Solstice Gold Appoints Mike Timmins as CEO
Solstice Gold Appoints Mike Timmins as CEO
VANCOUVER, British Columbia, October 19, 2021 -- Solstice Gold Corp. (TSXV: SGC) (“ Solstice”, “we”, “our” or the
“Company”) is pleased to announce that industry veteran Mike Timmins has been appointed as C hief Executive
Officer of Solstice, effective October 18, 2021. Mike will continue to be a director of Solstice and will be based in
Toronto, Ontario.
Mike is a mining executive with over 24 years of technical and corporate development e xperience at Agnico Eagle
and Placer Dome. Mr. Timmins has extensive project experience in acquisitions and numerous strategic investments
into the junior mining space as well as having worked in various operational capacities in the Red Lake camp for
Placer Dome. Mr. Timmins is a graduate of Queens University ( EMBA), the University of British Columbia (M.Sc.)
and Bishops University (B.Sc.).
The Board of Directors is very pleased to welcome Mike to the Company. He brings a wealth of technical, capital
markets and corporate development experience to Solstice. Mike has the project leadership skills necessary to build
out our business plan which seeks to drive shareholder value through discovery on our two 100% owned projects
in Red Lake, Ontario and our KGP project next to Meliadine in Nunavut . In addition, he possesses the corporate
development expertise to maximize the value of our recently acquired royalty and property portfolio*.
This new acquisition includes 45 projects currently optioned to third parties providing cash and share payments to
Solstice and which, at payback, is expected to lead to the ownership of royalty interest on all projects at no cost .
Mike will also leverage his demonstrated ability to drive new business by capitalizing on the many opportunities
from within the portfolio.
*For more information on our recent portfolio acquisition see:
https://solsticegold.com/news-releases/2021/solstice-gold-announces-transformative-acquisition-of-
extensive-portfolio-of-royalty-and-property-interests-in-ontario-and/
“I’m very excited to be joining a team with strategic land position, in two of the most prolific gold districts in Canada.
The under-explored, greenstone extensions of the Red Lake Camp and the emerging Meliadine Gold Camp are low
risk, highly prospective regions where a management team with actionable knowledge, direct camp experience and
a track record of discovery can operate in effectively . Shareholders of Sols tice are well positioned to benefit from
the raw potential of our projects, value generation from our royalty and property portfolio and the market
excitement of pure exploration drilling” stated new CEO, Mike Timmins.
The Company also announces that Mart y Tunney will step down as President of the Company to pursue other
endeavours but will continue to provide valuable transition and consulting services to Solstice on an ongoing basis.
Marty is a founding member of Solstice and has played in a signific ant role in the management of the Company to
date and remains committed to the success of the Company going forward. We wish him well in his future
endeavours and look forward to his continuing involvement with Solstice.
Grant of stock options
In connection with Mr. Timmins appointment, pursuant to Solstice's stock option plan, the Company will issue to
him 1,200,000 stock options expiring in 5 years, effective today and priced as of close of business October 18,
2021, vesting over two years as follows: one third vesting immediately, one third after one year and one third
after two years.
Mr. Timmins recently invested C$100,000 and purchased 1,000,000 shares in the Company's proposed non-
brokered private placement which closed October 5, 2021.
About Solstice Gold Corp.
Solstice is a gold exploration company focused on advancing our high-quality projects in the top mining jurisdictions
in Canada. Our 55 km 2 Red Lake Extension project along with the combined 96 km 2 Taillon, Moreau and Berens
projects are located on the north end of the prolific Red Lake Gold District in Ontario. Our district scale KGP project
covers 886 km 2 with certain other rights covering an adjacent 683 km 2, all with no underlying option or earn in
payments. KGP has seen over $12MM dollars invested to date on significant field work, the identification of a 10
km2 gold boulder field and the p reparation of multiple drill-ready targets. KG P is located in Nunavut, only 26 km
from Rankin Inlet and approximately 7 km from the Meliadine gold deposits owned by Agnico Eagle Mines Limited.
The Company is committed to responsible exploration and development in the communities in which we work. For
more details on Solstice Gold, our exploration projects and details on our recently acquired portfolio of projects
please see our Corporate Presentation available at www.solsticegold.com.
Neither 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.
On Behalf of Solstice Gold Corp.
David Adamson, Ph.D.
Chairman
For further information please visit our website at www.solsticegold.com or [email protected]
Phone: (604) 283-7234
Forward Looking Statements
This news release contains certain forward -looking statements (“FLS”) including, but not limited to the Company’s
expectations, intentions, plans and beliefs in connection with the Company’s planned exploration activities, and the expected
benefits and returns to the Company following the acquisition. FLS can often be identified by forward-looking words such as
“approximate or (~)”, “emerging”, “goal”, “plan”, “intent”, “estimate”, “expects”, “potential”, “scheduled”, “may” and “will”
or similar words suggesting fut ure outcomes or other expectations, beliefs, plans, objectives, assumptions, intentions or
statements about future events or performance. There is also no guarantee that continued exploration at Solstice exploration
projects, all of which are at an early stage of exploration, will lead to the discovery of an economic gold deposit. Factors that
could cause actual results to differ materially from any FLS include, but are not limited to, failure of the Company to raise
sufficient proceeds in the financing to satisfy the purchase price of the portfolio acquisition, failure of the Company to obtain
TSX Venture Exchange approval on terms acceptable to the Company or at all, the future impacts of the COVID 19 pandemic
and government response to such pandemic, the ability of the Company to continue exploration at its projects during the
pandemic and the risk of future lack of access to the projects as a result thereof, delays in obtaining or failures to obtain
required governmental, environmental or other project a pprovals, inability to locate source rocks, inflation, changes in
exchange rates, fluctuations in commodity prices, delays in the development of projects, regulatory approvals and other
factors. FLS are subject to risks, uncertainties and other factors tha t could cause actual results to differ materially from
expected results.
Potential shareholders and prospective investors should be aware that these statements are subject to known and unknown
risks, uncertainties and other factors that could cause actual results to differ materially from those suggested by the FLS.
Shareholders are cautioned not to place undue reliance on FLS. By their nature FLS involve numerous assumptions, inherent
risks and uncertainties, both general and specific, that contribute to the possibility that the predictions, forecasts, projections
and various future events will not occur. Solstice undertakes no obligation to update publicly or otherwise revise any FLS
whether as a result of new information, future events or other such factors which affect this information, except as required
by law.
This news release contains information with respect to adjacent or other mineral properties in respect of which the Company
has no interest or rights to explore or mine or acquire. Readers are cautioned that mineral deposits on adjacent or similar
properties are not indicative of mineral deposits on the Company’s properties, nor is there certainty that Solstice’s projects
will contain economic mineralization. This news release mentions other companies that are unrelated to Solstice, and this does
not imply any agreements, partnerships or rights with respect to any of these companies or their properties other than where
explicitly defined. Past performance is no guarantee of future performance, and all investors are urged to consult their
investment professionals before making an investment decision.