Saturday, September 26, 2026
MiningNewsTerminal
Saturday, September 26, 2026 Admin

GLDC.V ·

Margaux Resources Ltd. Announces Stephen JJ Letwin as Director

Management Changes

Page 1 of 2

NEWS RELEASE

Margaux Resources Ltd. Announces Stephen JJ Letwin as Director

CALGARY, ALBERTA -- (February 11, 2020)

Margaux Resources Ltd. (TSX VENTURE:MRL, OTCQB:MARFF) ("Margaux" or the "Company") is pleased to announce

the appointment of Mr. Stephen J.J. Letwin to the Company's Board of Directors effective March 2, 2020.

Mr. Letwin, who has been a member of Margaux’s Advisory Committee since November 2016, is looking forward to

taking on the Director role. “I am excited about joining the Margaux Resources Board because I am a very strong

believer in the company’s current assets and financial potential”, said Mr. Letwin.

A hard-working and well respected gold miner specializing in corporate finance, operational management and

merger and acquisitions, Mr. Letwin also brings over 30 years of experience from the highly competitive resource

sector. Prior to his 10 year role as president and CEO of IAMGOLD, Mr. Letwin was previously with Enbridge Inc. in

Houston, Texas, as Executive Vice President, Gas Transportation & International. He was responsible for natural gas

operations including overall responsibility for Enbridge Energy Partners as Managing Director. Before Enbridge, he

was President & CEO of TransCanada Energy and CFO, TransCanada Pipelines, Numac (Westcoast Energy) and Encor

Energy. Mr. Letwin has been a director of Precision Drilling Inc. since 2006.

Stephen holds an MBA from the University of Windsor, is a Certified General Accountant, a graduate of McMaster

University (B.Sc., Honours), and a graduate of the Harvard Advanced Management Program.

About Margaux Resources Ltd.

Margaux Resources Ltd. is a junior exploration company with two district-scale assets in the eastern Cordilleran gold

belt, Canada. The Cassiar Property in northernmost British Columbia is the Company’s flagship property, with a

decades-long mining history and a recently announced near-surface 1 Moz gold inferred resource (MRL press release

11 Sep. 2019). The Company’s Sheep Creek Property in southernmost British Columbia comprises gold and base

metal prospects in an area with a long history of exploration and mining.

Forward Looking Statements

This press release may contain forward looking statements including those describing Margaux's future plans and

the expectations of management that a stated result or condition will occur. Any statement addressing future events

or conditions necessarily involves inherent risk and uncertainty. Actual results can differ materially from those

anticipated by management at the time of writing due to many factors, the majority of which are beyond the control

of Margaux and its management. Although Margaux believes that the expectations reflected in these forward-

looking statements are reasonably, undue reliance should not be placed on them because Margaux can give no

assurance that they will prove to be correct. Readers are cautioned that the foregoing list of risk factors should not

be construed as exhaustive. These statements speak only as of the date of this release or as of the date specified in

the documents referenced by this release, as the case may be. The Company undertakes no obligation to publicly

update or revise any forward-looking statements except as expressly required by applicable securities laws.

Neither the 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.

Page 2 of 2

CONTACT INFORMATION

Margaux Resources Ltd.

Tyler Rice

President, CEO and a Director

(403) 537-5590

[email protected]