GFG Adds Vice President, Exploration Canada
Media Release
Release: Immediate
GFG Adds Vice President, Exploration Canada
April 2, 2018, Saskatoon, Saskatchewan, Canada: GFG Resources Inc. (TSX-V: GFG)
(OTCQB: GFGSF) (“GFG” or the “Company”) is pleased to announce the appointment of Mr.
Rob Mackie as Vice President, Exploration Canada effective immediately. Mr. Mackie will be
responsible for leading the Company’s exploration program at its recently acquired Pen Gold and
Dore Gold projects located west of the prolific Timmins gold district in Ontario, Canada.
“We are pleased to welcome Rob and his expertise in greenfield targeting and exploration to our
leadership team,” stated Brian Skanderbeg, President and CEO . “Rob’s significant experience in
applying modern exploration techniques to identify and prioritize drill targets will be valuable at
our highly prospective Ontario gold projects.”
Mr. Mackie is a registered professional geologist with over 12 years of experience in minera l
exploration with major, mid- tier, and junior mining companies. Prior to joining GFG, he was a
principal consultant geologist with CSA Global and a senior project geologist with Anglo
American. Through these roles, Mr. Mackie has built a strong foundation in the operational and
technical aspects of designing and executing exploration programs in many jurisdictions in Canada.
Mr. Mackie has a strong background in the interpretation of geochemical data and considerable
experience in data integration and multi -disciplinary targeting. He holds a B achelor of Sc ience
(Geology) from the University of Manitoba and a Master of Science (Geology) from the University
of British Columbia.
In connection with Mr. Mackie’s appointment and pursuant to the Company’s stock option
incentive plan, the Company granted Mr. Mackie incentive stock options to purchase 200,000
common shares of the Company. These stock options vest over three years and are exercisable for
a period of five years at a price of C$0.33 per common share.
The Company also announces that the Company’s President and CEO and its Board of Directors
have reduced their annual cash compensation in a continued effort to expand the Company’s in-
the-ground exploration expenditures. In lieu of the reduced cash compensation, the Company will
grant the President and CEO and its Board of Directors stock options to purchase up to an aggregate
of 257,400 common shares of the Company. These stock options vest over three quarters and are
exercisable for a period of 5 years at a price of C$0.33 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 Resources is a North American precious metals exploration company headquartered in
Saskatoon, Saskatchewan, Canada, whose shares trade on the TSX Venture Exchange (GFG) and
on the OTCQB (GFGSF). The Company controls 100% of the Rattlesnake Hills Gold P roject, a
district scale gold exploration project located approximately 100 kilometres southwest of Casper,
Wyoming, U.S. The geologic setting, alteration and mineralization seen in the Rattlesnake Hills are
similar to other gold deposits of the Rocky Moun tain alkaline province which, collectively, have
produced over 50 million ounces of gold. The Company also owns 100% of two large and highly
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prospective gold properties west of the prolific gold district of Timmins, Ontario, Canada. The
Ontario properties are comprised of the 44,500- hectare Pen Gold Project (including the West
Porcupine property) and the 12,000-hectare Dore Gold Project.
CAUTION REGARDING FORWARD-LOOKING INFORMATION
All statements, other than statements of historical fact, contained in t his 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 future price of gold, success of exploration activities and metallurgical test work, permitting time lines, currency
exchange rate fluctuations, requiremen ts for additional capital, government regulation of exploration work, environmental risks,
unanticipated reclamation expenses, title disputes or claims and limitations on insurance coverage. Generally, 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 nega tive
connotation thereof 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 o n various assumptions, including, without limitation, 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 Rattlesnake Hill Gold Project, the Pen Gold Project and the Dore Gold Project is not necessary
indicative of the geological setting, alteration and mineralization of the Rattlesnake Hills Gold Project, the Pen Gold Proje ct 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 i mplied 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; 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 actua l 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 those
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.
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