Signature Resources Appoints John Hayes as an Advisor to Management and the Board of Directors
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SIGNATURE RESOURCES APPOINTS JOHN HAYES AS AN ADVISOR TO MANAGEMENT AND THE BOARD
OF DIRECTORS
Toronto, Ontario, January 27, 2021. Signature Resources Ltd. (TSXV: SGU, OTCQB: SGGTF, FSE 3S3)
("Signature" or the "Company") is pleased to announ ce the appointment of John Hayes as an advisor to
the Company.
John Hayes is a professional geologist with over 20 years of exploration, and many years of capital markets
experience. John worked for ten years in mining equity research at BMO Capital Markets and at the time
of his retirement in 2014 was a managing director covering global precious and base metal companies as
they advanced projects from exploration to producti on. Most recently, Mr. Hayes served in senior roles
at Pretium Resources and Osisko Mining. John graduated from Memorial University of Newfoundland with
an Honours Bachelor of Science in Geology (1989) an d a Master of Science in Geology (1997). He also
holds an MBA from Dalhousie University (2003) and i s a member (P. Geo.) of the Professional Engineers
and Geoscientists Newfoundland and Labrador.
“The Lingman Lake property has historically defined mineralization within a little-explored
greenstone belt. Lingman is not unlike any number of early-stage projects in needing capital
and technical leadership to advance. I am pleased to be joining Dan Denbow as an advisor to
Signature to help the new leadership team and Board advance the project.”
John Hayes, M.Sc., MBA, P.Geo – Advisory Board
“We have known John Hayes for a number of years now and have always appreciated his
strategic guidance and technical ability. We are h onoured to have such an experienced
geological and finance professional join our team a s an advisor the board of directors and
management.”
Robert Vallis - President & CEO
Stock Options
The Company has also granted 200,000 incentive stoc k options to Mr. Hayes as a result of his
appointment. The options shall have an exercise pr ice of $0.125, expire five years from the date of
issuance, and shall vest 25% immediately, and 12.5% every 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
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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.
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 in cludes, but is not limited to, the Company’s object ives, goals or future
plans, statements, exploration results, potential m ineralization, the estimation of mineral resources, exploration and mine
development plans, timing of the commencement of operations and estimates of market conditions. Factors that could cause
actual results to differ materially from such forwa rd-looking information include, but are not limited to changes in general
economic and financial market conditions, failure t o identify mineral resources, failure to convert es timated 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 obt aining or failures to obtain required governmental, environmental or other
project approvals, political risks, inability to fu lfill the duty to accommodate First Nations and oth er indigenous peoples,
uncertainties relating to the availability and cost s of financing needed in the future, changes in equ ity markets, inflation,
changes in exchange rates, fluctuations in commodit y prices, delays in the development of projects, ca pital and operating
costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry,
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and those risks set out in the Company’s public doc uments filed on SEDAR. Although the Company believe s that the
assumptions and factors used in preparing the forwa rd-looking information in this news release are rea sonable, undue
reliance should not be placed on 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 dis closed time frames or at all. The Company disclaims 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 required by law.