Moneta Gold and Nighthawk Gold Announce the Proposed Directors for the MergeCo Board
Moneta Gold and Nighthawk Gold Announce the Proposed
Directors for the MergeCo Board
TORONTO, ONTARIO, January 22, 2024 – Nighthawk Gold Corp. (“Nighthawk”) (TSX: NHK) and
Moneta Gold Inc. (TSX: ME )(OTCQX: MEAUF)(FSE: MOPA) (“Moneta”) (together with Nighthawk ,
“MergeCo”) announce the proposed directors for the MergeCo Board to be appointed on completion of
the arrangement on November 28, 2023 (“Arrangement Agreement” or “Transaction”) which remains
subject to Nighthawk and Moneta shareholder approval and other customary closing conditions.
Proposed Board of Directors:
The Board of Directors of MergeCo will consist of seven (7) directors, comprised of four (4) nominees
from Moneta and three (3) nominees from Nighthawk. The proposed directors will include:
• Keyvan Salehi, P.Eng., MBA – President and CEO of MergeCo and Director
• Josef Vejvoda, CIM, ICD.D – Non-executive Chairman of the MergeCo Board
• Morris Prychidny, CPA, CA
• Blair Zaritsky, CPA, CA
• Edie Hofmeister, MA, JD
• Rodney A. Cooper, P.Eng., MBA, Acc. Dir.
• Krista Muhr
Biographies
Mr. Salehi is a professional engineer and a seasoned mining executive with more than 20 years of
experience in mine construction, mine operations, technical services, corporate development, and capital
markets. He is the current President and CEO of Nighthawk. Previously, Mr. Salehi was the VP Corporate
Development & Technical Services for Mountain Province Diamonds, where he provided operational and
technical oversight for the construction and op eration of the Gahcho Kué mine in the Northwest
Territories. He was the VP Corporate Development & Technical Services for Kirkland Lake Gold, where
he led the due diligence and execution of the merger with Newmarket Gold. Mr. Salehi also had
management roles with St. Andrew Goldfields, Lake Shore Gold, FNX Mining, and Vale.
Mr. Vejvoda is the Chairman and interim President and CEO of Moneta . Mr. Vejvoda acts as a special
advisor to K2 & Associates Investment Management Inc., a multi-strategy investment fund. Mr. Vejvoda
has over 25 years of extensive capital markets experience and has held senior management roles at
Merrill Lynch Canada, National Bank Financial, and TD Securities. Previously, Mr. Vejvoda served on
the boards of ShoreTel Inc. (sold to Mitel Networks) , Dominion Diamond Corp . (sold to Washington
Corporate), Acerus Pharma, and PNI Digital Media Inc. (sold to Staples Inc.).
Mr. Prychidny is a Chartered Accountant with more than 35 years of experience in the mining,
entertainment and real estate industries. He serves as the Chair of Talisker Resources and as a director
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for Fountain Asset Corp., Northfield Capital Corporation, and Orion Capital Inc. He was a former director
of Barkerville Gold Mines Ltd.
Mr. Zaritsky is currently the CFO of Osisko Mining Inc. and was instrumental in merging 4 companies to
obtain Windfall Lake, Osisko’s flagship asset. He h as over 15 years of Canadian public practice
experience, with exposure to various types of engagements and clients, gained through managing audit
engagements of publicly listed companies traded on the TSX, TSX Venture, and CSE exchanges.
Ms. Hofmeister is an attorney who has advised large and small multi -national extractive companies on
legal and ESG matters for over 20 years. She currently serves as the director for Osisko Gold Royalties,
Prime Mining, and was the former EVP Corporate Affairs & General Counsel for Tahoe Resources Inc.
Ms. Hofmeister serves as the Chair of the International Bar Association’s Business and Human Rights
Committee, a group dedicated to promoting high ESG standards in multi-national corporations.
