Gitennes Prepares For Work On Quebec Properties, Hires Investor Relations
Suite 410 –325 Howe Street, B.C. V6C 1Z7 Tel: 604-682-7970
email: [email protected] website: www.gitennes.com
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Gitennes Prepares For Work On Quebec Properties,
Hires Investor Relations
VANCOUVER, B ritish Columbia, January 10, 2025 : Gitennes Exploration Inc. (" Gitennes" or the
"Company") - (TSXV: GIT) is pleased to provide an update on the Company’s mineral exploration
activities in Quebec and the broader plan for 2025 following successful completion of a $1.5 million private
placement that has brought strategic new investors into the Company.
Gitennes has engaged Mr. Martin Demers, P.Geo., an independent consulting geologist in Quebec who
specialized in northern Quebec geology and mineral deposits models during the last 25 years, to carry out
an immediate desktop assessment of the Company’s very promising battery metal and gold properties in
the province that Gitennes’ new management team believes have been under-explored and overlooked for
their discovery potential. Mr. Demers is expected to complete his assessment by the end of January and
will also provide recommendations for immediate work programs.
While attempting to unlock the potential value of its Quebec mineral assets, Gitennes has been evaluating
potential new resource projects as disclosed in previous recent news releases.
Mr. Jordan Potts, interim CEO, commented: “We have a highly favorable share structure, an advantage
we intend to leverage to the fullest extent, and a new board and management team committed to the
immediate and longer -term success of this Company both on the ground and in the market. 2025
promises to be an exciting year for Gitennes’ shareholders, hence this quick injection of $1.5 million into
the Company. We are focused and driven to deliver exploration success, a powerful corporate brand, and
strong value to shareholders.”
Gitennes Enters Into Investor Relations Agreement
Gitennes is also pleased to announce that it has entered into an investor relations agreement (the
"Agreement") dated January 9, 2025, with Chad Levesque Consulting ("CLC"), an arm's length party to the
Company. Pursuant to the Agreement, CLC has agreed to provide corporate and communications services
to the Company, in consideration for an aggregate amount of $6,500 per month in cash, the reimbursement
of reasonable and standard travel and other expenses incurred by CLC in connection with the services
performed thereunder, and the issuance of 1 50,000 stock options having an exercise price of $0.42 and
expiring on January 7, 2030. The stock options shall vest over 12 months with n o more than 1/4 of the
options vesting in any 3 -month period, in accordance with the terms of the Company's stock option plan.
The term of the Agreement is for a period of one year (the "Initial Term") . Following completion of the
Initial Term either Gitennes or CLC may terminate the Agreement with 30 days' notice. CLC's business
address is 27 Gillingham Cres. Prince Albert, SK S6X 0A5, email: [email protected],
telephone: Cell - 1-306-981-4753 / Office 1 -306-763-3068. Other than the stock options issued in
connection with the Agreement, CLC owns 578,000 securities of the Company.
Qualified Person
The technical information in this news release has been reviewed and approved by Mr. Martin Demer s,
P.Geo., a member of the Order of Geologists of Quebec . Mr. Demers is the Qualified Person responsible
for the scientific and technical information contained herein under National Instrument 43-101 standards.
Gitennes Exploration Inc.
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About Gitennes Exploration Inc.
The Company currently has two properties in the Sept-Iles region of Quebec where it is exploring for nickel,
niobium and tantalum , and three gold properties in the Chapais -Chibougamau area of Quebec: New
Mosher, JMW and Maxwell. All properties are 100% owned by Gitennes except for New Mosher which
is under an option agreement whereby Gitennes can earn an initial 70% and has the right to increase its
ownership to 85%.
For further information on the Company, readers are referred to the Company’s website at
www.gitennes.com and its Canadian regulatory filings on SEDAR+ at www.sedarplus.ca.
Gitennes Exploration Inc.
Jordan Potts
Interim CEO, Director
For further information, please contact:
Chad Levesque
1-306-981-4753
Email: [email protected]
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 press release contains "forward -looking information" within the meaning of applicable Canadian and United
States securities laws, which is based upon the Company's current internal expectations, estimates, projections,
assumptions and beliefs. The forward-looking information included in this press release are made only as of the date
of this press release. Such forward-looking statements and forward-looking information often, but not always, can be
identified by the use of words such as "plans", "expec ts", "potential", "is expected", "anticipated", "is targeted",
"budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or the negatives thereof or
variations of such words and phrases or statements that certain actions, eve nts or results "may", "could", "would",
"might" or "will" be taken, occur or be achieved.
The forward-looking statements included in this press release are made as of the date of this press release Gitennes
Exploration Inc. disclaim any intention or obligation to update or revise any forward-looking statements, whether as
a result of new information, future events or otherwise, except as expressly required by applicable securities
legislation.