New Appointments Strengthen the Giyani Board and Management Team
Not for distribution to U.S. newswire services or for dissemination in the United States
NEW APPOINTMENTS STRENGTHEN THE GIYANI BOARD AND MANAGEMENT TEAM
TORONTO, Ontario, August 27, 2021 -- Giyani Metals Corp. (TSXV:EMM, GR:A2DUU8) (" Giyani" or the
"Company") is pleased to announce the appointment of Ms. Stephanie Hart to the Giyani Board of
Directors, with immediate effect. Ms. Hart will serve as the Chair of the Audit Committee, replacing Mr. John
Petersen, who will remain on the Audit Committee. Fo llowing the appointment of Ms. Hart, the Board will
be comprised of 5 directors, 4 of whom are ind ependent. A number of changes have been made to the
various Board committees and these will also take immediate effect. The Company is also pleased to
announce the appointments to its management team namely, Mr. George Donne as Vice President (“VP”),
Business Development, with effect from September 15, 2021, and Ms. Malika Arora, Controller, effective
September 1, 2021.
Mr. Jonathan Henry, Chair of the Company, commented:
“I am delighted that Stephanie is joining Giyani’s Board. Her significant senior level expertise in finance,
risk, operational and capital project roles in the international mining sphere, coupled with her knowledge of
corporate governance will make an excellent addition to the Company’s Board. I would also like to thank
Mr. John Petersen for taking over from Eugene Lee in April as Audit Chair, guiding the Company through
the last several quarters.”
Board of Director Appointment
Ms. Hart is a Chartered Professional Accountant (“CPA”) with over 20 years’ senior level experience with
broad financial, risk, operational and capital project ro les in global mining. Ms. Hart spent much of her
career working with Vale S.A., where she was most recently Head of Finance, North Atlantic Operations
and Asian Refineries in the Base Metals business. Other roles at Vale included Director of Treasury,
Pension Assets and Risk for Vale Canada, Director of Finance and Chief Financial Officer (“CFO”) for the
Goro Project and Operations in New Caledonia and General Foreperson in the Sudbury Smelter. Currently,
Ms. Hart is the CFO at Willeson Metals Corp., a company exploring for gold in Manitoba, and Exiro Minerals
Corp., a privately-owned exploration company. She was also recently appointed to the board of West Park
Healthcare Centre Foundation. Ms. Hart has exte nsive experience in budgeting, reporting and analysis,
internal controls, financial and risk management.
Mr. Robin Birchall, CEO of the Company, commented:
“On behalf of senior management, I would also like to welcome Stephanie to the Board, we look forward to
working with her going forward as we advance the K.Hill Project.
The appointments of George and Malika bring comple mentary skills both in mining finance and corporate
development as well as corporate governance expertise to the team. George also brings significant capital
markets and senior level resource management experience that is ideally suited for the Company’s current
objectives. His experience, industry contacts and kn owledge of the mining finance sector will contribute
significantly to the Company’s development and the growth of shareholder value.”
VP Business Development Appointment
Mr. Donne has over 20 years of international natural reso urces sector experience in senior management
and investment banking roles and holds a CFA Certificate in ESG Investing . Mr. Donne began his career
with JPMorgan’s Metals & Mining investment banking team in London and Johannesburg, before moving
into industry and assuming senior management roles at a number of private and public natural resources
companies across Africa, Latin America and the Former Soviet Union. Most recently, Mr. Donne was a
Senior Investment Professional with Greenstone Re sources, a USD475 million mining-focused private
equity fund.
Controller Appointment
Ms. Arora is finance professional and a CPA with mo re than 16 years of experience, including 11 in the
mining and natural resources industry, focused on finan cial reporting, system implementations, internal
controls and accounting policy and procedures developm ent. Most recently, she was Assistant Controller
at Baffinland Iron Mines Corporation, and she held similar roles at SNC Lavalin Inc. and Pacific Rubiales
Energy Corp.
About Giyani
Giyani is a mineral resource company focused on beco ming one of Africa’s first low-carbon producers of
high-purity electrolytic manganese precursor material s used by battery manufacturers for the expanding
electric vehicle market, through the advancement of its manganese assets in the Kanye Basin in south-
eastern Botswana, (the “Kanye Basin Prospects”) through its wholly-owned Botswana subsidiary Menzi
Battery (Pty) Limited. The Company’s Kanye Basin Prospects consist of 10 prospecting licenses and
include the past producing Kgwakgwe Hill mine and project, referred to as the K.Hill Project, the Otse
manganese prospect and the Lobatse manganese pros pect, both of which have seen historical mining
activities.
