District Strengthens the Advisory Committee with the Appointment of Sophia Shane
918-1030 West Georgia Street, Vancouver, BC, V6E 2Y3
Telephone: (604) 288-4430
District Strengthens the Advisory Committee with the
Appointment of Sophia Shane
Vancouver, B.C. December 6, 2023
December 6, 2023 – District Metals Corp . (TSX- V: DMX) (OTCQB: DMXCF) (FRA:
DFPP); (“District” or the “Company”) is pleased to announce the appointment of Sophia Shane
as a Strategic Advisor for the Company.
Sophia Shane brings decades of experience in capital markets, corporate development and
investor relations to District following a career spanning nearly 30 years at the highly successful
Lundin Group of Companies. At the Lundin Group, she was involved in all aspects of marketing,
branding, shareholder communications, corporate access, financing, regulatory compliance as
well as media relations.
Her steadfast mission throughout the years has been to provide the very best in shareholder
information. She is passionate about serving investors and looks forward to working with District
as we develop and expand into a global leader in exploration and development of uranium and
polymetallic projects.
Sophia has been a Director of a number of public companies including Anfield Ventures which
ultimately became Equinox Gold. She is currently a Director of Interfield Global Software Inc.
(IFSS:NEO), a company that provides a fulfillment marketplace for the efficient procurement and
management of mining and oil & gas industrial equipment around the globe. She was a Fellow
of CSI (FCSI®) and early in her career an Investment Advisor at Odlum Brown Ltd.
Garrett Ainsworth, CEO of District, commented: “ We couldn’t be more pleased to have Sophia
join the team at District Metals, and her biography speaks for itself. Sophia’s deep understanding
of Sweden along with her extensive marketing skills and network have already proven to be an
asset to the Company.”
In connection with this appointment the Company has granted a total of 250,000 stock options to
Sophia Shane, in accordance with the provisions of its stock option plan. Each stock option is
exercisable at $ 0.175 per common share (being above the closing price of the Company’s
common shares on December 5, 2023, the grant date). All stock options have a term of five years
and vest on the grant date.
918-1030 West Georgia Street, Vancouver, BC, V6E 2Y3
Telephone: (604) 288-4430
About District Metals Corp.
District Metals Corp. is led by industry professionals with a track record of success in the mining
industry. The Company’s mandate is to seek out, explore, and develop prospective mineral
properties through a disciplined science -based approach to create s hareholder value and benefit
other stakeholders.
District is a polymetallic exploration and development company focused on the Viken and
Tomtebo Properties in Sweden. The Viken Property covers 68% of the uranium-vanadium Viken
Deposit, which is an asset with substantial exploration and development expenditures that resulted
in the definition of large historic polymetallic resource estimates and positive economic studies
in 2010 and 2014. The Viken Deposit is amongst the largest deposits by total historic mineral
resources of uranium and vanadium in the world.
The advanced exploration stage Tomtebo Property is located in the Bergslagen Mining District
of south- central Sweden and is situated between the historic Falun Mine and Boliden’s
Garpenberg Mine that are located 25 km to the northwest and southeast, respectively. Two historic
polymetallic mines and numerous polymetallic showings are located on the Tomtebo Property
along an approximate 17 km trend that exhibits similar geology, structure, alteration and
VMS/SedEx style mineralization as other significant mines within the district.
For further information on the Tomtebo Property, please see the technical report entitled “NI 43-
101 Update Technical Report on the Tomtebo Project, Bergslagen Region of Sweden” dated
effective October 15, 2020 and amended and restated on February 26, 2021, which is available
on SEDAR+ at www.sedarplus.ca.
On Behalf of the Board of Directors
“Garrett Ainsworth”
President and Chief Executive Officer
(604) 288-4430
Neither the 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 information” with respect to the
Company within the meaning of applicable securities laws. In some cases, but not necessarily in all cases, forward- looking
information ca n 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 statements that certain actions, events or results “may”,
“could”, “would”, “might”, “will” or “will be taken”, “occur” or “be achieved” and any similar expressions. 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 manage ment’s expectations, estimates and projections regarding future events. Forward- looking
statements in this news release relating to the Company include, among other things, statements relating to the Company’s
918-1030 West Georgia Street, Vancouver, BC, V6E 2Y3
Telephone: (604) 288-4430
Swedish Polymetallic Properties; the Company’s planned exploration activities, including its drill target strategy and next steps
for the Swedish Properties; and the Company’s interpretations and expectations about the results on the Swedish Properties.
These statements and other forward- looking information are based on opinions, assumptions and estimates made by the
Company 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 reliability of historical data and the accuracy of publicly reported
information regarding past and historic mines in the Bergslagen district; and in respect of the Swedish Properties; that the
Swedish government will eventually lift or amend its moratorium on uranium mining in Sweden; the Company’s ability to raise
sufficient capital to fund planned exploration activities, maintain corporate capacity; and stability in financial and capita l
markets.
Forward-looking information is necessarily based on a number of opinions, assumptions and estimates that, while considered
reasonable by the Company 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 risks associated with
the following: the reliability of historic data on District’s Properties; the Company’s ability to raise sufficient capital to finance
planned exploration; that the Swedish government maintains its moratorium on uranium mining in Sweden for the foreseeable
future; the Company’s limited operating history; the Company’s negative operating cash flow and dependence on third- party
financing; the uncertainty of additional funding; the uncertainties associated with early stage exploration activities includ ing
general economic, market and business conditions, the regulatory process, failure to obtain necessary permits and approvals,
technical issues, potential delays, unexpected events and management’s capacity to execute and implement its future plans; the
Company’s ability to identify any mineral resources and mineral reserves; the substant ial expenditures required to establish
mineral reserves through drilling and the estimation of mineral reserves or mineral resources; the uncertainty of estimates used
to calculated mineralization figures; changes in governmental regulations; compliance wi th applicable laws and regulations;
competition for future resource acquisitions and skilled industry personnel; reliance on key personnel; title matters; confli cts of
interest; environmental laws and regulations and associated risks, including climate change legislation; land reclamation
requirements; changes in government policies; volatility of the Company’s share price; the unlikelihood that shareholders wil l
receive dividends from the Company; potential future acquisitions and joint ventures; infrastructure risks; fluctuations in demand
for, and prices of gold, silver and copper; fluctuations in foreign currency exchange rates; legal proceedings and the enforceability
of judgments; going concern risk; risks related to the Company’s information technology systems and cyber -security risks; and
risk related to the outbreak of epidemics or pandemics or other health crises, including the recent outbreak of COVID -19. For
additional information regarding these risks, please see the Company’s Annual Information Form, under the heading “Risk
Factors”, which is available at www.sedar.com. These factors and assumptions are not intended to represent a complete list of
the factors and assumptions that could affect the Company. These factors and assumptions, however, s hould be considered
carefully. Although the Company has attempted to identify factors that would cause actual actions, events or results to diffe r
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, except as required by applicable securities laws.
All scientific and technical information contained in this news release has been prepared by or reviewed and approved by Garrett
Ainsworth, PGeo, President and CEO of the Company. Mr. Ainsworth is a qualified person for the purposes of National Instrument
43-101 - Standards of Disclosure for Mineral Projects.