Burin Gold Announces Appointment of Tom Panoulias and Douwe van Hees as Directors and Resignations of Phillip Walford and Sheryl Dunsworth as Directors
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Burin Gold Announces Appointment of Tom Panoulias and Douwe van
Hees as Directors and Resignations of Phillip Walford and Sheryl
Dunsworth as Directors
Vancouver, Canada, February 10, 2023 – Burin Gold Corp. (“Burin Gold” or the “Company”) (TSX-V: BURG)
today announces that Tom Panoulias and Douwe van Hees ha ve been appointed as Director s of the Company,
effective as of February 9, 2023.
Mr. Panoulias currently serves as the Interim Chief Executive Officer of the Company. He is a capital markets
professional with over 15 years of experience. He has previously worked at Echelon Wealth Partners, Fraser
Mackenzie Merchant Capital, and Dundee Capital Markets, raising over one billion dollars for issuers in the mining
sector and advising senior management teams on numerous merger and acquisition transactions. Prior to entering
capital markets, Mr. Panoulias held senior roles at Kinross Gold Corporation and TV X Gold Inc. in corporate
development
Mr. van Hees is co-founder and fund manager of Plethora Private Equity , a Netherlands -based investment fund
focused on incubating mineral exploration. Plethora incubated Burin Gold in 2018 and has funded the Company for
several years while private, Plethora is the largest shareholder of Burin Gold with an equity stake of 24%. Since
2014 Mr. van Hees is also active as fund manager of the Plethora Precious Metals Fund.
The Company also announces that Phillip Walford and Sheryl Dunsworth have provided notice of their resignations
as Directors, effective as of February 9, 2023. Daniel James, Director of the Company, said, “On behalf of the Board
we thank Phillip and Sheryl for their contributions to the Company and we wish them the very best in their future
endeavors.”
About Burin Gold Corp.
Burin Gold is a Canadian based exploration company listed on the TSX Venture Exchange (TSX-V: BURG). The
Company’s principal asset is its Hickey’s Pond-Paradise Gold Project on the Burin Peninsula, Newfoundland. This
project contains the Hickey ’s Pond gold prospect, which has seen multiple exploration phases including drilling,
with best results of 10.8 m of 4.43 g/t Au, as well as numerous other historical high -sulphidation epithermal gold
showings.
Further Information:
Tom Panoulias
Interim Chief Executive Officer
Burin Gold Corp.
416 294-5649
Forward Looking Statements
Neither 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.
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This News Release includes certain “forward-looking statements” which are not comprised of historical facts. Forward looking statements
include estimates and statements that describe the Company’s future plans, objectives or goals, including words to the effect that the Company
or management expects a stated condition or result to occur. Forward looking statements may be identified by such terms as “believes”,
“anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. Si nce forward -looking statements are based on
assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these
statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet
management’s expectations. Risks, uncertainties and other factors involved with forward -looking information could cause actual events,
results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information.
Forward looking information in this news release includes, but is not limited to, the Company’s objectives, goals or future plans, statements,
exploration results, potential mi neralization, the estimation of mineral resources, exploration and mine development plans, timing of the
commencement of operations and estimates of market conditions. Factors that could cause actual results to differ materially f rom such
forward-looking i nformation include, but are not limited to failure to identify mineral resources, failure to convert estimated mineral
resources to reserves, the inability to complete a feasibility study which recommends a production decision, the preliminary nature of
metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political
risks, inability to fulfill the duty to accommodate First Nations and other indigenous peoples, uncertainties rel ating to the availability and
costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in com modity prices,
delays in the development of projects, capital and operating costs varying significant ly from estimates and the other risks involved in the
mineral exploration and development industry, an inability to predict and counteract the effects of COVID-19 on the business of the Company,
including but not limited to the effects of COVID -19 on the p rice of commodities, capital market conditions, restriction on labour and
international travel and supply chains, and those risks set out in the Company ’s public documents filed on SEDAR. Although the Company
believes that the assumptions and factors used in preparing the forward -looking information in this news release are reasonable, undue
reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that
such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any
forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.