Outback Goldfields Welcomes George Salamis as Strategic Advisor
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TSX.V: OZ | OTCQB: OZBKF | FSE: S600
FOR IMMEDIATE RELEASE MAY 08, 2024
OUTBACK GOLDFIELDS WELCOMES GEORGE SALAMIS AS STRATEGIC ADVISOR
Vancouver, British Columbia – May 08, 2024 – Outback Goldfields Corp. (the “Company” or “Outback”)
(TSX.V: OZ) (OTCQB: OZBKF) is pleased to announce that , further to its announcement of the Letter of
Intent to acquire S2 Resources’ gold assets located in the Central Lapland district of Finland (see March 1,
2024 news release), Mr. George Salamis has agreed join Outback as a strategic and technical advisor.
Mr. Salamis offers a wealth of technical and strategic expertise in the Central Lapland district, having
worked as Vice President of Riddarhyttan Resources AB and advancing what is now known as the Kittilä
Mine until its sale to Agnico Eagle in 2006. The Kittila mine is Europe’s largest producing gold mine,
originally discovered by the Finish Geological Survey (GTK) in the late 1990’s and then sold to Riddarhyttan
as a small , shallow resource of less than 300,000 ounces of gold 1. Riddarhyttan conducted extensive
drilling and engineering studies on the project, growing it to over 2.8 million ounces of contained gold by
20041. Agnico went on to acquire Ridda rhyttan in 2 005 and since then, h as identified over 7.9 million
ounces of gold resources on the project1. In 2023, the Kittila mine produced 234,402 ounces of gold, and
is expected to produce 230,000 ounces in 20242.
“Mr. Salamis’ experience in the Central Lapland Greenstone Belt of northern Finland will be invaluable to
Outback as we complete this transformative acquisition of a world -class portfolio of gold projects and
start to advance the projects,” commented Chris Donaldson, CEO of Outback.
About George Salamis
George Salamis has over 30 years of experience in the mining and resource exploration industry and has
been involved in over $2 billion of M&A transactions over the course of his career. Mr. Salamis is currently
the Executive Chairman of Integra Resources and was Executive Chairman of Integra Gold Corp. which
was sold to Eldorado Gold Corporation for C$590 million in 2017. Mr. Salamis co -led the efforts behind
the 2016 Integra Gold Rush Challenge and the 2017 #DisruptMining initiatives that encouraged innovation
and technology disruption in the mining industry and went on to co-found VRIFY Technologies, a company
specializing in creating immersive digital experiences and Artificial Intelligence driven mining exploration
targeting solutions . Mr. Salamis holds a Bachelor of Science Degree in Geology from University of
Montreal — École Polytechnique and began his career working for two major mining companies (Placer
Dome and Cameco Corp). He also currently serves with the Canadian Armed Forces as a reservist as well
as serving as a director of the Canadian Armed Forces Liaison Counsel.
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About Outback
Outback is an exploration mining company that is acquiring a portfolio of highly prospective gold assets
in the Central Lapland Greenstone Belt of Finland.
Contact Information
For more information please contact:
Chris Donaldson, Chief Executive Officer and Director
Tel: (604) 813-3931 | Email: [email protected]
Completion of the Transaction is subject to a number of conditions, including but not limited to, TSXV
acceptance and if applicable, disinterested shareholder approval. Where applicable, the Transaction
cannot close until the required shareholder approval is obtained. There can be no assurance that the
Transaction will be completed as proposed or at all.
Investors are cautioned that, except as disclosed in the management information circular or filing
statement to be prepared in connection with the Transaction, any information released or received with
respect to the Transaction may not be accurate or complete and should not be relied upon. Trading in the
securities of Outback should be considered highly speculative.
The TSXV has in no way passed upon the merits of the proposed transaction and has neither approved
nor disapproved the contents of this news release.
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.
References
1. Doucet, D., Girard, D, Grondin, L., and Matte, P., 2010, Technical Report on the December 31,
2009, Mineral Resource and Mineral Reserve Estimate and the Suuri Extension Project, Kittila
Mine, Finland, Prepared for Agnico Eagle Mines Limited, agnicoeagle.com (summary of historical
work)
2. Agnico Eagle Mines Limited website, 2024, agnicoeagle.com
Forward Looking Statements
This news release contains forward -looking statements or forward -looking information relating to the
future operations of the Company and other statements that are not historical facts. Forward -looking
statements in this news release include but are not limited to: obtaining the necessary approvals required
for the Transaction and the Offering; completion of the Transaction and the Offering and the timing
thereof; final terms of the Transaction and Offering; the benefits of the Transaction and the Offering; and
exploration activities.
Forward-looking statements are based on the reasonable assumptions, estimates, analyses and opinions
of management made in light of its experience and its perception of trends, current conditions and
expected developments, as well as other factors that management believes to be relevant and reasonable
in the circumstances at the date that such statements are made, but which may prove to be incorrect.
Management believes that the assumptions and expectations reflected in such forward -looking
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statements are reasonable. Assumptions have been made regarding, among other things: the benefits of
the Transaction and the Offering; the Company’s ability to carry on exploration and development
activities; the timely receipt of required approvals; the price of metals; the integration of assets acquired
by the Company; and the Company’s ability to obtain financing as and when required and on reasonable
terms. Readers are cautioned that the foregoing list is not exhaustive of all factors and assumptions which
may have been used.
Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that
may cause actual results to be materially different from those expressed or implied by such forward -
looking statements. Such risks, uncertainties and ot her factors include but are not limited to: the
Company’s early stage of development; the fluctuation of the price of metals; the availability of additional
funding as and when required; the speculative nature of mineral exploration and development; the timing
and ability to maintain and, where necessary, obtain necessary permits and licenses; the uncertainty in
geologic, hydrological, metallurgical and geotechnical studies and opinions; infrastructure risks, including
access to water and power; environment al risks and hazards; risks associated with negative operating
cash flow; and risks associated with dilution. For a further discussion of risks relevant to the Company, see
the Company’s other public disclosure documents.
Although management has attempted to identify important factors that could cause actual results to
differ materially from those contained in forward -looking statements, there may be other factors that
cause results not to be as anticipated, estimated or intended. There is no assurance that forward-looking
statements will prove to be accurate, as actual results and future events could differ materially from those
anticipated in such forward-looking statements. Accordingly, readers should not place undue reliance on
forward-looking statements. The Company does not undertake to update any forward -looking
statements, except as, and to the extent required by, applicable securities laws.