Red Pine Exploration Publishes First Annual ESG Report and Engages Hybrid Financial
Red Pine Exploration Publishes First Annual ESG Report
and Engages Hybrid Financial
TORONTO, ONTARIO – March 14, 2022 - Red Pine Exploration Inc. (TSXV: RPX,
OTCQB: RDEXF) (“Red Pine” or the “Company”) is pleased to announce the publication
of its inaugural 2021 Environmental, Social and Governance ( “ESG”) Report. Related
information regarding the Company’s governance, risk management, commitments and
performance are outlined within this report. The report marks an important milestone for
the Company as it seeks to establish itself as a sustainable growth player in the mineral
exploration sector in the Michipicoten Greenstone Belt of Ontario and create a resilient
future operation as the Wawa Gold Project drilling program expands.
Red Pi ne’s inaugural ESG report will focus on sustainable reporting, enhancing our
relations within the community and Indigenous partners, promoting diversity within our
employees and corporate governance. The Company’s ESG report will be a valuable tool
for investors and stakeholders, as they review Red Pine’s key material ESG topics. The
2021 ESG Report has been made available to the public on the Company’s website,
found under the Reports section, and linked here: https://www.redpineexp.com/reports
Red Pine’s Y2021 ESG Report highlights significant progress achieved by the Company
during the past year and future benchmarks, including:
• Red Pine is currently involved i n Surface Water Monitoring in the Parkhill and
Darwin-Grace areas of the property for any run -off that may enter Trout Creek or
eventually into the Michipicoten River System.
• Red Pine has a mutually agreed upon consultation process to identify
adverse impacts to Aboriginal and treaty rights , and engage with respect to
accommodation, with an aim to establish a mutually beneficial, positive,
and productive relationship.
• The Company’s objective is to develop a mutually beneficial and respectful
relationship with local communities within the direct area of interest of the mineral
concessions in Wawa.
• Red Pine is currently in the process of completing a Mine Closure Plan. Under this
Closure Plan , the Company is in the monitoring stage of vegetation and
lake biodiversity. The current Wawa Gold Project is a brownfield site with 8 historic
gold mines on the property dating back to the late 1800's.
“The initiation of the ESG process was a crucial aspect of Red Pine’s vision, as we commit
ourselves to operating responsibly and remain accountable to the highest environmental,
social and governance standards. The Company is proud of its substantial first efforts to
disclose our practices and performance in ESG in a formal contex t as we continue to
competently advance our exploration program at the Wawa Gold Project .” – Quentin
Yarie, President and CEO Red Pine Exploration.
Furthermore, Red Pine is pleased to announce that it has retained Hybrid Financial Ltd.
(“Hybrid”) to provide marketing services to the Company. Hybrid has been engaged to
heighten market and brand awareness for Red Pine and to broaden the Company's reach
within the investment community.
Hybrid has agreed to comply with all applicable securities la ws and the policies of the
TSX Venture Exchange (the “TSXV”) in providing the Services. Hybrid has been engaged
by the Company for an initial period of 12 months starting, March 15th, 2022 (the “Initial
Term”) and then shall be renewed automatically for successive 6-month periods
thereafter, unless terminated by the Company in accordance with the Agreement. Hybrid
will be paid a monthly fee of $15,000, plus applicable taxes, during the Initial Term.
In addition, Red Pine has engaged Haywood Securities Inc. ("Haywood") for its market-
making service to aid in maintaining an orderly trading market for the common shares of
the company.
The market -making service will be undertaken by Haywood to provide market
stabilization and liquidity services in respect of Red Pine's listed securities. Under the
market making services agreement Haywood will affect trading, on a reasonable best-
efforts basis, of the Company's securities in a manner intended t o correct temporary
imbalances in their supply and demand. Haywood will provide such services in
compliance with the applicable policies of the TSX Venture Exchange and other
applicable laws. For its services, the Company has agreed to pay Haywood $5,000 per
month for a minimum period of 12 months, subject to earlier termination. The agreement
may be terminated at any time by the Company or Haywood provided that the terminating
party provides 30 days' prior written notice of such intention to terminate.
The Company and Haywood act at arm's length, and Haywood has no present interest,
directly or indirectly, in the Company or its securities except that its clients and members
of its pro group may own shares of the Company from time to time. The finances and the
shares required for the market-making service are provided by Haywood, an arm's length
party to the Company. The fee paid by the Company to Haywood is for services
only. Haywood's head office is located in Vancouver, British Columbia at Suite 700
Waterfront Center, 200 Burrard Street.
COVID-19 Precautions
Red Pine has developed and implemented compliant precautions and procedures
according to guidelines for the Province of Ontario. Protocols were put in place to ensure
our employees’ and contractors’ safety, thereby reducing the potential for community
contact and spreading of the virus.
About Red Pine Exploration Inc.
Red Pine E xploration Inc. is a gold exploration company headquartered in Toronto,
Ontario, Canada. The Company's common shares trade on the TSX Venture Exchange
under the symbol "RPX" and on the OTCQB Markets under the symbol “RDEXF”.
The Wawa Gold Project is in the Michipicoten Greenstone Belt of Ontario, a region that
has seen major investment by several producers in the last five years. Its land package
hosts numerous historic gold mines and is over 6,900 hectares in size. The Company’s
Chairman of the Board is P aul Martin, the former CEO of Detour Gold. The Board has
extensive and diverse experience at such entities as Alamos, Barrick, Generation Mining,
Detour Gold and Paramount Gold Nevada Corp. Led by Quentin Yarie, CEO, who has
over 25 years of experience in mineral exploration, Red Pine is strengthening its position
as a major mineral exploration and development player in the Michipicoten region.
For more information about the Company, visit www.redpineexp.com
Or contact:
Quentin Yarie, President and CEO, (416) 364-7024, [email protected]
Or
Tara Asfour, Investor Relations Manager, (514) 833-1957, [email protected]
1 National Instrument 43-101 Technical Report for the Wawa Gold Project, Brian Thomas
P.Geo. Golder Associates Ltd, report effective August 18, 2021.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is
defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy
or accuracy of this release.
This News Release contains forward-looking statements. In some cases, you can identify
forward-looking statements by terminology such as "may", "should", "expects", "plans",
"anticipates", "believes", "estimates", "predicts", "potential" or "continue" or t he negative
of these terms or other comparable terminology. These statements are only predictions
and involve known and unknown risks, uncertainties and other factors that may cause our
or our industry's actual results, levels of activity, performance or a chievements to be
materially different from any future results, levels of activity, performance or achievements
expressed or implied by these forward-looking statements.
Although the Company believes that the assumptions and factors used in preparing the
forward-looking information in this news release are reasonable, undue reliance should
not be placed on such information, which only applies as of the date of this news release.
The Company disclaims any intention or obligation to update or revise any forw ard-
looking information, whether as a result of new information, future events or otherwise,
other than as required by law.