Arctic Fox Minerals Corp. Announces Appointment of New CEO
22 Leader Lane, Suite 409
Toronto, Ontario
M5E 0B2
ARCTIC FOX MINERALS CORP. ANNOUNCES APPOINTMENT OF NEW CEO
Vancouver, British Columbia – January 13, 2023 – Arctic Fox Min erals Corp. (CSE: FOXY)
(the “Company” or “Arctic Fox”) is pleased to announce the appointment of Milos Masnikosa as it s new
interim chief executive officer, effective immediately. Mr. Masnikosa replaces, Robert Gietl, who has served
as CEO since September 2022.
The Company would like to thank Mr. Gietl for his service as CE O and wishes him well in his future
endeavors.
About the Company
Arctic Fox is a resource exploration company specialized in pre cious metals exploration in the Northwest
Territories. Arctic Fox is currently advancing the Uptown Gold Project 4 km outside of Yellowknife adjacent
to high grade past producing mines. The Property is a high grade Archean lode gold prospect adjoining the
Giant Mine in Yellowknife, Northwest Territories. The Property consists of 4 claims covering over 2,000
hectares and borders the west sid e of the Giant Mine leases. Th e Property centre is approximately 6km
north from downtown Yellowknife, and adjoins TerraX Minerals' Y ellowknife City Gold Property. The
Property is road accessible year-round via the Ingraham Trail ( Territorial Highway 4) which runs through
the eastern portion of the claims. Gold was discovered on the P roperty in 1960 and two targets were
explored intensively from 1963 to 1966.
Small-scale high-grade mining was conducted at the Rod Vein in 1979.
On Behalf of the Board of Directors
Milos Masnikosa
Interim CEO and Director of Arctic Fox Minerals Corp.
FORWARD LOOKING INFORMATION
Certain statements in this news rele ase are forward-looking statements, including with respect to future
plans, and other matters. Forward-looking statements cons ist of statements that are not purely historical,
including any statements regarding beli efs, plans, expectations or int entions regarding the future. Such
information can generally be identified by the use of fo rwarding-looking wording such as "may", "expect",
"estimate", "anticipate", "intend", "believe" and "continue" or the negative thereof or similar variations. The
reader is cautioned that assumptions used in the preparation of any forward-looking information may prove
to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted,
as a result of numerous known and unknown risks, uncertainties, and ot her factors, many of which are
beyond the control of the Co mpany, including but not limited to, business, economic and capital market
conditions, the ability to manage operating expenses, and dependence on key personnel. Such statements
and information are based on numerous assumptions regarding present and future business strategies and
the environment in which the Company will operate in the future, anticipated costs, and the ability to achieve
goals. Factors that could cause the actual results to differ materially from those in forward-looking
statements include, the continued availability of capital and financing, litigation, failure of counterparties to
perform their contractual obligations, loss of key employees and consultants, and general economic, market
or business conditions. Forward-looking statements contained in this news release are expressly qualified
by this cautionary statement. The reader is cautioned not to place undue reliance on any forward-looking
information.
The forward-looking statements contained in this news release are made as of the date of this news release.
Except as required by law, the Company disclaims any intention and assumes no obligation to update or
revise any forward-looking statements, whether as a result of new information, future events or otherwise.
The Canadian Securities Exchange has not reviewed this press release and does not accept
responsibility for the adequacy or accuracy of this news release.