Straightup Announces Appointment of Dr. Robert Valliant to Advisory Board
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STRAIGHTUP RESOURCES INC.
9285 203B Street
Langley, British Columbia V1M 2L9
Vancouver, British Columbia, (November 16, 2020)
"Straightup" or the "Company": CSE: ST
STRAIGHTUP ANNOUNCES APPOINTMENT OF DR. ROBERT VALLIANT
TO ADVISORY BOARD
The Company is pleased to announce that it has appointed Dr. Robert Valliant to its
advisory board (the "Advisory Board"). Dr. Valliant's appointment to the Advisory Board
is i n connection with the recent acquisition by Straightup of a digital database of
exploration data (the "Digital Database") from Tri Origin Exploration Ltd. ("Tri Origin") on
the RLX North and RLX South properties (the "RLX Properties"), as announced by
Straightup on November 10, 2020 . Pursuant to the Digital Database acquisition
agreement, Dr. Valliant agreed to assist and advise Straightup solely on the management
and assembly of the Digital Database and on work programs proposed for the RLX
Properties.
Dr. Valliant is currently the President and CEO of Tri Origin . He has a Ph.D. in Economic
Geology and more than 40 years' experience in mineral exploration and mining. During
his career he has been intimately involved with the discovery of gold deposits in Canada,
Australia and the United States , and participated in their development into profitable ,
operating mines. Dr. Valliant cofounded and listed Tri Origin on the T oronto Stock
Exchange (the "TSX") and founded and listed TriAusMin Ltd, Tri Origin' s former
subsidiary, on the ASX and TSX. Prior to Tri Origin, Dr. Valliant was Vice President
Exploration for LAC Minerals Ltd., one of Canada's top gold producers prior to its takeover
by Barrick Gold Corp.
"Dr. Valliant's extensive experience and previous background with the RLX Properties will
greatly assist with the rapid development of exploration programs to be carried out on the
RLX Properties," stated Matthew Coltura, the Company's Chief Executive Officer and
President. "We are pleased to welcome someone of his caliber to add to the strength of
our team, and we look forward to working with Dr. Valliant to increase the quality of our
exploration efforts."
Pursuant to the Company's stock option plan, it has also granted an aggregate of
100,000 incentive stock options to an Advisory Board member. The stock options will
vest immediately and each be exercisable to purchase one common share in the capital
of the Company on or before November 16, 2025, at a price of $0.20 per common share.
About Straightup Resources
Straightup is engaged in the business of mineral exploration and the acquisition of mineral
property assets in Canada. Its objective is to locate and develop economic precious and
base metal properties of merit. In addition to exploration of its Red Lake Division
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properties, Straightup intends to conduct exploration on the Hi -Mars Property. The Hi -
Mars Property consists of 11 contiguous mineral titles covering an area of 1,788 hectares
located approximately 17 kilometres northeast of the City of Powell Ri ver in southwest
British Columbia, Canada, within the Vancouver Mining Division.
On Behalf of the Board of Directors
Matthew Coltura
Chief Executive Officer, President and Director
For further information, please contact:
Matthew Coltura
Chief Executive Officer, President and Director
(778) 886-6200
Forward-Looking Statements:
This news release includes certain forward -looking statements and forward -looking information
(collectively, "forward-looking statements") within the meaning of applicable Canadian securities legislation.
All statements, other than statements of historica l fact, included herein including, without limitation, the
exercise of incentive stock options, the anticipated business plans and timing of future activities of the
Company, are forward -looking statements. Although the Company believes that such statemen ts are
reasonable, it can give no assurance that such expectations will prove to be correct. Often, but not always,
forward looking information can be identified by words such as "pro forma", "plans", "expects", "will", "may",
"should", "budget", "schedul ed", "estimates", "forecasts", "intends", "anticipates", "believes", "potential" or
variations of such words including negative variations thereof, and phrases that refer to certain actions,
events or results that may, could, would, might or will occur or be taken or achieved. 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 a chievements expressed or implied by the forward -looking statements. Such risks and
other factors include, among others, statements as to the anticipated business plans and timing of future
activities of the Company, including the Company's option to acqui re the Hi-Mars property, the proposed
expenditures for exploration work thereon, the ability of the Company to obtain sufficient financing to fund
its business activities and plans, delays in obtaining governmental and regulatory approvals (including of
the Canadian Securities Exchange), permits or financing, changes in laws, regulations and policies affecting
mining operations, the Company's limited operating history, currency fluctuations, title disputes or claims,
environmental issues and liabilities and other risks and uncertainties disclosed in the Company's latest
Management's Discussion and Analysis and filed with certain securities commissions in Canada, copies of
which can be found under the Company's profile on the SEDAR website at www.sedar.com.
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 presentation or
incorporated by reference herein, except as otherwise required by law.