Royal ROAD Minerals Announces Appointment of Director, Management Change and Incentive Stock Option Grant
PRESS RELEASE
PRESS RELEASE
ROYAL ROAD MINERALS ANNOUNCES APPOINTMENT OF DIRECTOR, MANAGEMENT
CHANGE AND INCENTIVE STOCK OPTION GRANT
February 21, 2017 – Toronto, Ontario: Royal Road Minerals Limited (TSXV:RYR) (the “Company”) a
gold focused mineral exploration and development company, announces that it has appointed
Daniel De Narvaez to the Board of Directors, that Iván Devía has moved to the position of Vice
President Operations and that it has granted incentive stock options to purchase an aggregate of
4,360,000 ordinary shares of the Company to certain officers, employees and consultants of the
Company pursuant to the Company’s stock option plan. The options are exercisable until February
17, 2019 at a price of $0.15 per share and shall vest as to 30% of the options, 60 days from the grant
date; as to a further 30% of the options, 90 days from the grant date; and as to the remainder of the
options, 120 days from the grant date.
The Company is pleased to announce the appointment of Daniel De Narvaez as a Director of the
Company. Daniel is based in Bogotá, Colombia. Daniel has a B.S. in Mining Engineering from the
Colorado School of Mines and a Diploma in Negotiating Strategies from the Universidad de Los
Andes in Bogota. Daniel has worked extensively in mining and socio‐political aspects of mining in
Colombia and throughout the America’s. During the past five years Daniel has been the Executive
Director of Exploraciones Oceanicas S de RL de CV, managing the exploration work and permitting
of the Don Diego offshore phosphate deposit in the Pacific coast of Mexico’s Baja California
peninsula.
Iván Devía has been with the Company since it commenced operations in Colombia in 2015. We are
pleased to announce that Ivan will now move to the post of VP‐Operations overseeing the
Company’s activities in Colombia and elsewhere throughout Latin America. Iván is an international
logistics, risk‐management and community engagement specialist with 15 years of experience in
Latin America and the Middle East. He is a graduate in Human Rights and International
Humanitarian Law at the University of Nueva Granada in Colombia. Iván spent 6 years with B2 Gold
Colombia as Health, Safety and Security Manager and was Operations and Security Center Manager
with AngloGold‐Ashanti in Colombia.
“These appointments come at a crucial time in the Company’s evolution,” said Dr Tim Coughlin,
Royal Roads President and CEO. “With the evolving peace process in Colombia our activities have
expanded and the focus has somewhat shifted. As well as increasing our interest in the region of the
La Golondrina and Redención projects, we are now conducting more regional exploration over
highly prospective areas, engaging more closely with the Colombian authorities and their post‐
conflict aspirations, and adopting a more innovative and sustainable approach to engaging
communities and other regional stakeholders. Both Daniel and Iván bring unique skills and
invaluable experience in regards to all aspects of Royal Road’s work in Colombia and elsewhere in
Latin America. They will no doubt be crucial in Royal Road’s success as the Company enters this
important new chapter in its development.”
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.
Cautionary statement:
This news release may contain certain information that constitutes forward‐looking statements. Forward‐
looking statements are frequently characterized by words such as “plan,” “expect,” “project,” “intend,”
“believe,” “anticipate” and other similar words, or statements that certain events or conditions “may” or
“will” occur and include statements regarding the Offering and the use of proceeds therefrom. Forward‐
looking statements are based on the opinions and estimates of management at the date the statements are
made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events
or results to differ materially from those projected in the forward‐looking statements. These factors include
the inherent risks involved in the hiring and retention of directors and officers, exploration and development
of mineral properties, mine site planning and development, the uncertainties involved in interpreting drilling
results and other geological data, fluctuating metal prices, permitting and licensing and other factors
described above and in the Company’s most recent annual information form under the heading “Risk
Factors”, which has been filed electronically by means of the Canadian Securities Administrators’ website
located at www.sedar.com. The Company disclaims any obligation to update or revise any forward‐looking
statements if circumstances or management’s estimates or opinions should change. The reader is cautioned
not to place undue reliance on forward‐looking statements.
For further information please contact:
Dr. Tim Coughlin
President and Chief Executive Officer
USA‐Canada toll free 1800 6389205
+44 (0)1534 887166
+44 (0)7797 742800