Volcanic Gold announces VP Corporate Development appointment; grants incentive stock options
200 Burrard Street, Suite 650 Tel: 604.801.5432
Vancouver, BC V6C 3L6 Fax: 604.662.8829
TSX-V: VG
FOR IMMEDIATE RELEASE 10 January, 2023
Volcanic Gold announces VP Corporate Development appointment;
grants incentive stock options
News Release
Shares issued 45,551,210
VG close - C$0.205
W/C +$6.2 million cash
Vancouver, British Columbia – Volcanic Gold Mines Inc. (TSX V-VG) (“Volcanic” or the “Company”) is
pleased to announce that Adam Buchanan has been appointed VP, Corporate Development. Adam has
extensive knowledge of capital markets, resource development and investor relations through more than
10 years of experience in the resource sector. He will be responsible for assisting with corporate
development, financing, marketing and investor communications. Adam graduated with a B.A. from
Simon Fraser University and has completed courses through the Canadian Securities Institute.
Simon Ridgway, President and CEO of Volcanic, commented, “We are pleased to welcome Adam to the
Volcanic management team. Adam is enthusiastic and energetic, and like me believes we will have a
strong gold market in 2023. Adam will manage Volcanic’s communications, en suring our shareholders
and stakeholders are provided with the latest information with regard to our corporate plans and
developments. We will also benefit from Adam’s experience in the identification of areas where we can
create value for our shareholders from our portfolio of projects."
In addition, the Company has granted to certain of its officers incentive stock options to purchase up to
an aggregate of 225,000 common shares of Volcanic exercisable for up to ten years at a price of $0.205
per share.
About Volcanic
Volcanic brings together an experienced and successfu l mining, exploration and capital markets team
focused on building multi-million-ounce gold and silver resources in underexplored countries. Through the
strategic acquisition of mineral properties with demonstrated potential for hosting gold and silver
resources, and by undertaking effective exploration and drill programs, Volcanic intends to be come a
leading gold-silver company.
For further information, visit our website at www.volgold.com.
Volcanic Gold Mines Inc.
Simon Ridgway, President and CEO
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Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accept 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 limitation, statements about the Company’s plans for its property interests.
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, the uncertainties inherent in the mineral resource estimates; whether the Company’s
planned exploration work will be proceed as intended; changes in general economic conditions and financial
markets; the 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
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, 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; 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 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 differ materially from those anticipated
in such statements. Accordingly, investors should not place undue reliance on forward -looking statements.