of the Yukon Territory. As previously announced, the Company is reviewing and re-interpreting the
historic VTEM database of the airborne geophysical program to be used to refine the drill targets for the
Company’s planned 2022 exploration program. Drilling is expected to focus on the Marg deposit extensions
and the highly prospective Jane Zone, which has the potential for another Marg-style deposit. Mineralization
at the Marg proj ect remains open along strike, down- dip and down plunge and drilling will be aimed at
defining 14 to 15 million tonnes of mineralized material.
Planning for t he 2022 exploration program has commenced. The program will begin with rebuilding the
exploration camp and mobilizing equipment in June, drilling from July to September and disseminating drill
results as available from September to November. An experienced geologist in VMS deposits and a full -
service contractor has been engaged to execute and oversee this plan.
AZARGA METALS CORP.
"Gordon Tainton"
Gordon Tainton,
President and CEO
For further information please contact: Doris Meyer, at +1 604 536- 2711 ext. 3 or visit
www.azargametals.com. The address of the head office of Azarga Metals is Unit 1 - 15782 Marine Drive,
White Rock, BC V4B 1E6, British Columbia, Canada.
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 release.
This news release contains forward looking statements with in the meaning of applicable securities laws.
The use of any of the words “ambition”, “estimate”, “concluded”, “offers”, “objective”, “may”, “will”, “should”,
“potential” and similar expressions are intended to identify forward looking statements. In parti cular, this
news release contains forward looking statements concerning the funding of the planned 2022 exploration
program for the Marg project and the results of the 2022 exploration program meeting expectations .
Although the Company believes that the ex pectations and assumptions on which the forward looking
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AZARGA METALS CORP.
UNIT 1 – 15782 MARINE DRIVE, WHITE ROCK, B.C. V4B 1E6, CANADA
www.azargametals.com
statements are based are reasonable, undue reliance should not be placed on the forward looking
statements because the Company cannot give any assurance that they will prove correct. Since forward
looking statements address future events and conditions, they involve inherent assumptions, risks and
uncertainties. Actual results could differ materially from those currently anticipated due to a number of
assumptions, factors and risks. These assumptions and risks include, but are not limited to, assumptions
and risks associated with funding of the planned 2022 exploration program for the Marg project and the
results of the 2022 exploration program meeting expectations . Management has provided the above
summary of risks and assumptions related to forward looking statements in this news release in order to
provide readers with a more comprehensive perspective on the Company’s future operations. The
Company’s actual results, performance or achievement could differ materially from those expressed in, or
implied by, these forward looking statements and, accordingly, no assurance can be given that any of the
events anticipated by the forward looking statements will transpire or occur, or if any of them do so, what
benefits the Company will derive from them. These forward looking statements are made as of the date of
this news release, and, other than as required by applicable securities laws, the Company disclaims any
intent or obligation to update publicly any forward looking statements, whether as a result of new
information, future events or results or otherwise.