Signature Resources Appoints GOLD MINE Veteran Robert Vallis as Chief Executive Officer
TSXV-SGU OTCQB-SGGTF FSE-3S3
366 BAY STREET, SUITE 200, TORONTO, ONTARIO M5H 4B2
www.signatureresources.ca
14566892.2
SIGNATURE RESOURCES APPOINTS GOLD MINE VETERAN ROBERT VALLIS AS CHIEF EXECUTIVE
OFFICER
- Former Yamana and Barrick Executive to lead Signature Resources -
Toronto, Ontario, November 12, 2020. Signature Resources Ltd. (TSXV: SGU, OTCQB: SGGTF, FSE 3S3)
("Signature" or the "Company") is pleased to announ ce the appointment of Robert Vallis as President,
CEO, and Director.
Robert Vallis is an accomplished senior leader and business professional with broad and progressive
career developed over 25 years in the mining sector . Mr. Vallis brings to Signature a wide breadth of
business and technical experience across multiple a reas including corporate development, strategy and
planning, business/transaction development and exec ution, project and team management, financial
evaluations, enterprise continuous improvement and mine Engineering/operations. Mr. Vallis most
recently was the SVP Corporate Development with Golden Star Resources. Before this, Mr. Vallis was with
Yamana Gold as a Business Development executive for nearly nine years working on transactions such as
the C$3.9 Billion joint acquisition of Osisko for 5 0% of Canada’s largest operating gold mine, and the
US$395 Million acquisition of Extorre Gold Mines Lt d. for Cerro Morro (now Yamana’s highest grade
operating mine). Prior to Yamana, Mr. Vallis was w ith Barrick Gold for 15 years in multiple global
jurisdictions and roles spanning from global Evaluations & Corporate Development, Capital Projects, Mine
Engineering & operations, and global Continuous Imp rovement. Most notably, Mr. Vallis worked on the
successful US$10.4 Billion acquisition of Placer Do me, a transformative deal for Barrick and one of
Canada’s largest mining M&A transactions. Mr. Vall is holds a Bachelor of Engineering degree with
Dalhousie University in Mine Engineering, a Master of Business Administration degree with the University
of Toronto’s Rotman School of Management and is a r egistered Professional Engineer in the Province of
Ontario.
“I am very pleased and excited to have joined Signa ture Resources as President, CEO, and
Director. The remarkable quality of the Company’s entire team and the high-grade Lingman
Lake gold project present a significant opportunity to the Company and its shareholders with
exceptional potential for rapid value growth. The Lingman Lake gold project is an extensive
land package residing near Canada’s premier gold mi ning district, rich with high-grade gold
production, resource potential, and valued stakehol der participation. Resulting from the
vision, unique talents, and hard work of Signature’s founding members, Signature is uniquely
positioned for focused and disciplined growth. I look forward to working with our Board and
management leading the Signature team to deliver this value to its shareholders.”
Robert Vallis, P.Eng., MBA – President, CEO, and Director
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www.signatureresources.ca
14566892.2
“All of us at Signature are proud to have attracted an executive with the experience level that
Robert has. His acceptance of the position, by his astute assessment, speaks to the quality
opportunity we have with our Lingman Lake gold proj ect to become a future gold district.
With Robert taking over the reins as the CEO; allow s me the time to concentrate on the
property as Chief Geologist, while we continue to d iscover and explore in this unique
opportunity that we have at the Lingman Lake Greenstone Belt.”
Walter Hanych – Director, Chief Geologist
Stock Options
The Company has also granted 3,000,000 incentive stock options to Mr. Vallis following his appointment.
The options shall have an exercise price of $0.07, expire five years from the date of issuance, and sh all
vest 25% immediately, and 12.5% ever six months thereafter through to the third anniversary.
