Volcanic Announces Board and Management Changes; Grants Stock Options
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; Grants Stock Options
March 15, 2017 – Vancouver, British Columbia – Volcanic Gold Mines Inc. (TSXV: VG) is
pleased to announce the appointment of Robert W. Schafer to the Board of Directors of the
Company. Mr. Schafer brings many years of experience in the mineral resource industry and will
succeed Craig Goldenberger who is stepping down as a director.
Mr. Schafer is a Professional Geologist who brings over 30 years of mineral exploration, executive
management and business development expertise to Volcanic’s Board. He presently operates
Eagle Resources Management LLC, a minerals industry advisory practice focused on mineral
economics, geology and business development, of which he is founder and principal. Previously,
Mr. Schafer spent over 10 years with Hunter Dickinson Inc. as Executive Vice President of
Business Development , where he was responsible for identifying, evaluating and structuring
transactions for mineral properties globally.
Over his career , Mr. Schafer has led teams to the discovery of mines in the western USA, Canada
and Russia with Billiton Metals, Addwest Gold and Kinross Gold. As an exploration geologist he
discovered a Carlin -style gold deposit in eastern Nevada that was placed into production by Alta
Gold, and the Briggs gold mine that was placed into production by Canyon Resources . He has
experience working in numerous regions , including most countries in west Africa and South
America.
The Company is also pleased to announce the appointment of Alexander Langer as its Vice -
President of Capital Markets. Mr. Langer has over 13 years of experience in capital markets within
the resource sector and will be directly involved in all aspects of the Company’s capital markets
planning and business development.
Mr. Langer started his career as an Investment Advisor with Canaccord Genuity , where he helped
fund over 100 private and publically listed companies. Alex is currently a director of Ptolemy
Capital, a London based Capital Markets advisory firm , and serves in various capacities for a
number of private and publically traded companies in various senior management positions. To
date, Mr. Langer has helped rais e over $200 million for junior and mid- sized resource companies
through various means of financing including: equity, debt, royalty, off-take, and bond agreements.
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In addition, incentive stock options have been granted to directors, officers, employees and
consultants of the Company to purchase up to an aggregate of 3,850,000 common shares of the
Company, exercisable for up to ten years at a price of $0.60 per share.
About Volcanic
Volcanic brings together a deeply experienced and successful mining, exploration and capital
markets team focused on building a multi -million ounce gold resource in the underexplored West
African country of Guinea and its neighbouring count ries. Through the strategic acquisition of
mineral properties with demonstrated potential for hosting gold resources, and by undertaking
effective exploration and drill programs, Volcanic looks to become a leading junior gold resource
company.
For furthe r information, contact Alexander Langer at 604- 765-1604, or visit our website at
www.volgold.com.
Volcanic Gold Mines Inc.
Jeremy Crozier,
President
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 strategic plan s. 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 k nown 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 associat ed 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 identify 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, bel iefs, expectations and opinions of
management, including but not limited to: that the Company’s stated goals and planned exploration and development
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activities will be achieved; that 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 re sults 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 differ materially from those anticipated in such
statements. Accordingly, investors should not place undue reliance on forward-looking statements.