District Announces Change to Board of Directors
918-1030 West Georgia Street, Vancouver, BC, V6E 2Y3
Telephone: 604-628-2669
District Announces Change to Board of Directors
Vancouver, B.C. March 11, 2020
March 11 , 2020 – District Metals Corp . (TSX -V: DMX; " District" or the “Company”)
announces that Mr. Doug Ramshaw has been appointed to its Board of Directors, replacing Mr.
Rob Chang, who will continue as a strategic advisor, in each case, effective today.
Mr. Chang has been with District since 2018, and his corporate expertise has been invaluable to
the establishment and organization of the Company. District greatly appreciates Mr. Chang’s
contributions to District, and is fortunate to have retained him as a strategic advisor.
Garrett Ainsworth, CEO of District, commented: “I would like to thank Rob for his time and
advice during District’s intensive search for an advanced exploration stage project, which has
resulted in execution of a definitive agreement for the acquisition of a 100% interest in the
polymetallic Tomtebo Property in south-central Sweden. His assistance has been invaluable from
a corporate and capital markets perspective, and I am very pleased that Rob has agreed to remain
as a strategic advisor to the Company.”
Mr. Ramshaw has spent more than two decades as a senior executive in the resource sector.
Following obtaining his Bachelor of Science degree in Mining Geology from the Royal School
of Mines, Mr. Ramshaw began his career in the U.K. including time spent as a mining analyst for
an independent brokerage firm in London prior to moving to Canada. More recently he served as
President and CEO of Corex Gold Corp., and presided over its merger with Minera Alamos Inc.
where he continues to serve as President. Mr. Ra mshaw also acts as an independent director of
Great Bear Resources.
Garrett Ainsworth also commented: “With the acquisition of the Tomtebo Property , upon and
subject to acceptance of the TSX Venture Exchange , in a new jurisdiction we are growing the
team, and I know that Doug’s expertise and experience in the mining sector will be an asset for
District. Doug is well-known and respected in the market, and he will be an asset for the Company
in achieving our long-term strategic goals.”
On Behalf of the Board of Directors
“Garrett Ainsworth”
President and Chief Executive Officer
604-628-2669
918-1030 West Georgia Street, Vancouver, BC, V6E 2Y3
Telephone: 604-628-2669
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies
of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Statement Regarding “Forward-Looking” Information.
This news release contains certain statements that may be considered “forward-looking statements” with respect to
District Metals Corp. (“District” or the “Company”) within the meaning of applicable securities laws. In some
cases, but not necessarily in all cases, forward -looking information can be identified by the use of forward -looking
terminology such as “plans”, “targets”, “expects” or “does not expect”, “is expected”, “an opportunity exists”,
“is positioned”, “estimates”, “intends”, “assumes”, “anticipates” or “does n ot anticipate” or “believes”, or
variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”,
“might”, “will” or “will be taken”, “occur” or “be achieved”. In addition, any statements that refer to expectations,
predictions, indications, projections or other characterizations of future events or circumstances contain forward -
looking information. Statements containing forward -looking information are not historical facts but instead
represent management’s expectations, estimates and projections regarding future events.
Forward-looking statements relating to District include, among other things, statements relating to: timing of the
closing of the proposed acquisition of the Tomtebo Property including receipt of all regulatory approvals and
satisfaction of all other conditions precedent; completion of the expenditure requirements thereunder, future
commodity prices; District’s planned exploration activities including costs, timing and results thereof; the adequacy
of the Company’s financial resources and ability to raise additional funds as and when required and on reasonable
terms; and timing, receipt and maintenance of all required approvals, consents and permits under applicable
legislation.
These statements and other forward-looking information are based on opinions, assumptions and estimates made by
District in light of its experience and perception of historical trends, current conditions and expected future
developments, as well as other factors that the Company believes are appropriate and reasonable in the
circumstances, as of the date of this news release, including, without limitation, assumptions about the receipt of all
regulatory approvals to the completion of the proposed acquisition of the Tomtebo Property; satisfaction of all
conditions precedent to completion of the acquisition of the Tomtebo Property; the Company’s ability to raise
sufficient capital to fund planned exploration activities, maintain corporate capacity and satisfy the exploration
expenditure requirements required by the definitive purchase agreement by the times specified therein (failing which
the Tomtebo Property will be forfeited without any repayment to the Company); and stability in financial and capital
markets.
Forward-looking information is necessarily based on a number of opinions, assumptions and estimates that, while
considered reasonable by District as of the date such statements are made, are subject to known and unknown risks,
uncertainties, assumptions and other factors that may cause the actual results, level of activity, performance or
achievements to be materially different from those expressed or implied by such forward -looking information,
including but not limited to the following factors: a number of condit ions precedent must be satisfied for the
acquisition of the Tomtebo Property to be completed (including regulatory approval); the risk that the Company will
be unable to raise sufficient capital to maintain its mineral tenures and concessions in good standing, finance planned
exploration (including incurring prescribed exploration expenditures required by the definitive purchase agreement)
and for general corporate purposes, the risk that the Company will not be able to explore and develop the Tomtebo
Property; the risk that if the required exploration expenditures are not incurred by the time specified therefor e the
Tomtebo Property will be forfeited without any repayment of the purchase price; management and conflicts of
interest; fluctuations in demand for, and prices of gold, silver and copper; inherent risks of exploration for mineral
deposits, including that commercial quantities or grades of minerals may not be discovered; risks associated with
the uncertainty of estimates of mineral resou rces governmental regulations, particularly those applicable to the
mineral exploration and development industry; environmental laws and regulations and associated risks, including
climate change legislation; land reclamation requirements; the ability to o btain and maintain necessary rights,
concessions and permits; risks of operating in a foreign jurisdiction and through foreign subsidiaries; a dependence
on ability to attract and retain qualified management; limitations of insurance and uninsured risks; p ublic social
activism against companies undertaking natural resource development; risks associated with First Nations relations;
competition; legal proceedings and the enforceability of judgments; anti-corruption and bribery regulations;; market
events and general economic conditions globally; and currency exchange rate risks. These factors and assumptions
918-1030 West Georgia Street, Vancouver, BC, V6E 2Y3
Telephone: 604-628-2669
are not intended to represent a complete list of the factors and assumptions that could affect District. These factors
and assumptions, however, should be considered carefully.
Although the Company has attempted to identify factors that would cause actual actions, events or results to differ
materially from those disclosed in the forward -looking statements or information, there may be other factors that
cause actions, events or results not to be as anticipated, estimated or intended. Also, many of such factors are beyond
the control of the Company. Accordingly, readers should not place undue reliance on forward-looking statements or
information. The forward-looking information is made as of the date of this news release, and the Company assumes
no obligation to publicly update or revise such forward-looking information.