Pacific Empire Announces Appointment of Ms. Samantha Shorter to Board of Directors and Closing of Stars Porphyry Property Purchase Agreement
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Pacific Empire Announces Appointment of Ms. Samantha Shorter to Board of
Directors and Closing of Stars Porphyry Property Purchase Agreement
October 12, 2021 - Vancouver, BC, Canada - Pacific Empire Minerals Corp. (TSXV: PEMC) (OTCQB: PEMSF)
(“Pacific Empire”, “PEMC” or the “Company”), a British Columbia copper explorer, is pleased to announce today
the appointment of Ms. Samantha Shorter to the Board of Directors . Ms. Shorter has been appointed to the Audit
Committee and will serve as Chair of that Committee effective immediately.
Ms. Shorter is a senior finance and accounting professional with 15 years of experience in the mineral exploration
sector and has served as CFO of various junior mining companies. She has extensive international experience with
development projects as well as operating assets. Ms. Shorter was also previously employed as an audit manager at
a major Canadian accounting firm specializing in the mining industry and has extensive experience providing
financial reporting and corporate services to companies in the mining and mineral exploration industries. Ms.
Shorter is a CPA, CA and CIA and holds a Bachelor of Commerce degree with Honours from the University of
British Columbia.
In connection with Ms. Shorter’s appointment, the Company also announces that Mr. Larry Donaldson, is stepping
down as a director and Chair of the Audit Committee . The board of directors would like to thank Mr. Donaldson
for his contributions to the Company. Mr. Donaldson has added significant value to the Company for many years
since 2017 and will be greatly missed for his large contribution to the financial and audit reviews.
“We are pleased to welcome Samantha to Pacific Empires’ Board of Directors,” said Brad Peters, CEO of Pacific
Empire. “She brings a wealth of financial and operating expertise, and she will be a valued member of our board
and advisor to our executive team. I would also to thank Mr. Larry Donaldson, who has served as PEMC’s Chair
of the Audit Committee and Director since 2017. Larry has been integral to our team and we wish Larry all the
best.”
In addition, PEMC is pleased to announce that it has closed the purchase transaction, originally announced on
September 27, 2021, with Aurwest Resources Corporation (TSXV: AWR) (“Aurwest”) whereby Pacific Empire
sold its 50% interest in the Stars Property, a copper porphyry project, covering 2,136 hec tares contiguous to
Aurwest's Stellar Property in central British Columbia.
“We are excited to have completed this transaction which provides PEMC with a 2% Net Smelter Return on the
Stars Property in addition to receiving a cash payment that strengthens our treasury,” commented Brad Peters,
President and CEO of Pacific Empire.
Acquisition Terms
PEMC sold 50% interest in the Stars Property to Aurwest pursuant to the terms of a purchase agreement dated
September 27, 2021 . Terms of the transaction included a purchase price payable to PEMC consisting of a cash
payment of C$350,000 and the grant to PEMC of a 2% net smelter return royalty (the “NSR”) on all minerals
produced from the Stars Property. Aurwest shall have the right to repurchase at any time one per cent of the NSR
(1.0%) for consideration of C$1,000,000. The transaction closed on September 30, 2021.
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The Stars Property
The Stars Property consists of three mineral tenures (2,136 ha), located in the Omineca Mining District, located
approximately 65 km southwest of Houston, British Columbia. The Property is located at UTM coordinates 612,900
mE and 6,010,400 mN, on NTS map sheet 093L / 03 and can be accessed by all-season forest roads, including the
Chisholm Mainline FSR, which runs directly through the southern portion of the Property.
The area comprising and surrounding the Stars property has been explored intermittently since the early 1970’s.
Historical exploration consisted of mapping, sampling, prospecting, airborne and ground magnetic surveys, Induced
Polarization surveys, and several reverse circulation and diamond drilling programs.
Qualified Person
Thomas Hawkins, P.Geo., Vice President of Exploration for the Company, serves as a qualified person as defined
by NI 43-101 and has reviewed the scientific and technical information in this news release, approving the
disclosure herein.
About Pacific Empire
Pacific Empire is a copper exploration company based in Vancouver, British Columbia and trades on the TSX
Venture Exchange under the symbol PEMC. The Company’s strong portfolio of gold-enriched copper projects in
British Columbia, is the culmination of perseverance through one of the longest bear markets in the resource
industry.
British Columbia is a “Green” copper jurisdiction with abundant hydroelectric power, access and infrastructure in
close proximity to the end market.
ON BEHALF OF THE BOARD,
“Brad Peters”
President and Chief Executive Officer
Pacific Empire Minerals Corp.
Tel: +1-604-356-6246
www.pemcorp.ca
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Venture Exchange) accepts responsibility for the adequacy or accuracy of this rele ase.
Forward-Looking Statements
Information set forth in this news release may involve forward-looking statements under applicable securities laws. Forward-
looking statements are statements that relate to future, not past, events. In this context, forward-looking statements often
address expected future business and financial performance, and often contain words such as "anticipate", "believe", "plan",
"estimate", "expect", and "intend", statements that an action or event "may", "might", "could", "s hould", or "will" be taken or
occur, or other similar expressions. All statements, other than statements of historical fact, included herein including, wit hout
limitation are forward -looking statements. By their nature, forward -looking statements involve k nown and unknown risks,
uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be
materially different from any future results, performance or achievements expressed or implied by such fo rward-looking
statements. Such factors include, among others, the following risks: the need for additional financing; operational risks
associated with mineral exploration; fluctuations in commodity prices; title matters; environmental liability claims and
insurance; reliance on key personnel; the potential for conflicts of interest among certain officers, directors or promoters with
certain other projects; the absence of dividends; competition; dilution; the volatility of our common share price and volume
and the additional risks identified the management discussion and analysis section of our interim and most recent annual
financial statement or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations.
Forward-looking statements are made based on management's beliefs, estimates and opinions on the date that statements are
made, and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions
or other circumst ances should change, except as required by applicable securities laws. Investors are cautioned against
attributing undue certainty to forward-looking statements.