Michael Doolin Appointed as Prophecy Chief Operating Officer and Interim Chief Executive Officer
Michael Doolin Appointed as Prophecy Chief Operating
Officer and Interim Chief Executive Officer
Vancouver, British Columbia, March 7, 2019 – Prophecy Development Corp.
(“Prophecy” or the “Company”) (TSX:PCY, OTCQX:PRPCF, Frankfurt:1P2N) is pleased
to announce the appointment of Michael Doolin as the Company’s Chief Operating Officer
and interim Chief Executive Officer, effective April 1, 2019. In this role, Mr. Doolin will manage
Prophecy’s worldwide operations while collaborating with Prophecy’s executive chairman
John Lee on investor marketing, fundraising and the Company’s overall strategic direction.
Mr. Doolin is a mining professional wit h over 30 years of operational and management
experience in Nevada with an emphasis on planning and budgeting.
Prior to joining Prophecy, Mr. Doolin was Chief Operating Officer at Klondex Mines Ltd.
(“Klondex”) a mid-tier precious metals mining company prior to its takeover by Hecla Mining
Company in July 2018. From 2012 to 2018, Mr. Doolin managed the development of
Klondex’s Fire Creek, Hollister and Midas , gold and silver mines located in Nevada from
permitting to construction to commissioning stages and then further expansion.
At Klondex, Mr. Doolin’s team obtained an Environmental Assessment for the Fire Creek
Mine in nine months from the Battle Mountain BLM office who are overseeing Prophecy’s
current Gibellini permitting, which is Prophecy’s top priority.
Mr. Doolin comments, “I am very pleased to join the Prophecy team and to work with everyone
to bring Gibellini through permitting and into production as the first US primary vanadium
mine. I am also looking forward to working on Prophecy’s other advanced mining projects in
Mongolia and Bolivia as we develop those projects to their full potential.”
Prior to Klondex, Mr. Doolin worked in operations with Great Basin Gold, McClelland
Laboratories, Eagle Pilcher Minerals, GD Resources , Marigold Mining, Corona Gold, and
Round Mountain Gold, all situated in Nevada. Mr. Doolin earned his Bachelor of Science
degree in Metallurgical Engineering and Chemistry from Montana College of Mineral Science
and Technology.
The Company also announces the resignation of Louis Dionne from the Board of Directors.
The Company thanks Mr. Dionne for his service and wishes him the best in his future
endeavours.
All $ are in USD
About Prophecy
Prophecy is developing the Gibellini project – the only large -scale, open -pit, heap -leach
vanadium project of its kind in North America. Located in Nevada, Gibellini is currently
undergoing EPCM and permit development. Further information on Prophecy can be found
at www.prophecydev.com.
PROPHECY DEVELOPMENT CORP.
ON BEHALF OF THE BOARD
“John Lee”
Chairman
For more information about Prophecy, please contact Investor Relations:
+1.888.513.6286
www.prophecydev.com
Neither the Toronto Stock Exchange nor its Regulation Services Provider (as that term is
defined in the policies of the Toronto Stock Exchange) accepts responsibility for the adequacy
or accuracy of this release.
Cautionary Note Regarding Forward-Looking Statements
Certain statements contained in this news release, including statements which may contain
words such as “expects”, “anticipates”, “intends”, “plans”, “believes”, “estimates”, or similar
expressions, and statements related to matters which are not historical facts, are forward -
looking information within the meaning of applicable securities laws. Such forward -looking
statements, which reflect management’s expectations regarding Prophecy’s f uture growth,
results of operations, performance, business prospects and opportunities, are based on
certain factors and assumptions and involve known and unknown risks and uncertainties
which may cause the actual results, performance, or achievements to be materially different
from future results, performance, or achievements expressed or implied by such forward -
looking statements.
These factors should be considered carefully, and readers should not place undue reliance
on the Prophecy’s forward -looking st atements. Prophecy believes that the expectations
reflected in the forward-looking statements contained in this news release and the documents
incorporated by reference herein are reasonable, but no assurance can be given that these
expectations will prove to be correct. In addition, although Prophecy has attempted to identify
important factors that could cause actual actions, events or results to differ materially from
those described in forward looking statements, there may be other factors that cause actions,
events or results not to be as anticipated, estimated or intended. Prophecy undertakes no
obligation to release publicly any future revisions to forward -looking statements to reflect
events or circumstances after the date of this news or to reflect t he occurrence of
unanticipated events, except as expressly required by law.