GFG Announces Senior Management Changes
Media Release
TSX.V: GFG | OTCQB: GFGSF
GFG Announces Senior Management Changes
May 15, 2023, Saskatoon, Saskatchewan, Canada: GFG Resources Inc. (TSXV: GFG) (OTCQB: GFGSF)
(“GFG” or the “ Company”) announces the appointment of Mr. Anders Carlson as Vice President, Exploration
effective May 15, 2023. In connection with the change, Dr. Natalie Pietrzak-Renaud will remain as a consultant in
an advisory role for a period of time to ensure a smooth transition.
"We are grateful to Natalie for her unwavering commitment and significant contributions towards advancing our
exploration efforts in Timmins. We recognize Natalie as a very talented geologist with exemplary management
skills. We s incerely wish her well in all her future professional endeavors following her role with GFG . As we
move forward, we are thrilled to welcome Anders to the GFG team. With his vast experience and proven track
record in mineral exploration and resource development, And ers undoubtedly brings tremendous value and
expertise to our organization," said Brian Skanderbeg, President and CEO of GFG.
Mr. Carlson is a seasoned mining professional with 17 years of experience in mineral exploration and economic
geology. He holds an Applied M.Sc. in Mineral Exploration from Laurentian University and a B.Sc. (Hons) in
Geology from the University of Manitoba. Throughout his career, Mr. Carlson has held various positions with
notable companies such as SSR Mining (“SSR”), Anglo American Plc., Cadillac Ventures Inc. and Wildcat
Exploration Ltd. Over the past 12 years, Mr. Carlson has held multiple titles in e xploration and resource
development with SSR, most recently serving as the Senior Manager of Exploration for Canada. During his tenure
at SSR, Mr. Carlson was part of the team responsible for adding more than 2 million ounces of high-grade gold to
the resource base. He has also worked extensively with SSR’s Business Development group over the past seve n
years, reviewing merger and acquisition targets that resulted in the merger with Alacer Gold Corp. in 2020 and the
acquisition of Taiga Gold Corp. in 2022. In addition to his exploration expertise, Mr. Carlson has spent the past
three years working with SSR's Global Growth team to strengthen and de -risk exploration pipelines, as well as
unlock value at near-mine to greenfield opportunities in Turkey, Argentina, Nevada, and Canada. Furthermore, he
has been an integral part of the community relations team in Canada, successfully developing inaugural Exploration
and Capacity Sharing agreements with regional stakeholders.
In connection with Mr. Carlson’s appointment and pursuant to the Company’s stock option incentive plan, the
Company granted Mr. Carlson incentive stock options to purchase 600,000 common shares of the Company. These
stock options vest over two years and are exercisable for a period of five years and will be priced according to the
Company’s stock option plan.
The stock options are subject to the terms of the Company’s stock option plan and regulatory approval.
About GFG Resources Inc.
GFG is a North American precious metals exploration company focused on district scale gold projects in tier one
mining jurisdictions, Ontario and Wyoming. In Ontario, the Company operates three gold projects, each large and
highly prospective gold properties within the prolific gold district of Timmins, Ontario, Canada. The projects have
similar geological settings that host most of the gold deposits found in the Timmins Gold Camp which have
produced over 70 million ounces of gold. The Company also owns 100% of the Rattlesnake Hills Gold Project, a
district scale gold exploration project located approximately 100 k m southwest of Casper, Wyoming, U.S. In
Wyoming, the Company has partnered with Group 11 Technologies Inc. through an option and earn-in agreement
to advance the Company’s Rattlesnake Hills Gold Project with a technology that could revolutionize the gold
mining industry.
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For further information, please contact:
Brian Skanderbeg, President & CEO
or
Marc Lepage, Vice President, Business Development
Phone: (306) 931-0930
Email: [email protected]
Website: www.gfgresources.com
Stay Connected with Us
Twitter: @GFGResources
LinkedIn: https://www.linkedin.com/company/gfgresources/
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Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
CAUTION REGARDING FORWARD-LOOKING INFORMATION
All statements, other than statements of historical fact, contained in this news release constitute “forward-looking information” within the meaning of applicable
Canadian securities laws and “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 (referred
to herein as “forward-looking statements”). Forward-looking statements include, but are not limited to, the Company’s future exploration plans with respect
to its property interests and the timing thereof, the prospective nature of the projects, future price of gold, success of exploration activities and metallurgical
test work, permitting time lines, currency exchange rate fluctuations, requirements for additional capital, government regula tion of exploration work,
environmental risks, unanticipated reclamation expenses, title disputes or claims and limitations on insurance coverage. Gene rally, these forward -looking
statements 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 the negative connotation thereo f or variations of such words and
phrases or state that certain actions, events or results, “may”, “could”, “would”, “will”, “might” or “will be taken”, “occur” or “be achieved” or the negative
connotation thereof.
All forward-looking statements are based on various assumptions, including, without limita tion, the expectations and beliefs of management, the assumed
long-term price of gold, that the Company will receive required permits and access to surface rights, that the Company can access financing, appropriate
equipment and sufficient labour, and that the political environment within Canada and the United States will continue to support the development of mining
projects in Canada and the United States. In addition, the similarity or proximity of other gold deposits to the Company’s projects is not necessary indicative
of the geological setting, alteration and mineralization of the Rattlesnake Hills Gold Project, the Goldarm Property, the Pen Gold Project and the Dore Gold
Project.
Forward-looking statements are subject to known and unknown risks, unc ertainties and other factors that may cause the actual results, level of activity,
performance or achievements of GFG to be materially different from those expressed or implied by such forward-looking statements, including but not limited
to: actual results of current exploration activities; environmental risks; future prices of gold; operating risks; accidents, labour issues an d other risks of the
mining industry; availability of capital, delays in obtaining government approvals or financing; and other risks and uncertainties. These risks and uncertainties
are not, and should not be construed as being, exhaustive.
Although GFG has attempted to identify important factors that could cause actual results to differ materially from those contained in forward -looking
statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will
prove to be accurate, as actual results and future events could differ materially from t hose anticipated in such statements. In addition, forward -looking
statements are provided solely for the purpose of providing information about management’s current expectations and plans and allowing investors and others
to get a better understanding of our operating environment. Accordingly, readers should not place undue reliance on forward-looking statements.
Forward-looking statements in this news release are made as of the date hereof and GFG assumes no obligation to update any forward -looking statements,
except as required by applicable laws.