Fremont Appoints Douglas Hurst to Advisory Board
Fremont Appoints Douglas Hurst to Advisory Board
Vancouver, British Columbia--(Newsfile Corp. - December 11, 2018) - Fremont Gold Ltd. (TSXV: FRE) (FSE: FR2) (OTC Pink:
USTDF) ("
Fremont
" or the "
Company
") is pleased to announce that it has appointed Douglas Hurst to its Advisory Board. Mr.
Hurst was the Executive Chairman of Northern Empire Resources Corp, which was recently acquired by Coeur Mining Inc. in a
transaction valued at approximately $117 million. Northern Empire's principal asset was the Sterling Gold Project located in the
Walker Lane trend, Nevada.
"We are delighted to name Doug to our Advisory Board," said Blaine Monaghan, CEO of Fremont. "He is one of those rare
mining industry professionals that has both technical and capital markets expertise. And with a recent Nevada transaction under
his belt, I'm certain that Doug's knowledge and insight will add a lot of value to our Company. I look forward to working with Doug
and Derek White, our other Advisory Board member, to create shareholder value."
Doug
las
Hur
s
t biography
Mr. Hurst has over 30 years of experience in the mining and natural resource industries, having acted as geologist, consultant,
mining analyst, senior executive, and board member. Doug was previously a mining analyst with McDermid St. Lawrence and
Sprott Securities and a contract analyst to Pacific International Securities and Octagon Capital. Mr. Hurst was one of the
founders of Newmarket Gold Inc., which was acquired by Kirkland Lake Gold Ltd. for $1.0 billion in 2016. In addition, Doug was
a founding executive of International Royalty Corporation, which was acquired by Royal Gold for $700 million. Mr. Hurst holds a
Bachelor of Science in geology from McMaster University
.
Small Cap Invest
Ltd.
Fremont is also pleased to announce that it has retained Small Cap Invest Ltd. ("SCI"), a Frankfurt-based business development
and PR firm. SCI will organize a number of European roadshows for the Company and will help to build and maintain
relationships with potential European investors. Under the terms of the agreement, the Company will pay SCI $3,500 per month
for a 12-month term (prepaid), commencing in January 2019. In addition, Fremont will issue stock options to SCI as set out
below. Alexander Friedrich is the President and Chief Executive Officer of SCI.
Grant of Stock Options
Fremont has granted 1,075,000 incentive stock options to certain officers, directors, advisory board members and consultants
of the Company, including 150,000 incentive stock options granted to SCI. The incentive stock options have an exercise price of
$0.15 per share and will vest in five equal tranches every six months. The stock option grants are subject to regulatory approval.
About Fremont Gold
Fremont's mine-finding management team has assembled a portfolio of high-quality gold projects in Nevada with the goal of
making a new discovery. Fremont's Gold Bar and Gold Canyon are past producing gold mines adjacent to McEwen's Gold Bar
project, where mine construction is underway. Other projects include North Carlin, Goldrun, Hurricane, and Roberts Creek. We
are aligned with our shareholders: Insiders own approximately 20% of Fremont.
On behalf of the Board of Directors,
"Blaine Monaghan"
CEO
Telephone:
+1 604-676-5664
Email:
www.fremontgold.net
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.
Forward looking statements
Certain statements and information contained in this press release constitute "forward-looking statements" within the
meaning of applicable U.S. securities laws and "forward-looking information" within the meaning of applicable Canadian
securities laws, which are referred to collectively as "forward-looking statements". The United States Private Securities
Litigation Reform Act of 1995 provides a "safe harbor" for certain forward-looking statements. Forward-looking statements are
statements and information regarding possible events, conditions or results of operations that are based upon assumptions
about future economic conditions and courses of action. All statements and information other than statements of historical
fact may be forward-looking statements. In some cases, forward-looking statements can be identified by the use of words such
as "seek", "expect", "anticipate", "budget", "plan", "estimate", "continue", "forecast", "intend", "believe", "predict", "potential",
"target", "may", "could", "would", "might", "will" and similar words or phrases (including negative variations) suggesting future
outcomes or statements regarding an outlook. Such forward-looking statements are based on a number of material factors
and assumptions and involve known and unknown risks, uncertainties and other factors which may cause actual results,
performance or achievements, or industry results, to differ materially from those anticipated in such forward-looking
information. You are cautioned not to place undue reliance on forward-looking statements contained in this press release.
Actual results and future events could differ materially from those anticipated in such statements. Fremont undertakes no
obligation to update or revise any forward-looking statements included in this press release if these beliefs, estimates and
opinions or other circumstances should change, except as otherwise required by applicable law.