Michael Timmins Appointed CEO of Emerita Resources
65 Queen Street West, Suite 800, Toronto, ON, Canada, M5H 2M5
MICHAEL TIMMINS APPOINTED CEO OF EMERITA RESOURCES
Toronto, Ontario, November 15, 201 7 – Emerita Resources Corp. (the “Company” or
“Emerita”) (TSX-V: EMO) is pleased to announce the appointment of Mr. Michael Timmins as
CEO and a Director of the Company. This appointment is an important step in enhancing the
Company’s interaction with its shareholders and capital markets.
Mr. Timmins is a mining executive with over 20 years of techni cal and corporate development
experience at Agnico Eagle Mines Limited and Placer Dome Inc. Most recently , Michael
worked for Agnico Eagle as Vice -President, Corporate Development. During his tenure at
Agnico Eagle, Mr. Timmin s participated in the construction and commissioning of the Kittila
Mine in Finland and was an integral part of the corporate development team where he lead
several key acquisitions totalling over C$3.0B in value and key investments of approximately
C$300M into junior gold com panies. Mr. Timmins supported the growth of Agnico Eagle’s
portfolio from one operating mine to a total of nine by the time of his departure. Mr. Timmins
has also developed an extensive network of contacts of investors, investment bankers and
advisors over his twelve years at Agnico Eagle. Prior to working at Agnico Eagle, Mr. Timmins
worked in various operational capacities in the Red Lake camp for Placer Dome. Mr. Timmins
is a graduate of Queens University (MBA), the University of British Columbia (M.Sc. Metallurgy)
and Bishops University (B.Sc.).
Joaquin Merino, P.Geo., will continue as President of Emerita as well as the Managing Director
of Emerita Resources Espana SL, Emerita’s wholly owned Spanish subsidiary, allowing him to
focus on the managemen t and advancement of Emerita’s projects. Under Mr. Merino ’s
leadership, the technical programs are ramping up with the recent acquisition of advanced zinc
projects in Brazil and Spain (see news releases dated October 5, 2017 and October 26, 2017).
David Gower P.Geo. , Chairman of Emerita , commented: “We are very fortunate to have
Michael Timmins joining the Emerita team. Having someone as accomplished in the mining
business as Michael is a real endorsement of the quality of Emerita’s assets and team and he
brings the business acumen to help us successfully drive our projects towards development.
Having Emerita’s CEO based in Toronto will improve our outreach to shareholders as we
communicate results of our exciting portfolio of zinc assets.”
About Emerita Resources Corp.
Emerita is a natural resource company engaged in the acquisition, exploration and
development of mineral properties with a primary focus on exploring in Spain and Brazil. The
Company’s corporate office and technical team are based in S eville, Spain with an
administrative office in Toronto, Canada.
For further information, contact:
Joaquin Merino
+34 (628) 1754 66 (Spain)
Helia Bento
+1 416 309 4293 (Toronto)
65 Queen Street West, Suite 800, Toronto, ON, Canada, M5H 2M5
Cautionary Note Regarding Forward-looking Information
This press release contains “forward-looking information ” within the meaning of applicable
Canadian securities legislation. Forward -looking information includes, without limitation,
statements regarding appointment of senior management and impact on the Company , the
Company’s ability to raise necessary financing , the Company’s ability to acquire and develop
assets and the Company’s future plans. Generally, forward -looking information can be
identified by the use of forward -looking terminology such as “plans”, “expects” or “does not
expect”, “is expected ”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”,
“anticipates” or “does not anticipate ”, or “believes”, 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 ”. Forward -looking information is subject to known and
unknown risks, uncertainties and other factors that may cause the actual results, level of
activity, performance or achievements of Emerita, as the case may be, to be materially
different from those expressed or implied by such forward -looking information, including but
not limited to: general business, economic, competitive, geopolitical and social uncertainties;
the actual results of current exploration activities; risks associated wi th operation in foreign
jurisdictions; ability to successfully integrate purchased properties or mining rights awarded ;
foreign operations risks; and other risks inherent in the mining industry. Although Emerita has
attempted to identify important factors that could cause actual results to differ materially
from those contained in 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 such
information will pr ove to be accurate, as actual results and future events could differ
materially from those anticipated in such statements. Accordingly, readers should not place
undue reliance on forward -looking information. Emerita does not undertake to update any
forward-looking information, except in accordance with applicable securities laws.
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IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR
THE ADEQUACY OR ACCURACY OF THIS RELEASE.