Cosa Resources Announces Appointment of Veteran Uranium Geologist Ted Trueman to Its Board of Directors
Cosa Resources Announces Appointment of Veteran
Uranium Geologist Ted Trueman to Its Board of Directors
Vancouver, British Columbia, December 1, 2022 – Cosa Resources Corp. (CSE: COSA) (“Cosa” or the “Company”) is
pleased to announce it has appointed Ted Trueman to its Board of Directors (the “Board”), effective immediately.
Mr. Trueman is a professional engineer with over 50 years of diverse experience in the mining sector that include s
exploration, development, and production throughout Canada and in numerous other countries around the world.
Over the course of his career, Mr. Trueman has led several exploration teams that resulted in the discoveries of
uranium, gold, and silver deposits. Mr. Trueman holds a B.Sc. in Geology (Honours) from the University of British
Columbia as well as a M.Sc. in Economic Geology from Queen’s University.
Keith Bodnarchuk, President & CEO, commented: “On behalf of the Board at Cosa, I’m thrilled to announce the
appointment of Ted Trueman to the Board of Directors. Ted’s geological resume is unparalleled and includes many
years of exploration for uranium deposits in Saskatchewan’s Athabasca Basin. His accomplishments include the
founding, listing, and ultimate sale of Pitchstone Exploration Ltd., a global public uranium exploration company. His
guidance and input on uranium exploration strategy and exploration company management will be invaluable to
Cosa going forward.”
Ted Trueman commented: “I’m excited to join the award -winning team at Cosa Resources , and I share their
enthusiasm for uranium exploration in the Athabasca Basin. Cosa has assembled a group skilled in uranium geology
and capital markets. This will maximize our chances of exploration success in the currently strong uranium price
environment.”
In connection with the appointment of Mr. Trueman to the Company’s Board, he has been granted 150,000 stock
options (the “ Options”) to purchase common shares in the capital of the Company. The Options will vest over a
period of two years, have an exercise price of $0.17, and are valid for a 5-year term from the grant date. The Options
were granted pursuant to the Company’s incentive stock option plan.
About Cosa Resources
Cosa Resources is a Canadian mineral exploration company based in Vancouver, BC and is currently focused on the
exploration of its uranium and copper projects in northern Saskatchewan. The portfolio includes four uranium
exploration properties; Ursa, Orion, Castor and Charcoal totaling 46,700 ha in the eastern Athabasca Basin. It also
includes the Heron Project: three mineral claims approximately 180 km north of La Ronge, Saskatchewan that are
prospective for sedimentary-hosted copper mineralization.
The t eam behind Cosa Resources has a track record of success in Saskatchewan, with a combined 45 years of
experience in exploration, discovery, and development in the province.
Contact
Keith Bodnarchuk, President and CEO
+1 888-899-2672 (COSA)
Cautionary Statements
Neither the Canadian Securities Exchange nor the Market Regulator (as that term is defined in the policies of the
Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release includes certain “Forward -Looking Statements” within the meaning of applicable securities laws.
When used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target”, “plan”, “forecast”,
“may”, “would”, “could”, “schedule” and similar words or expressions, identify forward- looking statements or
information. These forward looking statements or information relate to, among other things: the exploration,
development, and production at the Company’s mineral projects.
Forward-looking statements and forward- looking information relating to any future mineral production, liquidity,
enhanced value and capital markets profile of the Company, future growth potential for the Company and its
business, and future exploration plans are based on management’s reasonable assumptions, estimates, expectations,
analyses and opinions, which are based on management’s experience and perception of trends, current conditions
and expected developments, and other factors that management believes are relevant and reasonable in the
circumstances, but which may prove to be incorrect. Assumptions have been made regarding, among other things,
the price of metals; no escalation in the severity of the COVID- 19 pandemic; costs of exploration and development;
the estimated costs of development of exploration projects; the Company’s ability to operate in a safe and effective
manner.
These statements reflect the Company’s respective current views with respect to future events and are necessarily
based upon a number of other assumptions and estimates that, while considered reasonable by management, are
inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies.
Many factors, both known and unknown, could cause actual results, performance, or achievements to be materially
different from the results, performance or achievements that are or may be expressed or implied by such forward-
looking statements or forward -looking information and the Company has made assumptions and estimates based
on or related to many of these factors. Such fac tors include, without limitation: the Company's dependence on one
mineral project; precious metals price volatility; risks associated with the conduct of the Company's mining activities;
regulatory, consent or permitting delays; risks relating to reliance on the Company's management team and outside
contractors; the Company's inability to obtain insurance to cover all risks, on a commercially reasonable basis or at
all; currency fluctuations; risks regarding the failure to generate sufficient cash flow from operations; risks relating
to project financing and equity issuances; risks and unknowns inherent in all mining projects; contests over title to
properties, particularly title to undeveloped properties; laws and regulations governing the environment, health and
safety; the ability of the communities in which the Company operates to manage and cope with the implications of
COVID-19; the economic and financial implications of COVID-19 to the Company; operating or technical difficulties in
connection with mining or development activities; employee relations, labour unrest or unavailability; the Company's
interactions with surrounding communities; the speculative nature of exploration and development; stock market
volatility; conflicts of interest among certain directors and officers; lack of liquidity for shareholders of the Company;
litigation risk; and the factors identified in the Company’s public disclosure documents. Readers are cautioned against
attributing undue certainty to forward- looking statements or forward-looking information. Although the Company
has attempted to identify important factors that could cause actual results to differ materially, there may be other
factors that cause results not to be anticipated, estimated or intended. The Company does not intend, and does not
assume any obligation, to update these forward- looking statements or forward- looking information to reflect
changes in assumptions or changes in circumstances or any other events affecting such statements or information,
other than as required by applicable law.