Gelum Announces Change of CFO and Option Grant
Suite 2710 – 200 Granville Street
Vancouver, BC, Canada, V6C 1S4
Ph. 604-484-1228
Fx. 604-408-7488
GELUM ANNOUNCES CHANGE OF CFO AND OPTION GRANT
NR22-11 November 1, 2022
FOR IMMEDIATE RELEASE…Vancouver, BC – November 1, 2022 – Gelum Resources Ltd.
(the "Company" or "Gelum", CSE: GMR, OTCQB: GMRCF ) reports the appointment of Sead
Hamzagic CA, CGA) as Chief Financial Officer of the Company replacing Stephen Brohman. The
Company thanks Mr. Brohman for his tenure as CFO for the past several years.
Mr. Hamzagic is a Chartered Professional Accountant with 34 years of public practice and
financial management experience. He has and continues to serve as CFO for several TSXV , CSE
and private companies and is well versed in reporting requirements for public companies.
Gelum further announces that, pursuant to the Company’s Incentive Stock Option Plan, the
Company has granted Mr. Hamzagic incentive stock options to purchase up to 250,000 common
shares in the capital stock of the Company. The options are exercisable on or before November 1,
2024 at a price of $0.20 per share.
About Gelum Resources Ltd.
Gelum Resources is a Company led by seasoned management and advisors in the mining and
financial sectors. The Company currently has two objectives under management. The first is to
define a multi-million-ounce economic gold deposit on the 9028- hectare Eldorado Gold Project,
located within the Bralorne -Bridge River gold district , only 190 kilometres north of Vancouver
and 74 km northwest of the town of Lillooet, B.C. The Bralorne mines historically exploited the
largest, highest-grade, longest-producing lode-gold deposit in B.C. Management is proud to have
developed an excellent working relationship with the Bridge River Indian Band (Xwísten) the
project is within the traditional territory within the St’at’imc territory (Traditional Territory) in
which Xwísten and its members assert, hold and exercise constitutionally protected Aboriginal
Title and Rights (“Indigenous Title and Rights”). The Company plans to complete a 3000 -meter
drill programme this fall.
The second objective is to discover an alkalic porphyry and related skarn deposit within a prolific
B.C. porphyry belt in the Interior Plateau region. The recently acquired ML property is accessible
by 90% paved roads via Williams Lake, and the remainder by all-season dirt roads and secondary
logging roads. The low to moderate relief allows year-round access and work. Airborne geophysics
comprising magnetics and radiometrics was completed in early spring of 2022.
For further information about the Company and its exploration portfolio, please refer to Gelum
Resources Corporate Presentation:
PowerPoint Presentation (gelumresources.com)
Gelum Resources Ltd. - 2 - November 1, 2022
NR22-11 Continued
On Behalf of the Board of Directors
David Smith, President
For further information about Gelum, please contact:
David Smith, President
Email: [email protected]
Phone: 604 484-1228
Cell: 778-834-1141
Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE-
Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Statements Regarding Forward Looking Information
This presentation contains forward- looking statements and forward- looking information (collectively, “forward -
looking statements”) within the meaning of applicable Canadian and US securities legislation. All statements, other
than statements of historical fact, included herein including, without limitation, statements regarding any potential
increase in shareholder value through the acquisition of undervalued precious metal deposits for development, joint
venture or later disposition, the potential to partner with mine developers to achieve production at any of the
Company’s properties (existing or future); the potential for the capital costs associated with any of the Company’s
existing or future properties to be low; the potential for the Company to outline resources at any of its existing or
future properties, or to be able to increase any such resources in the future; concerning the economic outlook for the
mining industry and the Company’s expectations regarding metal prices and production and the appropriate time to
acquire precious metal projects, the liquidity and capital resources and planned expenditures by the Company, the
anticipated content, commencement, timing and cost of exploration programs, anticipated exploration program
results and the anticipated business plans and timing of future activities of the Company, ar e forward looking
statements. Forward-looking statements are based on a number of assumptions which may prove incorrect, including,
but not limited to, assumptions about the level and volatility of the price of gold; the timing of the receipt of regulatory
and governmental approvals; permits and authorizations necessary to implement and carry on the Company’s planned
exploration programs at its properties; future economic and market conditions; the Company’s ability to attract and
retain key staff; and the ongoing relations of the Company with its underlying lessors, local communities and
applicable regulatory agencies.
Accordingly, the Company cautions that any forward- looking statements are not guarantees of future results or
performance, a nd that actual results may differ, and such differences may be material, from those set out in the
forward-looking statements as a result of, among other factors, variations in the nature, quality and quantity of any
mineral deposits that may be located, the Company’s inability to obtain any necessary permits, consents or
authorizations required for its activities, material adverse changes in economic and market conditions, changes in the
regulatory environment and other government actions, fluctuations in commodity prices and exchange rates, the
inability of the Company to raise the necessary capital for its ongoing operations, and business and operational risks
normal in the mineral exploration, development and mining industries, as well as the risks and uncertainties disclosed
in the Company’s most recent management discussion and analysis filed with various provincial securities
commissions in Canada, available at www.sedar.com. The Company undertakes no obligation to update publicly or
release any revisions to these forward -looking statements to reflect events or circumstances after the date of this
presentation or to reflect the occurrence of unanticipated events except as required by law. All subsequent written or
oral forward-looking statements attributable to the Company or any person acting on its behalf are qualified by the
cautionary statements herein.