Margaux Resources Strengthens Management Team with Appointment of Vice- President, Exploration
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NEWS RELEASE
Margaux Resources Strengthens Management Team with Appointment of Vice-
President, Exploration
CALGARY, ALBERTA -- (The Newswire – February 6, 2017)
Margaux Resources Ltd. (TSX VENTURE:MRL, OTCQB:MARFF) ("Margaux" or the "Company") is pleased to announce
the appointment of Linda Caron as Vice-President, Exploration effective February 6, 2017.
"Margaux is very pleased with the appointment of Linda as our VP Exploration. With her extensive experience in the
B.C. region, Linda will provide insightful technical advice for our properties’ future development, as well as moving
our historic resources towards NI 43-101 status," stated Tyler Rice, President and CEO. “Linda’s regional experience
and widely recognized knowledge of the geology and deposits in the area adds a dimension that Margaux will greatly
benefit from, and will assist in our regional consolidation plan.”
Ms. Caron has over 30 years of national and international experience in the mining industry . Since 1997 she has
worked as a geological consultant on multiple projects for junior mining companies, small -scale producers and
majors. Most recently, she has acted as Project Manager for several large mineral exploration projects in southern
B.C., with a primary focus on gold, i ncluding Kinross Gold Corp .’s Grizzly Greenwood project and Ximen Mining
Corp.’s Brett Gold project.
She has worked extensively in the Boundary district of s outhern B.C. and northern Washington and is widely
recognized for her knowledge of the geology and deposits in the area. Ms. Caron graduated from the University of
British Columbia in 1985 with an honors degree in geological engineering and obtained a master’s degree in
geological sciences from the University of Calgary in 1988.
Ms. Caron will be replacing Mr. Richard Kilpatrick who will be stepping down from his role as VP Exploration. Mr.
Kilpatrick contributed greatly to the Company ’s exploration program on its Jersey-Emerald property and in
positioning Margaux as a regional consolidator in the Kootenay Arc.
Jim Letwin, Chairman of the Board, commented, “We want to thank Richard for his time at Margaux and his efforts
in developing and executing the Company’s exploration programs. We wish him all the best in his future endeavors.”
In addition, Margaux wishes to announce that it has granted 175,000 common share purchase options to Ms. Caron
in accordance with the Company's shareholder -approved stock option plan. The stock options are exercisable at a
price of $0.315 per share, expire in five years, and vest over a period of three years, with 1/3 of the options vesting
immediately, and 1/3 vesting at the end of each the first and second anniversary of the date of grant.
Finally, Margaux is pleased to announce that it has retained Mr. Todd Keast as a consulting geologist to assist with
the exploration and development work on Margau x’s properties. Mr. Keast has over 25 years of experience in a
diverse field of commodities. Since 2014 he has worked as a consulting exploration geologist for multiple companies.
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Prior to that, he was President and CEO of Manitou Gold Inc., a start-up mining exploration company in Ontario. Mr.
Keast graduated from the University of Manitoba in 1987 with an honors degree in geology.
About Margaux Resources Ltd.: Margaux is a publicly traded polymetallic exploration company focused on the
exploration and development of previously producing properties in the Kootenay Arc, located in southeastern British
Columbia, including the Jackpot/Oxide, Jersey-Emerald, Sheep Cr eek and Bayonne properties, on which Margaux
has options. The Company is directed by a group of highly successful Canadian business executives with proven track
records. Margaux trades on the TSX Venture Exchange under the symbol MRL and on the OTCQB under the symbol
MARFF.
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. In particular, this news release contains forward -looking statements pertaining,
directly or indirectly, to Margaux's exploration programs and regional consolidation plans . Readers are cautioned
that the foregoing list of risk factor s 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 accompanying this release, as the case may be. The
Company undertakes no obligation to publicly update or revis e 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.
CONTACT INFORMATION
Margaux Resources Ltd.
Tyler Rice
President, CEO and a Director
(403) 537-5590