GFG Strengthens Team with New Vice President, Exploration
Media Release
TSX.V: GFG | OTCQB: GFGSF
GFG Strengthens Team with New Vice President, Exploration
September 12 , 2022, Saskatoon, Saskatchewan, Canada: GFG Resources Inc. (TSXV: GFG ) (OTCQB:
GFGSF) (“GFG” or the “Company”) is pleased to announce the appointment of Ms. Natalie Pietrzak-Renaud as
Vice President, Exploration effective immediately. M s. Pietrzak-Renaud will be responsible for leading the
Company’s exploration programs at its gold projects in the prolific Timmins gold district in Ontario, Canada.
Natalie is a Professional Geologist with over 20 years mineral exploration experience in the Americas. She has
extensive experience in managing and developing exploration programs and has worked on w orld class deposits
including Fruta del Norta gold project, Equador (Lundin Gold) and the Strange Lake rare earth element deposit
(Torngat Metals), Quebec Canada. She has also worked in other known deposits such as the Coffee gold project,
Yukon (Newmont Goldcorp), and the Renard pipe (Stornoway diamonds). Most recently she was Vice President ,
Exploration for E2Gold Inc. Natalie’s technical expertise and work experience is founded in many different
commodity types of which has been predominantly in gold. Sh e holds a Bachelors, Masters and PhD. in Geology
from Western University, Ontario with specialization in ore deposit modelling and geometallurgy.
“We are pleased to welcome Natalie to the GFG team, to our leadership team,” stated Brian Skanderbeg, President
and CEO . “ Natalie’s significant experience and expertise in greenfield targeting and exploration will add
considerable value to our efforts to uncover the significant geological opportunity in our Timmins gold portfolio.”
In connection with M s. Pietrzak-Renaud’s appointment and pursuant to the Company’s stock option incentive
plan, the Company granted Ms. Pietrzak-Renaud incentive stock options to purchase 400,000 common shares of
the Company. These stock options vest over two years and are exercisable for a period of five years at a price of
C$0.11 per common share.
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 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.
For further information, please contact:
Brian Skanderbeg, President & CEO
Phone: (306) 931-0930
or
Marc Lepage, Vice President, Business Development
Phone: (306) 931-0930
Email: [email protected]
Website: www.gfgresources.com
Stay Connected with Us
Twitter: @GFGResources
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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, uncertainties 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 and 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 caus e 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 accura te, as actual results and future events could differ materially from those anticipated in such statements. In addition, forwa rd-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 h ereof and GFG assumes no obligation to update any forward -looking statements,
except as required by applicable laws.