The Company is currently undertaking a feasibilit y study on the K.Hill Project, following an updated
preliminary assessment report announced on 12 Ap ril 2021 with a post-tax NPV of USD332 million and
post-tax IRR of 80%, based on a development plan to produce around 891,000 tonnes of high-purity
manganese sulphate monohydrate over a 10 year project life.
Additional information and corpor ate documents may be found on www.sedar.com and on Giyani Metals
Corp. website at https://giyanimetals.com/.
On behalf of the Board of Directors of Giyani Metals Corp.
Robin Birchall, CEO
Contact:
Robin Birchall CEO, Director
+44 7711 313019
Judith Webster
Corporate Secretary and Investor Relations
+1 416 453 8818
Neither the TSX Venture Exchange (the "TSXV") nor its Regulation Services Provider (as that term is defined in the policies
of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.
The securities described herein have not been registered under the United States Securities Act of 1933, as amended (the
"U.S. Securities Act"), or any state securities laws, and accordingly, may not be offered or sold to, or for the account or benefit
of, persons in the United States or "U.S. persons," as su ch term is defined in Regulati on S promulgated under the U.S.
Securities Act ("U.S. Persons"), except in compliance with t he registration requirements of the U.S. Securities Act and
applicable state securities requirements or pursuant to exemptions therefrom. This press release does not constitute an offer
to sell or a solicitation of an offer to buy any of the Company 's securities to, or for the account of benefit of, persons in t he
United States or U.S. Persons.
Forward Looking Information
This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. All
statements in this news release, other than statements of historical fact, that address events or developments that Giyani
expects to occur, are "forward-looking st atements". Forward-looking statements are statements that are not historical facts
and are generally, but not always, identified by the words "expects", "does not expec t", "plans", "anticipates", "does not
anticipate", "believes", "intends", "estimates", "projects", "potential", "scheduled", "forecast", "budget" and similar expressions,
or that events or conditions "will", "would", "may", "could", "should" or "might" occur. Specific forward-looking statements and
forward-looking information herein includes completion of receipt of TSXV approval for the private placement and completion
of the private placement.
All such forward-looking statements are based on the opinions and estimates of the relevant management as of the date such
statements are made and are subject to cert ain assumptions, important risk factors and uncertainties, many of which are
beyond Giyani's ability to control or predict. Forward-looking statements are necessarily based on estimates and assumptions
that are inherently subject to known and unknown risks, uncertainties and other factors that may cause actual results, level of
activity, performance or achievements to be materially different from those express ed or implied by such forward-looking
statements. In the case of Giyani, these facts include their anticipated operations in future periods, planned exploration and
development of its properties, and plans related to its business and other matters that may occur in the future. This information
relates to analyses and other information that is based on expectations of future performance and planned work programs.
Forward-looking information is subject to a variety of known and unknown risks, uncertainties and other factors which could
cause actual events or results to differ from those expressed or implied by the forward-looking information, including, without
limitation: inherent exploration hazards and risks; risks related to exploration and development of natural resource properties;
uncertainty in Giyani's ability to obtain funding; commodity price fluctuations; recent market events and conditions; risks related
to the uncertainty of mineral resource calculations and the inclusion of inferred mineral resources in economic estimation; risks
related to governmental regulations; risks related to obtaining necessary licenses and permits; risks related to their business
being subject to environmental laws and regulations; risks related to their mineral properties being subject to prior unregistered
agreements, transfers, or claims and other def ects in title; risks relating to competit ion from larger companies with greater
financial and technical resources; risks relating to the inabilit y to meet financial obligations under agreements to which they
are a party; ability to recruit and retain qualified personnel; and risks related to their directors and officers becoming associated
with other natural resource companies which may give rise to confli cts of interests. This list is not exhaustive of the factors
that may affect Giyani's forward-looking information. Should one or more of these risks and uncertainties materialize, or should
underlying assumptions prove incorrect, actual results may vary materially from those described in the forward-looking
information or statements.
Giyani's forward-looking information is based on the reasonabl e beliefs, expectations and opinions of their respective
management on the date the statements ar e made, and Giyani does not assume any obligation to update forward looking
information if circumstances or management's beliefs, expectations or opinions change, except as required by law. For the
reasons set forth above, investors should not place undue reliance on forward-looking information. For a complete discussion
with respect to Giyani and risks associated with forward-looki ng information and forward-looking statements, please refer to
Giyani's financial statements and related MD&A, all of which are filed on SEDAR at www.sedar.com.