About Signature
The Lingman Lake gold property consists of 622 staked claims, four free hold full patented claims and 14
mineral rights patented claims totaling approximate ly 12,148 hectares. The property hosts an historica l
estimate of 234,684 oz of gold* (1,063,904 tonnes g rading 6.86 g/t with 2.73 gpt cut-off) and includes
what has historically been referred to as the Lingm an Lake Gold Mine, an underground substructure
consisting of a 126.5-meter shaft, and 3-levels at 46-meters, 84-meters and 122-meters depths.
*This historical resource estimate is based on prio r data and reports obtained and prepared by previou s
operators, and information provided by governmental authorities. A Qualified Person has not done
sufficient work to verify the classification of the mineral resource estimates in accordance with curr ent
CIM categories. The Company is not treating the his torical estimate as a current NI 43-101 mineral
resource estimate. Establishing a current mineral r esource estimate on the Lingman Lake deposit will
require further evaluation, which the Company and i ts consultants intend to complete in due course.
Additional information regarding historical resource estimates is available in the technical report entitled,
"Technical Report on the Lingman Lake Gold Property " dated January 31, 2020, prepared by John M.
Siriunas, P.Eng. and Walter Hanych, P.Geo., available on the Company's SEDAR profile at www.sedar.com
To find out more about Signature Resources Limited, visit our website at www.signatureresources.ca , or
contact:
Jonathan Held
Chief Financial Officer
416-270-9566
Cautionary Notes
Neither TSX Venture Exchange nor its Regulation Ser vices Provider (as that term is defined in the poli cies of the TSX
Venture Exchange) accepts responsibility for the ad equacy or accuracy of this news release.
TSXV-SGU OTCQB-SGGTF FSE-3S3
366 BAY STREET, SUITE 200, TORONTO, ONTARIO M5H 4B2
www.signatureresources.ca
14566892.2
This news release contains forward-looking statemen ts which are not statements of historical fact. For ward-looking
statements include estimates and statements that de scribe the Company’s future plans, objectives or go als, including words
to the effect that the Company or management expect s a stated condition or result to occur. Forward-lo oking statements
may be identified by such terms as “believes”, “ant icipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or
“plan”. Since forward-looking statements are based on assumptions and address future events and condit ions, by their very
nature they involve inherent risks and uncertainties. Although these statements are based on information currently available
to the Company, the Company provides no assurance t hat actual results will meet management’s expectati ons. Risks,
uncertainties and other factors involved with forwa rd-looking information could cause actual events, r esults, performance,
prospects and opportunities to differ materially fr om those expressed or implied by such forward-looki ng information.
Forward looking information in this news release includes, but is not limited to, use of any private placement proceeds raised,
success of funding including closing of any propose d private placements and proceeds therefrom, accept ance of regulatory
filings by the TSX-V, the Company’s objectives, goa ls or future plans, statements, exploration results , potential
mineralization, the estimation of mineral resources , exploration and mine development plans, timing of the commencement
of operations and estimates of market conditions. F actors that could cause actual results to differ ma terially from such
forward-looking information include, but are not li mited to changes in general economic and financial market conditions,
failure to identify mineral resources, failure to c onvert estimated mineral resources to reserves, the inability to complete a
feasibility study which recommends a production dec ision, the preliminary nature of metallurgical test results, delays in
obtaining or failures to obtain required government al, environmental or other project approvals, polit ical risks, inability to
fulfill the duty to accommodate First Nations and o ther indigenous peoples, uncertainties relating to the availability and
costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rat es, fluctuations in
commodity prices, delays in the development of proj ects, capital and operating costs varying significa ntly from estimates
and the other risks involved in the mineral explora tion and development industry, and those risks set out in the Company’s
public documents filed on SEDAR. Although the Compa ny believes that the assumptions and factors used i n preparing the
forward-looking information in this news release ar e reasonable, undue reliance should not be placed o n such information,
which only applies as of the date of this news rele ase, and no assurance can be given that such events will occur in the
disclosed time frames or at all. The Company discla ims any intention or obligation to update or revise any forward-looking
information, whether as a result of new information , future events or otherwise, other than as require d by law.