Midnight Sun Appoints Brett Richards as Chief Executive Officer
Midnight Sun Mining - Corporate Office
#1125 - 595 Howe Street, Vancouver, BC Canada V6C 2T5
Tel: +1 (604) 351-8850 Fax: +1 (778) 379-1434
Email: [email protected]
MIDNIGHT SUN APPOINTS BRETT RICHARDS AS CHIEF EXECUTIVE
OFFICER
Vancouver, British Columbia, August 21, 2017 - Midnight Sun Mining Corp. (the "Company"
or " Midnight Sun ") (TSX -V: MMA) is pleased to announce the appointment of Brett A.
Richards as its Chief Executive Officer and director with immediate effect.
Based in London, England and Toronto , Canada, Mr. Richards is a well- known mining
executive with over 30 years of experience who has focused primarily on projects in Africa
over the past 1 2 years. Mr. Richards has acted or advised on a number of corporate M&A
projects, and has extensive mine project development, mine financing , board and senior
level operations ex perience. Mr. Richards has worked with several private equity firms on
mining projects; most recently as COO of African Gold Group and CEO of African Thunder
Platinum, leading its sale in July 2017 to a major South African PGM and chrome producer.
Mr. Richards has also held leadership positions as CEO of Octéa Limited , Interim/Transition
CEO of Roxgold , CEO of Avocet Mining and was on the executive start- up team of Katanga
Mining in the Democratic Republic of Congo from 2005 to 2009, prior to its acquisition by
Glencore plc.
“I am pleased to join the board and executive team of Midnight Sun as we advance the
Solwezi Properties in Zambia” stated Mr. Richards. “ I am also excited to be developing this
highly prospective land package, during a time where there is a strong consensus outlook on
copper and cobalt pricing for the next five years.”
Midnight Sun’s former CEO, Robert Sibthorpe, B.Sc. (Geology), M.B.A. remains with the
Company in the new position of Vice President , Exploration. Mr. Sibthorpe will lead the
exploration and d rilling programs at t he Solwezi Properties through the various stages of
resource development. Mr. Sibthorpe has a unique and tremendous track record of finding
high grade deposits, as illustrated by his discoveries of the Yaramoko deposit of Roxgold and
the Fire Creek deposit of Klondex.
Al Fabbro, Lead Director of Midnight Sun stated: “ The board and management have
previous experience working with Brett and are pleased to have him aboard. Having Brett
join the Company at this key stage will give the additional management capacity and
experience necessary to take the Solwezi Properties through to their full potential as a
significant copper and cobalt project in Zambia.”
Midnight Sun’s board has approved a grant of stock options to Mr. Richards to purchase an
aggregate of 1,000,000 common shares of the Company, at an exercise price of $0.35. The
stock options will be granted pursuant to Midnight Sun’s 10% rolling option plan, will fully
vest upon issuance and shall expire 5 years from the date of grant.
ON BEHALF OF THE BOARD OF MINIGHT SUN MINING
Al Fabbro – Lead Director
Midnight Sun Mining - Corporate Office
#1125 - 595 Howe Street, Vancouver, BC Canada V6C 2T5
Tel: +1 (604) 351-8850 Fax: +1 (778) 379-1434
Email: [email protected]
For Further Information Contact:
Al Fabbro Brett A. Richards
Director Chief Executive Officer
Tel: +1 604-351-8850 Tel: +1 905-449-1500
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 NEWS RELEASE.
This news release includes certain statements that may be deemed "forward -looking
statements." All st atements in this release, other than statements of historical facts, are
forward-looking statements. Although the Company believes the expectations expressed in
such forward -looking statements are based on reasonable assumptions, such statements
are not gu arantees of future performance and actual results or developments may differ
materially from those in the forward -looking statements. Factors that could cause actual
results to differ materially from those in forward -looking statements include, but are not
limited to, changes in market conditions, unsuccessful exploration results, changes in
commodity prices, unanticipated changes in key management personnel and general
economic conditions. Mining exploration and development is an inherently risky business.
Accordingly, the actual events may differ materially from those projected in the forward -
looking statements. This list is not exhaustive of the factors that may affect any of the
Company's forward -looking statements. These and other factors should be cons idered
carefully and readers should not place undue reliance on the Company's forward -looking
statements. The Company does not undertake to update any forward -looking statement
that may be made from time to time by the Company or on its behalf, except in a ccordance
with applicable securities laws.
You can view Previous News Releases on the website: www.midnightsunmining.com