Omineca Announces Management and Board Changes
Omineca Announces Management and Board Changes
June 1, 2017
Cranbrook, British Columbia - June 1, 2017 - Omineca Mining and Metals Ltd. (TSX VENTURE:
OMM) (“Omineca” or the “Company”) announces several management and board changes in furtherance
of its strategy to complete a bulk sample mining test of a 300m len gth of the Deep Lead Channel at the
Wingdam placer gold p roject. The Wingdam project is fully permitted and the Company has co mpleted a
mine plan based on the use of ground freezing technology to con trol water and stabilize the overlying
gravels during the bulk sample extraction. As th e project advances, the n ext milestones will invo lve
securing financing and implementing the engineering plans. To facilitate this transition the company is
undergoing changes in managemen t to build a team focused on mining, production and financing.
Mr. Tom MacNeill , a current director , will assume the role of CEO and P resident replacing Mr. Tim
Termuende, P.Geo. as CEO and Mr. Charles Downie , P.Geo. as President. Mr. Termuende and M r.
Downie have resigned from their management and directorship positions effective immediately .
Mr. Andrew Davidson , a current director , will assume the role of CFO and Corporate secretary replacing
Mr. Glen Diduck as Chief Financial Officer, and Mr. Darren Fach as Corporate Secretary .
Mr. Fach, Neil MacDonald and Scott Broughton have also resigned from their directorship positions ,
effective immediately. In order to provide continuity of knowledge and expertise in the project Mr .
Downie and Mr. MacDonald will be retained as Technical Advisors with the Company going forward.
Omineca wishes to acknowledge the outgoing team as instrumental in creating an efficient, cost effective
and technically advanced design to implement the expanded bulk sample at the Wingdam project and
wishes them all well in their future endeavors.
The Company has appointed Mr. Sylvain Laberge to the Board of Directors. Mr. Laberge is the President
and CEO of both Tarku Resources Ltd. and Gespeg Copper Resources Ltd., gold and copper exploration
companies respectively, both focused in Quebec. Mr. Laberge has significant experience in managing
publicly traded junior exploration and developm ent companies in Canada.
Additionally, the Company is cancelling the non -brokered private placement that it announced on April
27, 2017.
About Omineca Mining and Metals Ltd.
Omineca Mining and Metals Ltd. controls a 100% working interest in the Wingdam project through its
wholly owned subsidiary CVG Mining Ltd. The 2,700 ha Wing dam project is located 45 km east of
Quesnel, BC on the Barkerville highway and provides a unique opportunity for Omineca to develop near -
term placer gold production in a proven mining district. The property overlies both placer and hard -rock
tenures along the Lightning Creek valley, where topographic conditions have created a deep overburden
accumulation which effectively resulted in a large portion of the channel being excluded from
conventional surface placer mining activity. This has left a deep paleo -channel containing undisturbed
gold-bearing gravels. On the Wingdam property, drilling and previous geophysical surveys indicate that
the paleo -channel may occur throughout the entire 2.4km length of the Wingdam placer tenures,
extending upstream and downstream an undetermined distance.
Omineca intends to utilize technological advances in mining to unlock the value of the Wingdam placer
gold. The Wingdam project received final permitting in January 2015 to carry out a bulk sample of the
gold bearing Deep Lead Channel along a 300m drift length.
The abundance and physical nature of the placer gold recovered in a bulk -sample extracted by CVG
Mining Ltd. in 2012 indicates that it is , in part, locally derived. Little or no systematic exploration work
has been carried out on the property to test for the occurrence of lode gold, leaving excellent potential for
the exploration and possible discover y of in- situ (hard -rock) gold mineralization in addition to the
presence of a proven placer deposit.
C.C. Downie, P.Geo., has reviewed and approved the technical content of this news release and is hereby
identified as the “Qualified Person” under NI 43 -101.
For more information contact:
Omineca Mining and Metals Ltd.
Tom MacNeill
President and Chief Executive Officer
306-653-2692 or [email protected]
Cautionary Note Regarding Forward -Looking Statements
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.
This news release may contain forward -looking statements including but not limited to comments
regarding timing and content of upcoming work programs, geological interpretations, receipt of property
titles, potential mineral recovery processes, etc. Forward -looking statements address future events and
conditions and therefore, involve inherent risks a nd uncertainties. Actual results may differ materially
from those currently anticipated in such statements.