District Announces Changes to Board and Management
918-1030 West Georgia, Vancouver, BC, V6E 2Y3
Telephone: 604-628-5616
District Announces Changes to Board and Management
Vancouver, B.C., July 31, 2019
July 31, 2019 – District Metals Corp . (TSX -V: DMX; " District" or the “Company”) is
pleased to announce changes to its Board and management. Ms. Joanna Cameron and Ms. Anna
Ladd-Kruger have been appointed to the Board, replacing Mr. Hani Zabaneh and M rs. Emily
Davis. Mrs. Davis will continue as Corporate Secretary of the Company. Lastly, Mr. Galen
McNamara will move from Vice President Exploration & Development to Technical Advisor for
District Metals.
District Metals Corp. is also pleased to announce the launch of its new corporate website, at
www.districtmetals.com where its new corporate presentation is now available.
Garrett Ainsworth, CEO of District, commented: “ I am delighted to be working with such an
exceptional group that have all achieved a high level of success in the mining industry within
their respective disciplines. During our time at NexGen Energy Ltd., Joanna was an essential
member of the executive team that accomplished transformational milestones prior to joining
DuMoulin Black LLP in 2018. We are also fortunate to have Anna join the District team as her
past accomplishments in the mining industry speak volumes. I would like to thank Hani for his
assistance in the transition of MK2 Ventures Ltd. to District Metals Corp. I look forward to
continuing to work closely with Emily and Galen who have been integral in providing Dis trict
with the corporate and technical platform to succeed.”
Ms. Cameron is a lawyer with DuMoulin Black, and represents both issuers and investment
dealers in connection with public and private securities offerings, mergers and acquisitions and
other financing transactions. She has particular expertise and experience in the resource sector
having previously been Vice President Legal and General Counsel at NexGen Energy Ltd., which
was listed on both the TSX and NYSE, and as corporate secretary for two junior exploration
issuers listed on the TSXV. In addition to transactional work, Joanna regularly advises public
companies regarding general corporate and securities law matters, including continuous
disclosure, corporate governance and Canadian stock exchange issues.
Ms. Cameron was named in the Canadian Legal Lexpert Directory (Mining) for 2015, achieved
the Martindale-Hubbell, BV Distinguished rating, named in Best Lawyers in Canada (2013 to
2016) and was a finalist in the Lexpert “Top 40 Under 40” (2009) and the Western Canada
918-1030 West Georgia, Vancouver, BC, V6E 2Y3
Telephone: 604-628-5616
General Counsel Awards for Dealmaking ( 2017). Ms. Cameron holds a B.A. (Honours) from
Queen’s University, and a Bachelor of Law from the University of Saskatchewan.
Ms. Ladd-Kruger has over 17+ years experience in the mining industry and was most recently the
Chief Financial Officer of Treval i Mining Corporation (“Trevali”), a zinc focused mid- tier base
metals producer. Ms. Ladd-Kruger was part of the executive management team that grew Trevali
from a junior exploration portfolio to a producing company with 4 operating mines in the
Americas and Africa, reaching a market cap of over $1 billion on the TSX. Ms. Ladd-Kruger has
raised over $1 Billion dollars in debt and equity throughout her career in the mining sector. Ms.
Ladd-Kruger has also served as the Chief Financial Officer for several Canadian publicly listed
junior mining companies including Crowlight Minerals and Sulliden Gold Corporation. Ms.
Ladd-Kruger is currently the Chief Financial Officer and VP Corporate Development at Excellon
Resources Inc. (TSX-V: EXN), and an Independent Direc tor on the Board of Integra Resources
(TSX-V: ITR).
Ms. Ladd- Kruger began her mining career with Vale S.A. at their Thompson, Manitoba
operations and was also the North American Group Controller for Kinross Gold Corporation. Ms.
Ladd-Kruger is a Certified Public Accountant (CPA, CMA), and holds a Master of Economics
(M.A.) degree and Bachelor of Commerce (B. Comm. Honours) degree from Queen’s University
and the University of British Columbia.
On Behalf of the Board of Directors
“Garrett Ainsworth”
President and Chief Executive Officer
604-628-5616
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 "forward -looking information" within the meaning of applicable Canadian securities
legislation. “Forward-looking information” includes, but is not limited to, statements with respect to the activities,
events or developments that the Company expects or anticipates will or may occur in the future, including completion
of the acquisition of the Bakar Property , confirmation of preliminary exploration results and the completion and
anticipated results of planned exploration activities thereon. Generally, but not always, forward-looking information
and statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”,
“scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or the negative connotation thereof
or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”,
“might” or “will be taken”, “occur” or “be achieved” or the negative connation thereof.
Such forward-looking information and statements are based on numerous assumptions, including among others, that
regulatory approval to the Bakar acquisition will be obtained, that the preliminary VTEM results will be confirmed
and that the Company’s planne d exploration activities will be completed in a timely manner. Although the
assumptions made by the Company in providing forward-looking information or making forward-looking statements
are considered reasonable by management at the time, there can be no assurance that such assumptions will prove
to be accurate.
918-1030 West Georgia, Vancouver, BC, V6E 2Y3
Telephone: 604-628-5616
Forward-looking information and statements also involve known and unknown risks and uncertainties and other
factors, which may cause actual events or results in future periods to differ materially from any projections of future
events or results expressed or implied by such forward-looking information or statements, including, among others:
that planned exploration activities do not achieve anticipated results or are not completed in a timely manner or at
all, that the preliminary results of completed exploration activities are not subsequently confirmed, that regulatory
approval to the acquisition of the Bakar Property will not be obtained such that the transaction will be completed in
accordance with its terms or at all, that the Company will not complete the required expenditures and that, as a
result, the Bakar Property will be forfeited without any repayment to the Company, that actual results of planned
exploration activities are different than anticipated , negative operating cash flow and dependence o n third party
financing, uncertainty of additional financing, no known mineral reserves or resources, reliance on key management
and other personnel, potential downturns in economic conditions, , changes in exploration programs based upon
results, and risks generally associated with the mineral exploration industry, environmental risks, changes in laws
and regulations, community relations and delays in obtaining governmental or other approvals.
Although the Company has attempted to identify important factors that could cause actual results to differ materially
from those contained in the forward- looking information or implied by forward- looking information, there may be
other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that
forward-looking information and statements will prove to be accurate, as actual results and future events could differ
materially from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on
forward-looking statements or information.
The Company undertakes no obligation to update or reissue forward- looking information as a result of new
information or events except as required by applicable securities laws.