Searchlight Resources Announces Appointment of Alf Stewart and Peter A. Ball to Board of Directors
TSXV: SCLT
Suite 408 – 1199 West Pender Street • Vancouver, B.C. • V6E 2R1
TEL (604) 331-9326 • FAX (604) 684-9365
Searchlight Resources Announces Appointment of
Alf Stewart and Peter A. Ball to Board of Directors
Vancouver, British Columbia, June 1st, 2020 - Searchlight Resources Inc. (“Searchlight”
or the “Company”)(TSX.V: SCLT; US: CNYCF) is pleased to announce the appointment of Alf
Stewart and Peter A. Ball to the Searchlight Board of Directors.
I am excited to welcome Alf and Peter to Searchlight ’s board of directors , at this strategic
point in Searchlight’s advancement of its mineral projects . Alf brings the extensive
experience in both the capital markets , and the evaluation and financing of mineral projects
that will be key to Searchlight ’s continued evolution in this robust gold market. Peter’s
many years in the capital markets and mining industry, including working and living in
LaRonge and Flin Flon areas, is known to bring an energy level and dynamic leadership
style, that will be key to assisting the Company broaden its market presence and provide
key traction in the investment community ,” commented Stephen Wallace , President and
CEO of Searchlight Resources . “This is a key turning point in the advancement of
Searchlight’s English Bay and Bootleg Lake gold projects in Saskatchewan, Canada . With
gold trading at the highest price in Canadian dollars in Canadian history, w e are excited to
not only build out the team for the Company, but get boots on the ground to commence
exploration and highlight to the market two clearly exciting high -grade gold development
opportunities, where both projects are next to a highway, near su rface with extensive
infrastructure in Canada’s #1 mining location according to the Fraser Institute. ”
Alfred (Alf) Stewart, B.SC. Geology, MBA, has a career spanning over 40 years in the
resource and investment industries. Mr. Stewart’s career includes time spent as a
geologist, stock exchange regulator, investment banker, analyst and investment advisor.
Mr. Stewart has worked for such firms as Bank of Montreal, Esso Minerals, Erickson Gold
Mining, Canaccord Capital, Haywood Securities, Golden Capital, a nd Raymond James. He
has been involved in financing mining companies for over twenty-five years, including
discoveries in the base and precious metals sectors.
In addition to joining the Board of Director s, Mr. Stewart will become Searchl ight’s VP of
Corporate Development to lead capital financing, taking on a key role in strategic direction
of the Company and become the Company’s spokesperson to the financial community
(analysts, brokers, individual investors and news media).
Mr. Ball br ings close to 30 years of experience as a mining professional at all levels of
leadership. Throughout Mr. Ball’s career, he has held various senior management roles
with international precious metals mining companies in corporate finance, securities
trading, mine engineer ing, business development, corporate communications, public
relations and marketing functions worldwide. Mr. Ball began his career in the late 1980s
working as a mining engineer, a technical representative, and in various management and
senior executive ro les for numerous companies including Redstar Gold, Columbus Gold,
Hudson Bay Mining & Smelting, Echo Bay Mines Ltd., RBC Dominion Securities, Eldorado
Gold Corp., Adriana Resources Inc., and Argentex Mining Corp. Mr. Ball is currently
President, CEO and Di rector of NV Gold Corporation, is a graduate of the Haileybury
School of Mines, Georgian Business College, UBC’s Canadian Securities Course , and is a
member of CIMM.
“Peter and I have been involved in raising over $200 million for mining c ompanies and we
look forward to working with a veteran gold geologist, Stephen Wallace, and his team of
mining professionals.” commented Alf Stewart.
The Company announces that it h as granted incentive stock options to officers, directors
and consultants under its Stock Option Plan entitling them to purchase an aggregate of up
to 5,150,000 common shares of the Company. The stock options are exercisable on or
before May 29th, 2025 at a price of $0. 05 per share, subject to TSX Venture Exchange
acceptance.
About Searchlight Resources Inc.
Searchlight Resources Inc. is a Canadian mineral exploration and development company listed
on the Toronto Venture Exchange (TSX-V: SCLT). The corporate strategy of the company is:
• to explore and develop opportunities in safe, low risk jurisdictions. The Company is
focused on Saskatchewan, which the Fraser Institute ranks as the top jurisdiction in Canada for
mining investment.
• to acquire high quality projects, close to infrastructure, focusing on road access
• to work closely with stakeholders, including First Nations, Metis, local and provincial
governments, and local contractors to advance mineral exploration and development in a safe
and environmentally sound manner.
Searchlight Resources is focused primarily on two advanced high-grade gold projects
1) English Bay, targeting a high-grade gold deposit with open pit and underground potential
located 10 kilometers north of LaRonge, Sask.
2) Bootleg Lake, an opportunity for multiple high-grade gold mines to feed a single centralized
mill, located 5 kilometers from Flin Flon in Saskatchewan.
In addition, Searchlight continues to evaluate and systematically acquire quality mineral
exploration projects throughout Saskatchewan and has a portfolio of gold, cobalt, copper,
vanadium and specialty metal projects from grassroots stage to advanced exploration and NI43-
101 resource development.
On behalf of the Board of Directors,
“Stephen Wallace”
SEARCHLIGHT RESOURCES INC.
Stephen Wallace, President, CEO and Director
Contact: Searchlight Resources Inc.
Investor Relations
(604) 331-9326
Forward-Looking Statements
Information set forth in this news release contains forward-looking statements that are based on
assumptions as o f the dat e of this news release . These statements reflect managemen t’s
current estima tes, beliefs, intentions and expectations. They are not guarantees of future
performance. The Company cautions that all forward looking st atements are inherently
uncertain and that actual performance may be affected by a number of material factors, many of
which are beyond the Company’s control. Such factors include, among other things: risks and
uncertainties relating to the Company’s limited operating history and t he need to comply with
environmental and governmental regulations. Accordi ngly, actual and f uture events, conditions
and results may differ materially from the e stimates, beliefs, intentions and expectations
expressed or implied i n the forward-looking information. Except as required under appl icable
securities legislation, the C ompany undertakes no obligation to publicly update or revise
forward-looking information.
NEITHER TSX VENTURE EXCHANGE N OR ITS REGULATION SERVICES PROVIDER (AS
THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXC HANGE)
ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.