Confederation Minerals Ltd. Enhances Management Team Appoints Carl Hering as new President & CEO
CONFEDERATION MINERALS LTD.
Suite 1980, 1075 West Georgia Street,
Vancouver, British Columbia, V6E 3C9
Tel: 604 688 9588; Fax: 778 329 9361
May 23, 2017 TSX-V Symbol: CFM
Confederation Minerals Ltd. Enhances Management Team
Appoints Carl Hering as new President & CEO
Vancouver, British Columbia, Canada, Confederation Minerals Ltd. (TSX-V: CFM) (“ Confederation” or the
“Company”) is pleased to announce the appointment of Dr. Carl Hering as the new President and CEO of the
Company. Dr. Hering will succeed Lawrence Dick, who has resigned for personal reasons.
Dr. Hering is a geologist with over 35 years of divers ified technical and manageri al experience in mineral
exploration and corporate development worldwide. He has experience in all aspects of exploration from
generative to advanced projects, nego tiations, acquisition evaluation, mine a nd corporate valuation, management,
strategic planning and new program design and implementation. Most r ecently, Dr. Hering has worked for
numerous clients as an independent consultant evalua ting advanced exploration opportunities and operating
mines. He previously worked in senior exploration and corporate development positions for both Noranda
Exploration and Placer Dome Inc. (1978 – 1996). From 1997 to 1999 he was Vice President Corporate
Acquisitions for Bema Gold Corporation. Other than 2006, when he held the position of Senior V. P. Exploration
and Business Development for Rio Narcea Gold Mines, he has been an independent consultant and President,
CEO and Director of several public companies. During his 35 year career, he has led teams that have discovered
more than 20M ounces of Au. As Director and Technical Advisor for Brett Resources, he acquired and advanced
the Hammond Reef Project in Ontario; Brett was u ltimately purchased by Osisko Mining. Hammond Reef
contains more than 10M ounce of Au.
Dr. Lawrence Dick was a Director of the Company since 2006 and President and CEO of CFM since 2009. Dr.
Dick coordinated the advancement of the Company’s Ne wman-Todd Property in the Red Lake District, Ontario
where 40% of the drill holes intercepted > 1 meter of > 20 g/t Au. We would all like to thank Larry for his
devotion, energy and commitment to his role while at th e helm of CFM. David Velisek, a director of the
company, has assumed the role of Chairman of the Board.
In addition to being the newly appointed President and CE O, Dr. Hering will join the Board of Directors of CFM
along with newly appointed Director Ron Stewart. Mr. Stewart is a mining professional with over 30 years of
international experience in exploration, project devel opment, operations and the capital markets. In December
2016, Mr. Stewart was appointed President and CEO of Eros Resources Corp., a junior resource exploration
company focused on the acquisition, exploration and de velopment of resource projects in the Americas. More
recently he has been appointed as Interim President, CE O and Director of Beaufield Resources. Prior to these
roles, Mr. Stewart spent eight years in the capital markets industry as a top ranked equity analyst and investment
banker: Managing Director, Mining Research at Dundee Ca pital Markets; Managing Director, Mining Equity
Research at Macquarie Capital Markets (Canada) Lt d.; Managing Director, Investment Banking at Clarus
Securities Inc.; and Senior Mining Analyst at Dundee Cap ital Markets. He also served as President and CEO of
Verena Minerals Ltd. which later was renamed Belo Sun Mining. Prior to that, he wo rked five years as Executive
Vice President of Exploration for Kinross Gold Corp. following a sixteen year career with Placer Dome Inc.
On behalf of the Board of Directors,
Confederation Minerals Ltd.
“David Velisek”
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David Velisek
Director
CORPORATE INQUIRIES
Confederation Minerals Ltd.
Suite 1980, 1075 West Georgia Street
Vancouver, B.C.
604.688.9588
www.confederationmineralsltd.com
About CFM
Confederation Minerals Ltd. is a British Columbia based company engaged in the business of acquisition,
exploration and development of mineral properties. Its objective is to locate and develop economic precious and
base metals properties of merit. Confederation Minerals Ltd. owns 70% of the Newman Todd project in the Red
Lake Mining District of Northern Ontario, as well as 100% ownership in another property in the Red Lake Mining
District of Ontario.
Neither 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.