Volcanic announces Board and Management changes
200 Burrard Street, Suite 650 Tel: 604.801.5432
Vancouver, BC V6C 3L6 Fax: 604.662.8829
TSX-V: VG
NEWS RELEASE
Volcanic announces Board and Management changes
May 11, 2020 – Vancouver, British Columbia – Volcanic Gold Mines Inc. (TSXV: VG) is pleased to announce
that Charles Straw and Michael Povey have been appointed to the Board of Directors of the Company and as
Chief Executive Officer and Chairman, respectively. Simon Ridgway will continue as a Director, and Jeremy
Crozier has stepped down from the Board.
Charles Straw is an economic geologist with over 20 years of global experience in the mining and natural
resource industries. He has held executive management positions in public and private mineral explorers,
and led the successful exploration and evaluation of precious and base metals projects in Australia, South
America, North America and China. He has an international network of technical and financing relationships
providing both project flow and project finance. Charles is a member of the Canadian Institute of Mining,
Metallurgy and Petroleum (CIM), and the Australasian Institute of Mining and Metallurgy (AusIMM).
Mike Povey is a mining engineer with over 40 years of worldwide experience in the resource sector in a wide
range of commodities. He has held senior management positions in various public companies including Rio
Tinto and Anglo American, with surface and underground mining operations in Africa, North America and
Australia. Over the past 20 years, Mike has held positions as Chairman, Managing Director and Technical
Director of several ASX and AIM listed companies whe re he ha s led project acquisitions, exploration
programs, JV negotiations and equity raisings. Mike is a Chartered Engineer and a Member of the Australian
Institute of Mining and Metallurgy and holds a number of Certificates of Competency, including a Wes t
Australian Mine Managers Certificate.
Simon Ridgway, Director, commented, “I would like to welcome Charles and Mike to the Volcanic Board and
look forward to their taking the lead in the Company ’s acquisition and exploration of mineral properties of
merit. I also thank Jeremy for his contributions to Volcanic over the past several years and wish him well in
his future endeavours.”
About Volcanic
Volcanic brings together an experienced and successful mining, exploration and capital markets team.
Through the strategic acquisition of mineral properties with demonstrated potential for hosting gold and
silver resources, and by undertaking effective exploration and drill programs, management is focused on
building world-class precious metal deposits.
For further information, visit our website at www.volgold.com.
Volcanic Gold Mines Inc.
Simon Ridgway, Director
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Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility
for the adequacy or accuracy of this release.
Forward-looking statements
Certain statements contained in this news release constitute forward -looking statements within the meaning of
Canadian securities legislation. All statements included herein, other than statements of historical fact, are forward -
looking statements and include, without li mitation, statements about the Company’s business goals . Often, but not
always, these forward looking statements can be identified by the use of words such as “estimate”, “estimates”,
“estimated”, “potential”, “open”, “future”, “assumed”, “projected”, “used”, “detailed”, “has been”, “gain”, “upgraded”,
“offset”, “limited”, “contained”, “reflecting”, “containing”, “remaining”, “to be”, “periodically”, or statements that
events, “could” or “should” occur or be achieved and similar expressions, including negative variations.
Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the
actual results, performance or achievements of the Company to be materially different from any results, performance or
achievements expressed or implied by forward -looking statements. Such uncertainties and factors include, among
others, changes in general economic conditions and financial markets; t he Company or any joint venture partner not
having the financial ability to meet its exploration and development goals; risks associated with the results of exploration
and development activities, estimation of mineral resources and the geology, grade and continuity of mineral deposits;
unanticipated costs and expenses; and such other risks detailed from time to time in the Company’s quarterly and annual
filings with securities regulators and available under the Company’s profile on SEDAR at www.sedar.com . Although the
Company has attempted to ident ify important factors that could cause actual actions, events or results to differ
materially from those described in forward-looking statements, there may be other factors that cause actions, events or
results to differ from those anticipated, estimated or intended.
Forward-looking statements contained herein are based on the assumptions, beliefs, expectations and opinions of
management, including but not limited to: that the Company’s stated goals and planned exploration and development
activities will be achieved; t hat there will be no material adverse change affecting the Company or its properties; and
such other assumptions as set out herein. Forward-looking statements are made as of the date hereof and the Company
disclaims any obligation to update any forward -looking statements, whether as a result of new information, future
events or results or otherwise, except as required by law. There can be no assurance that forward -looking statements
will prove to be accurate, as actual results and future events could diff er materially from those anticipated in such
statements. Accordingly, investors should not place undue reliance on forward -looking statements.