Tectonic Announces the Appointment of Peter Kleespies as Vice President, Exploration
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TECTONIC ANNOUNCES THE APPOINTMENT OF PETER KLEESPIES AS VICE
PRESIDENT, EXPLORATION
VANCOUVER, B.C., March 14, 2022 – Tectonic Metals Inc. (TECT: TSX -V; TETOF: OTCQB;
T15B: FSE) (the "Company" or "Tectonic") is excited to announce the appointment of veteran
geologist, Peter Kleespies, M.Sc., as Vice President, Exploration (“VPX”) effective immediately .
Peter has over 30 years of combined corporate and mineral exploration experience resulting in
numerous discoveries and the delineation of multi-million-ounce mineral deposits across several
continents, North and South America, Australia, and Africa.
Although Peter has worked internationally for junior and major mining companies, such as BHP,
the bulk of Peter’s career was spent in the Canadian arctic where he designed, oversaw , and
successfully executed multi -million-dollar exploration and resource delineation programs at
such renowned greenstone belts as High Lake, Hope Bay , and Committee Ba y. His expertise
ranges from conceptual project generation , project evaluation , and grassroots exploration to
large-scale surface and underground drill programs, deposit modeling , and resource
estimation. By applying sound technical principles and his vast experience, Peter can integrate
complex geological, geochemical , and geophysical datasets in the search for, and delineation
of, economically viable mineral deposits.
Tony Reda, President & CEO of Tectonic commented, “I am ecstatic to welcome Peter to the
Tectonic Team as he brings a wealth of geological knowledge and proven experience in not only
discovering mineral deposits but also understanding and advancing them systematically through
to the Feasibility Stage. Pe ter is someone who I have known since 2005 and have the utmost
respect for. Aside from being one of the smartest geologists I know, he is a person of integrity,
transparency, and honesty with strong morals and ethics. He is accountable and says it how it is,
which is always a welcome breath of fresh air in our industry. I look forward to working with him
as we continue on our mission of finding the next mine.”
With his appointment, Peter succeeds Eric Buitenhuis as Vice President, Exploration. Eric has
played an important role in Tectonic’s growth, and we are grateful for his efforts on behalf of the
Company. We wish Eric every success in his future endeavours.
Stock Option Grant
As part of his employment agreement (the "Agreement"), the Company granted Peter Kleespies
300,000 stock options (the "Options"). The Options shall have an exercise price set at a 35%
premium to the share price on the date of the grant of the Options. Th e Options shall vest in
three equal installments with 100,000 Options vesting on the first anniversary of the Agreement,
and an additional 100,000 Options vesting on the two subsequent anniversary dates thereafter.
The vesting and exercise of Options shall otherwise be governed by the terms and conditions of
Tectonic's stock option plan.
To learn more about Tectonic please click here.
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On behalf of Tectonic Metals Inc.,
Tony Reda
President and Chief Executive Officer
For further information about Tectonic Metals Inc. or this news release, please visit our website
at www.tectonicmetals.com or contact Tony Reda, President & CEO of Tectonic, or Bill Stormont,
Investor Relations, at toll-free 1.888.685.8558 or by email at [email protected]
Facebook: https://www.facebook.com/TectonicMetals/
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Cautionary Note Regarding Forward-Looking Statements and Historical Information
Certain information in this news release constitutes forwar d-looking information and statements under applicable
securities law. Any statements that are contained in this news release that are not statements of historical fact may be
deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as “may”,
“should”, “anticipate”, “expect”, “intend” and similar expressions and include, but are not limited to, statements with
respect to the potential for mineralization at Tectonic’s projects, planned exploration programs, and re sults of any
future exploration activities. The Company makes no representation or warranty regarding the accuracy or
completeness of any historical data from prior exploration undertaken by others other than the company and has not
taken any steps to verify, the adequacy, accuracy or completeness of the information provided herein and, under no
circumstances, will be liable for any inaccuracies or omissions in any such information or data, any delays or errors in
the transmission thereof, or any loss or di rect, indirect, incidental, special or consequential damages caused by
reliance on this information or the risks arising from the stock market.
Forward-looking information is not a guarantee of future performance and is based upon a number of estimates and
assumptions of management at the date the statements are made including, among others, assumptions about future
prices of gold and other metal prices, currency exchange rates and interest rates, favourable operating conditions,
political stability, obta ining governmental and other approvals and financing on time, obtaining required licenses
and permits, labour stability, stability in market conditions, availability of equipment, accuracy of any mineral
resources, successful resolution of disputes and anticipated costs and expenditures. Many assumptions are based on
factors and events that are not within the control of Tectonic, and there is no assurance they will prove to be correct.
Although Tectonic considers these beliefs and assumptions to be reasonable based on information currently available
to it, they may prove to be incorrect, and the forward-looking statements in this release are subject to numerous risks,
uncertainties and o ther factors that may cause future results to differ materially from those expressed or implied in
such forward -looking statements. Forward -looking statements necessarily involve known and unknown risks,
including, without limitation: the Company’s ability to implement its business strategies; risks associated with mineral
exploration and production; risks associated with general economic conditions; adverse industry events; marketing
and transportation costs; loss of markets; volatility of commodity prices ; inability to access sufficient capital from
internal and external sources, and/or inability to access sufficient capital on favourable terms; industry and
government regulation; changes in legislation, income tax and regulatory matters; competition; currency and interest
rate fluctuations; and other risks.
Readers are further cautioned not to place undue reliance on forward -looking statements as there can be no
assurance that the plans, intentions or expectations upon which they are placed will occur. Such information, although
considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may
differ materially from those anticipated. Forward -looking statements contained in this news release are expressly
qualified by this cautionary statement. Although Tectonic has 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
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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
statements. Accordingly, readers should not place undue reliance on forward-looking information. Tectonic does not
undertake to update any forward-looking information, except in accordance with applicable securities laws.
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.