Canoe Appoints New Independent Director to the Board and Grants Options
CANOE APPOINTS NEW INDEPENDENT DIRECTOR
TO THE BOARD AND GRANTS OPTIONS
Toronto, ON – May 22, 2020. Canoe Mining Ventures Corp (TSX-V: CLV) (“Canoe” or the
“Company”) is pleased to announce the appointment of Dr. Roger Laine as an independent
member of the board of directors (“Board” or “Board of Directors”) of the Company.
“We are pleased to welcome Roger to our Board of Directors. Roger globally known as a uranium
specialist also brings tremendous geological expertise to the Company in spec ific areas the
Company is pursuing,” said Duane Parnham, CEO and Director of Canoe. “We look forward to
leveraging his expertise as we continue working towards maximizing value for shareholders at a
time of renewed interest in the mining sector.”
Roger Laine, PhD., is a geological engineer with over 40 years of experience in advanced mineral
exploration, development, geo-statistics and reserve estimating, copper and copper-gold porphyry
deposits, underground and open-pit mines, grade, and quality control using advance computerized
information systems. He has held senior roles with several mining companies working in the
Americas, West and Central Africa and Europe. Dr. Laine has previously worked closely at the
Board level with the Company’s CEO Duane Parnha m on three other publicly traded issuers,
namely, Broadway Gold Mining Ltd., Giyani Gold Corp. and Forsys Metals Corp., where he also
served as Forsys’ Chief Geologist (2007 -2011). Previous roles include Chief Geologist of Zappa
Resources (1994 -1996), Pres ident of ORO Argentina Ltda. (1996 -2000), Vice President of
Exploration at Landmark Minerals Inc. (2006 -2007) and as Technical Advisor following that
company’s merger with Ucore Uranium Inc. (now Ucore Rare Metals Inc.). He also served a 7 -
year tenure as Vice President of Exploration for Amok Ltd. (a subsidiary of COGEMA, now part
of AREVA). Dr. Laine holds a PhD in economic geology and geosciences from the University of
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Arizona at Tucson and graduated as a geological engineer from the Nancy Polytechnical Institute
in France.
In connection to the above appointment, and subject to approval by the TSX Venture Exchange,
Canoe has granted 1,100,000 options exercisable at $0.20 per share to the Board and consultants,
in accordance with the Company’s stock option plan. The options have a five-year term and vest
immediately.
For further information please contact Duane Parnham, President, Chief Executive Officer, and
Director at [email protected].
ON BEHALF OF THE BOARD OF DIRECTORS OF CANOE MINING VENTURES
CORP.
Duane Parnham
President, Chief Executive Officer & Director
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 press release.