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SPA.V ·

Spanish Mountain Gold Announces Appointment to the Board of Directors

Management Changes

910 – 1111 Melville Street 

Vancouver, British Columbia, V6E 3V6 

Tel: 604.601.3651 

August 19, 2022 

Spanish Mountain Gold Announces Appointment  

to the Board of Directors 

Vancouver, BC ‐  Spanish Mountain Gold Ltd. (the “Company”) (TSX‐V: SPA) is pleased to announce the 

appointment of Lembit Janes to its Board of Directors. 

Mr.  Janes  brings  to  the  Board  an  impressive  business  background.   As  a  long‐term  shareholder  of  the 

Company, he comes to the Board with a solid understanding of the Company's development.   

With  his  expertise  in  finance  and  governance, and  as  an  investor  in  mining  companies, the  Board 

anticipates  he  will  be  able  to  make  an  immediate  contribution,  as  the  Company  advances  the  Spanish 

Mountain gold project. 

Currently Mr. Janes is a Trustee and the largest Unitholder in SIR Royalty Income Fund.  He was Chair and 

CEO of Janes Family Foods, for 35 years, until its sale in 2012.  

 A  resident  of  Toronto,  Mr.  Janes  holds  an  undergraduate  degree  from  McGill  University  and  an  MBA 

from York University.  He is a former triathlete who competed in the Iron Man Triathlon in Hawaii.  

About Spanish Mountain Gold 

Spanish Mountain Gold Ltd. is focused on advancing its 100%‐owned Spanish Mountain gold project in 

southern  central  British  Columbia.   The  Company  is  simultaneously  pursuing  the  dual  objectives  of 

delivering critical project milestones for the multi‐million ounce Mineral Reserve and further expanding 

the overall Mineral Resource.  The Pre‐Feasibility Study (2021) demonstrates the Project’s potential to be 

a mining operation with a robust production profile (>150,000 oz per year) and profitability (AISC $801 

per  oz)  over  a  mine  life  of  14  years.   Details  on  the  Project  and  the  Company  are  available  on 

www.sedar.com and on the Company’s website: www.spanishmountaingold.com 

Board of Directors, 

SPANISH MOUNTAIN GOLD LTD. 

Inquiries:  

Spanish Mountain Gold Ltd. 

Phone: (604) 601‐3651 

E‐mail: [email protected]  

Website: www.spanishmountaingold.com 

FORWARD  LOOKING  STATEMENTS:  Certain  of  the  statements  and  information  in  this  press  release  constitute  "forward ‐looking  

statements"   or   "forward ‐looking   information"   Any   statements   or   information   that   express   or   involve   discussions   with   respect  

to   predictions,   expectations,   beliefs,   plans,   projections,   objectives,   assumptions   or   future   events   or   performance   (often,   but  

not   always,   using   words   or   phrases   such   as   "expects",   "anticipates",   "believes",   "plans",   "estimates",   "intends",   "targets",  

"goals",   "forecasts",   "objectives",   "potential"   or   variations   thereof   or   stating   that   certain   actions,   events   or   results   "may",  

"could",   "would",   "might"   or   "will"   be   taken,   occur   or   be   achieved,   or   the   negative   of   any   of   these   terms   and   similar  

expressions)  are  not  statements  of  historical  fact  and  may  be  forward ‐looking  statements  or  information.  

The  Company's  forward ‐looking  statements  and  information  are  based  on  the  assumptions,  beliefs,  expectations  and  opinions  

of   management   as   of   the   date   of   this   press   release,   and   other   than   as   required   by   applicable   securities   laws,   the   Company  

does   not   assume   any   obligation   to   update   forward ‐looking   statements   and   information   if   circumstances   or   management's  

assumptions,   beliefs,   expectations   or   opinions   should   change,   or   changes   in   any   other   events   affecting   such   statements   or  

information.   For   the   reasons   set   forth   above,   investors   should   not   place   undue   reliance   on   forward ‐looking   statements   and  

information.  

Neither  TSX  Venture  Exchange  nor  its  Regulation  Services  Provider  (as  that  term  is  defined  in  policies  of  the  TSX  Venture  

Exchange)  accepts  responsibility  for  the  adequacy  or  accuracy  of  this  release