Temas Resources Provides Corporate Update
Temas Resources Provides Corporate Update
VANCOUVER, British Columbia, March 1 6, 2022 ― Temas Resources Corp. ( the “Company” or “Temas”,
CSE: TMAS, OTCQB: TMASF) is pleased to announce that David Kwok has replaced David Robinson as Chief
Financial Officer of the Company. The Company is also pleased to announce that David Robinson has been
appointed to the Company’s Board of Directors.
David Kwok (CPA, CGA) has over 18 years of experience working for public companies in various
management roles. Recently, he provided financial & business consulting services for both public and
private companies in the resource space, software development, internet infrastructure management
and franchising. Prior to that, he has held the positions of Operations Controller & Business Administration
Manager for Capstone Mining Corp., and Divisional Controller for Xstrata PLC and subsequently for
Glencore PLC after the two companies merged. Mr. Kwok’s appointment is effective March 14, 2022.
David Robinson is a CPA, CA and has extensive experience in the capital markets and brings his financial
expertise to the board of Temas.
As stated by Bob Schafer, Executive Chairman of the Company “We are very pleased to add David Kwok
t o o u r t e a m a s C F O. David Kwok brings extensive resource sector focused financial and accounting
expertise to the Temas team. The addition of David Robinson to the Temas board will bring considerable
financial expertise to our board of directors.”
Temas Resources also announces that it has granted Mr. Kwok 150,000 stock options to purchase common
shares in accordance with the Company’s stock option plan. Each option is exercisable to purchase one
common share of Temas Resources at $0.12 per common share. The options vest immediately and have
a three-year term. All common share and option issuances are subject to applicable regulatory approvals,
including the Canadian Securities Exchange.
More information about Temas Resources’ board of directors, executive team and manage ment may be
found at www.temasresources.com.
About Temas Resources
Temas Resources Corp. ("Temas Resources") (CSE: TMAS) (OTCQB: TMASF) is responding to the growing
global demand for Iron ore and two strategically important minerals — Titanium and Vanadiu m —
deemed by the U.S. Department of the Interior as critical to U.S. national security and the economy. Temas
Resources first and flagship properties are located in the stable, mining-friendly jurisdiction of Quebec
(Canada) bordering Vermont, Maine, and New York State (U.S.) in an area known as the Grenville
Geological Province. The Grenville Geological Province is home to Lac Tio, the largest solid ilmenite deposit
in the world. As a mineral exploration company focused on the acquisition, exploration and development
of Iron, Titanium, and Vanadium properties, Temas Resources has focused its efforts on advancing two
major projects in the Grenville Geological Province area. The first, the DAB Property, is an option for 100%
interest consisting of 128 contiguous mineral claims which cover 6,813.72 hectares (68.14 km²) within the
Grenville Geological Province. The flagship, the La Blache Property, is 100% ownership of 48 semi-
contiguous mineral claims which cover 2,653.25 hectares (26.53 km²) within the Grenvi lle Geological
Province. All public filings for the Company can be found on the SEDAR website www.sedar.com. For more
information about the Company, please visit www.temasresources.com.
Qualified Person
Rory Kutluoglu, B.Sc, P.Geo, is the Qualified Person as defined by NI 43 -101 who has reviewed and
approved the technical information contained within this press release.
On behalf of the Board of Directors of Temas Resources Corp.,
“Kyler Hardy”
Director
Contact: Nick Spencer, Investor Relations
Phone: +1 (604) 332-0902
Email: [email protected]
Forward Looking Statements
This news release includes certain “Forward‐Looking Statements” within the meaning of the United States
Private Securities Litigation Reform Act of 1995 and “ forward‐looking information” under applicable
Canadian securities laws. When used in this news release, the words “ anticipate”, “believe”, “estimate”,
“expect”, “target”, “plan”, “forecast”, “may”, “would”, “could”, “schedule” and similar words or
expressions, identify forward‐looking statements or information. These forward‐looking statements or
information relate to, among other things: entry into a definitive agreement for the Equity Investment
Facility, closing of the Equity Investment Facility, the Company’s plan to build an advanced base and special
metals portfolio, the development of the La Blache Property and the DAB Property, including drilling
activities; and future mineral exploration, development and production, the funding of the Company
pursuant to the Equity Investment Facility, the issuance of securities pursuant to the Equity Investment
Facility, and the resale restrictions and arrangements relating to such securities.
Forward‐looking statements and forward‐looking information relating to any future mineral production,
liquidity, enhanced value and capital markets profile of Temas Resources, future growth potential for
Temas Resources and its business, and future exploration plans are based on management’s reasonable
assumptions, estimates, expectations, analyses and opinions, which are based on management’s
experience and perception of trends, current conditions and expected developments , and other factors
that management believes are relevant and reasonable in the circumstances, but which may prove to be
incorrect. Assumptions have been made regarding, among other things, the price of iron, titanium,
vanadium and other metals; no escalation in the severity of the COVID ‐19 pandemic; costs of exploration
and development; the estimated costs of development of exploration projects; Temas Resources’ ability to
operate in a safe and effective manner and its ability to obtain financing on reasonable terms.
These statements reflect Temas Resources’ respective current views with respect to future events and are
necessarily based upon a number of other assumptions and estimates that, while considered reasonable
by management, are inherently subject to significant business, economic, competitive, political and social
uncertainties and contingencies. Many factors, both known and unknown, could cause actual results,
performance or achievements to be materially different from the results, performance or achievements
that are or may be expressed or implied by such forward‐looking statements or forward‐looking
information and Temas Resources has made assumptions and estimates based on or related to many of
these factors. Such factors include, without limitation: the Company’s dependence on one mineral project;
precious metals price volatility; risks associated with the conduct of the Company’s mining activities in
Quebec; regulatory, consent or permitting delays; risks relating to reliance on the Company’s management
team and outside contractors; risks regarding mineral resources and reserves; the Company’s inability to
obtain insurance to cover all risks, on a commercially reasonable basis or at all; currency fluctuations; risks
regarding the failure to gene rate sufficient cash flow from operations; risks relating to project financing
and equity issuances; risks and unknowns inherent in all mining projects, including the inaccuracy of
reserves and resources, metallurgical recoveries and capital and operating costs of such projects; contests
over title to properties, particularly title to undeveloped properties; laws and regulations governing the
environment, health and safety; the ability of the communities in which the Company operates to manage
and cope with the implications of COVID ‐19; the economic and financial implications of COVID ‐19 to the
Company; operating or technical difficulties in connection with mining or development activities; employee
relations, labour unrest or unavailability; the Company’s i nteractions with surrounding communities and
artisanal miners; the Company’s ability to successfully integrate acquired assets; the speculative nature of
exploration and development, including the risks of diminishing quantities or grades of reserves; stoc k
market volatility; conflicts of interest among certain directors and officers; lack of liquidity for shareholders
of the Company; litigation risk; and the factors identified under the caption “Risk Factors” in Temas
Resources’ management discussion and analysis. Readers are cautioned against attributing undue
certainty to forward‐looking statements or forward ‐looking information. Although Temas Resources has
attempted to identify important factors that could cause actual results to differ materially, ther e may be
other factors that cause results not to be anticipated, estimated or intended. Temas Resources does not
intend, and does not assume any obligation, to update these forward‐looking statements or forward ‐
looking information to reflect changes in ass umptions or changes in circumstances or any other events
affecting such statements or information, other than as required by applicable law.