Melior Strengthens Board with Appointment of Financial Executive with 20 Years of Industry Experience and Grants Options to Executive Management Team
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OR FOR DISSEMINATION IN THE UNITED STATES OF AMERICA
NEWS RELEASE
MELIOR STRENGTHENS BOARD WITH APPOINTMENT OF FINANCIAL EXECUTIVE WITH 20 YEARS
OF INDUSTRY EXPERIENCE AND GRANTS OPTIONS TO EXECUTIVE MANAGEMENT TEAM
Toronto, Ontario, February 13, 201 7 – Melior Resources Inc . (TSXV: “MLR”) (“Melior” or the “Company”)
announced that , subject to the approval of the TSX Venture Exchange, Rishi Tibriwal has be en appointed to the
Company’s Board of Directors (the “Board”) as an independent director effective immediately. Mr. Tibriwal has
also been named Chairman of the Corporation’s Audit Commit tee as well as a member of the Corporation’s
Nomination and Compensation Committee.
Based in Toronto, Mr. Tibriwal brings more than 20 years of accounting and finance experience as well as broad
experience in the resources sector. Mr. Tibriwal is a chartered accountant and earned an MBA in Finance from
Newport University. Mr. Tibriwal is also a graduate from Mumbai University and spent 10 years at Ernst &
Young, with the last four years as a partner before setting up his own fina ncial consulting services group. Mr.
Tibriwal was also formerly the chief financial officer of Carpathian Gold Inc. and Gravitas Financial Inc.
“I am delighted that Rishi has accepted our offer to join the Board and have no doubt his specific capability a nd
thinking wil l enhance the Board’s operation,” said Ch arles Entrekin, Melior’s Chairman.
In addition, a fter having been suspended for over 12 months, Melior announced that the remuneration of its non-
executive directors will recommence. Mr. Tibriwal’s remuneration package includes a director’s fee of
CDN$22.5k per annum (including committee fees), along with the allocation of 1.25 million options. Martyn
Buttenshaw’s remuneration will be the same as that described above for Mr . Tibriwal, adjusted for committee
fees, and Ch arles Entrekin, as Chairman of th e Board, will receive CDN$25k per annum and will be allocated 2
million options on the same terms and conditions.
Melior also announced the issue of options to employees under the currently approved Em ployee Stock Option
Plan. Melior’s CEO, Mr. Mark McCauley , has been issued 5 million options and Melior’s CFO, Jonathon
Mattiske, has been issued 2 million options.
All options described in this announcement will be issued under Melior’s existing Employee Stock Option Plan
and have a strike price of CDN$0.06/share and a term of 3 years. One third of the options can be exercised after
6 months of issuance, one third after 18 months of issuance , and one third after 30 months of issuance . These
packages are intended to remain fixed for a per iod of three years, unless the B oard deems there to be a sufficient
change in scope of the role to warrant an adjustment. These packages have been structured to closely ali gn the
CEO and the CFO with the B oard and with shareholders , and provides a material upside to the executives in the
event of a successful share price appreciation.
About Melior
Melior is the owner and operator of the Goondicum mine, a past -producing ilmenite and apatite mine strategically
located in Queensland Australia. Further details on Melior and the Goondicum mine can be found at
www.meliorresources.com and regulatory filings are available on SEDAR.
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Melior is incorporated under the provisions of the Business Corporations Act ( British Columbia ) and has a
registered office in Toronto, Ontario. Melior is classified as a Tier 1 Mining Issuer under the policies of the TSX
Venture Exchange.
For further information please contact:
MELIOR RESOURCES INC.
Mark McCauley
Chief Executive Officer
+61 7 3233 6300
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.
Forward Looking Statements Disclaimer
Certain information contained in this news release constitutes forward looking information under the provisions of
Canadian securities laws. Forward-looking statements are statements that are not historical facts and are generally,
but not always, identifi ed by the use of forward -looking terminology such as "plans", "expects", "is expected",
"budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", “projects”, “potential”, "believes" or
variations of such words and phrases or statements tha t certain actions, events or results "may", "could", "would",
“should”, "might" or "will” be taken, "occur" or "be achieved" or the negative connotation. Information provided
in this document is necessarily summarized and may not contain all available mate rial information. These forward-
looking statements are made as of the date of this news release, and Melior assumes no obligation to update or
revise them to reflect new events or circumstances, unless otherwise required by law.