Mr. Cooper is a professional engineer, and seasoned executive with extensive technical experience in
the mining sector, including the Timmins camp. Previously, he was the President & COO for Labrador
Iron Mines Ltd., VP Technical Services for Kinross Gold Corp., and was a VP & Senior Mining Analyst in
equity research at Dundee Securities.
Ms. Muhr brings 20 years of experience working with public companies in the global metals and mining
sector with strong ESG and capital market credentials at senior levels. She is currently the SVP, Investor
Relations & Communications for Galiano Gold and a director of Ensign Minerals. Previously, she served
as SVP, External Affairs and Sustainability for Eldorado Gold Corporation.
About Moneta
Moneta is a Canadian -based gold exploration company whose primary focus is on advancing its 100% wholly
owned Tower Gold Project, located in the Timmins region of Northeastern Ontario, Canada’s most prolific gold
producing camp.
About Nighthawk
Nighthawk is a Canadian-based gold exploration and development company with 100% ownership of the Colomac
Gold Project and more than 947 km 2 District Scale Property within 200 km north of Yellowknife, Northwest
Territories, Canada. Nighthawk’s experienced management team, with a track record of successfully advancing
projects and operating mines, is working towards rapidly advancing its assets towards a development decision.
FOR FURTHER INFORMATION PLEASE CONTACT:
MONETA GOLD INC.
Tel: +1 (416) 471-5463; Email: [email protected]
Website: www.monetagold.com
NIGHTHAWK GOLD CORP.
Tel: +1 (416) 863-2105; Email: [email protected]
Website: www.nighthawkgold.com
Forward-Looking Information
This news release contains “forward-looking information ” within the meaning of applicable Canadian securities legislation.
Forward-looking information includes, but is not limited to, information with respect to the Transaction and its likelihood of
completion, and the proposed board of directors of MergeCo. Generally, forward-looking information can be identified by the use
of forward-looking terminology such as “accelerate”, “add” or “additional”, “advancing”, “anticipates” or “does not anticipate”,
“appears”, “believes”, “can be”, “conceptual”, “confidence”, “continue”, “convert” or “conversion”, “deliver”, “demonstrating”,
“estimates”, “encouraging”, “expand” or “expanding” or “expansion”, “expect” or “expectations”, “fast-track”, “forecasts”,
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“forward”, “goal”, “improves”, “increase”, “intends”, “justification”, “plans”, “potential” or “potentially”, “pro-forma”, “promise”,
“prospective”, “prioritize”, “reflects”, “re-rating”, “scheduled”, “stronger”, “suggesting”, “support”, “updating”, “upside”, “will be” or
“will consider”, “work towards”, or variations of such words and phrases or state that certain actions, events or results “ma y”,
“could”, “would”, “might”, or “will be taken”, “occur”, or “be achieved”.
Forward-looking information is based on the opinions and estimates of management at the date the information is made, and is
based on a number of assumptions and is subject to known and unknown risks, uncertainties and other factors that may cause
the actual results, level of activity, performance or achievements of Nighthawk and Moneta to be materially different from those
expressed or implied by such forward -looking information, including risks associated with required regulatory approvals, the
exploration, development and mining such as economic factors as they effect exploration, future commodity prices, changes in
foreign exchange and interest rates, actual results of current exploration activities, government regulation, political or economic
developments, the ongoing wars and their effect on supply chains, environmental risks, COVI D-19 and other pandemic risks,
permitting timelines, capex, operating or technical difficulties in connection with development activities, employee relation s, the
speculative nature of gold exploration and development, including the risks of diminishing qu antities of grades of reserves,
contests over title to properties, and changes in project parameters as plans continue to be refined as well as those risk factors
discussed in Nighthawk’s and Moneta’s respective annual information forms for the year ended December 31, 2022, available
on www.sedarplus.ca. Although Nighthawk and Moneta have attempted to identify important factors that could cause actual
results to differ materially from those contained in forward-looking information, there may be other factors that cause results not
to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual
results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place
undue reliance on forward -looking information. Nighth awk and Moneta do not undertake to update any forward -looking
information, except in accordance with applicable securities laws.