Minaurum Appoints Dr. Ruben Padilla to Board of Directors
NEWS RELEASE
MINAURUM GOLD INC.
FOR RELEASE: November 8, 2023 TRADING SYMBOL TSX.V:MGG
Minaurum Appoints Dr. Ruben Padilla to Board of Directors
Vancouver, B.C. – Minaurum Gold Inc. (“Minaurum” or the “Company”) is pleased to announce
that Dr. Ruben Padilla, PhD., has been appointed to the Board of Directors.
Dr. Padilla has over 35 years of mining and exploration experience and has been a key member of
exploration teams credited with the discovery of over 47 million ounces of gold at the Colosa and
Gramalote deposits in Colombia, and the Lynx deposit in the Windfall camp in Quebec. Dr.
Padilla was the first to propose the exploration concept that led to the discovery of the La
Escondida East Cu-Mo-Au deposit in Chile.
Dr. Padilla is currently President and CEO of Sable Resources Ltd. and a board member of Minera
Alamos Inc. He spent seven years with Anglo Gold Ashanti as the Country Manager, Peru and
Colombia and Chief Geologist for South America, 13 years with BHP as Senior Geologist in
Mexico, Chile and Peru, and 2 years as assistant to the global VP of exploration based in San
Francisco. At the beginning of his career, he worked for 3 years as mine geologist in the Santa
Eulalia district in Chihuahua, and 3 years as exploration geologist with Fresnillo in northern
Mexico. Dr. Padilla holds a geological engineering degree from the University of Chihuahua,
Mexico, and Masters and PhD degrees from the University of Arizona.
Darrell Rader, President & CEO of Minaurum, stated, "We are very pleased to have Ruben join
the Board of Directors. Ruben is a top tier geologist and was highly regarded by his close
friend and co-founder of Minaurum, David M. Jones. We look forward to applying his
technical expertise to Minaurum’s exploration efforts in Mexico."
Minaurum has granted 1,750,000 common share stock options to directors, officers and
consultants. The options are exercisable at $0.15 for a period of 5 years from the date of issue
and were granted pursuant to Minaurum’s Stock Option Plan. The options will vest at a rate of
25% per quarter. All of the stock options were granted pursuant to Minaurum’s Stock Option
Plan.
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Minaurum Gold Inc. (MGG | TSX Venture Exchange; MMRGF | OTC; 78M Frankfurt) is
a Mexico -focused explorer concentrating on the high -grade 100% owned fully production
permitted Alamos silver project in southern Sonora. Minaurum is managed by one of the strongest
technical and finance teams and will continue its founders' legacy of creating shareholder value to
develop and acquire a pipeline of potential Tier One precious metals projects. Through a portfolio
containing silver projects totaling 37,928 hectares; Gold projects totaling 25,933 hectares; and
Copper projects totaling 12,856 hectares, Minaurum provides significant exposure to precious and
base metals.
ON BEHALF OF THE BOARD
“Darrell A. Rader”
Darrell A. Rader
President and CEO
For more information, please contact:
Sunny Pannu – Investor Relations and Corporate Development Manager
(778) 330 0994 or via email at [email protected]
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this
news release.
___________________________________________________________________________
2710 – 200 Granville Street Telephone 778 330-0994
Vancouver, BC V6C 1S4 www.minaurum.com
Cautionary Note Regarding Forward Looking Information: This news release contains "forward -looking
information" within the meaning of applicable Canadian securities legislation. "Forward -looking information"
includes, but is not limited to, statements with respect to activities, events or developments that the Company expects
or anticipates will or may occur in the future. Generally, but not always, forward-looking information and statements
can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates",
"forecasts", "intends", "anticipates", or "belie ves" or the negative connotation thereof or variations of such words
and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur"
or "be achieved" or the negative connotation thereof.
In making the forward -looking information in this release, Minaurum has applied certain factors and assumptions
that are based on Minaurum’s current beliefs as well as assumptions made by and information currently available to
Minaurum. Although Minaurum c onsiders these assumptions to be reasonable based on information currently
available to it, they may prove to be incorrect, and the forward -looking information in this release are subject to
numerous risks, uncertainties and other factors that may cause future results to differ materially from those expressed
or implied in such forward-looking information.
Readers are cautioned not to place undue reliance on forward -looking information. Minaurum does not intend, and
expressly disclaims any intention or obligation to, update or revise any forward -looking information whether as a
result of new information, future events or otherwise, except as required by law.