VR Strengthens its Board, Corporate Compliance and Advisors as 2023 Exploration Gets Underway at its Northway and Hecla-Kilmer Properties in Northern Ontario. NR-23-09
VR RESOURCES LTD.
1500 - 409 Granville St.
Vancouver, BC, Canada, V6C 1T2
Tel: 778-731-9292; [email protected]
TSX.V: VRR; www.vrr.ca
{04177685;1}
VR Strengthens its Board, Corporate Compliance and Advisors as 2023 Exploration
Gets Underway at its Northway and Hecla-Kilmer Properties in Northern Ontario.
NR-23-09
May 11, 2023, Vancouver, B.C.: VR Resources Ltd . (TSX.V: VRR; FSE: 5VR; OTCQB: VRRCF), (the “Company”, or
“VR”), has strengthened its Corporate framework as drilling gets underway at its Northway kimberlite breccia
pipe and Hecla-Kilmer REE critical metals project in northern Ontario.
From VR’s Founder and CEO, Dr. Michael Gunning;
The expansion and strengthening of VR across our Board, Management and Technical teams conveys our
conviction, and commitment to execution on three separate properties and opportunities this year. Indeed, we feel
that 2023 presents a stronger potential growth profile for our Company than in any year since our IPO in 2017.
With the successful Close of a $1.9M Financing, our near -term goal is to translate those funds into drilling to
advance the kimberlite breccia pipe discovery on our Northway property in northern Ontario, and our nearby by
REE critical metals project at Hecla -Kilmer. Beyond that, we also plan to complete two state -of-the-art
geophysical surveys this spring on the large-footprint, polymetallic porphyry system at our New Bos ton property
in Nevada, where sheeted veins and dykes with copper, moly and silver are mapped on surface over a strike length
of some 4 km. We expect results and news flow related to all three initiatives through the summer months.
We welcome Keith, Teres e and Kevin to the team . They bring a wealth of experience to our various exploration
and corporate strategies, and we look forward to their contributions as our exploration this year gets underway.
Board of Directors.
The Company is pleased to announce that Mr. Keith Inman has join ed the Board of Directors , effective
immediately. Mr. Inman is a partner in the Business Law group of Pushor Mitchell LLP, a full -service law firm
located in Kelowna, British Columbia, with a practice focused on advising emerg ing and mid-market companies
on corporate/commercial and securities law related matters, including corporate finance and M&A transactions.
Corporate Compliance.
Terese Gieselman joins VR as Corporate Compliance Officer. Terese is the founder and President of MinCo
Corporate Management Inc., a corporate services company in Kelowna, BC. Ms. Gieselman has 37 years of
international experience with junior mining and exploration companies listed on the TSX, TSXV, OTCBB, NASDAQ
and AMEX, in the roles of CFO, Treasurer, Corporate Secretary and director. During her tenure in the resource
sector, Ms. Gieselman has accumulated an extensive background in corporate and financial reporting and
compliance for Canada and the United States, including particularly relevant experience in financings, treasury,
international corporate structure and financial reporting in Mexico, Peru, Chile, Argentina and Zimbabwe.
Technical Advisor
Kevin Kivi, PGeo, based in Thunder Bay, Ontario, joins the VR team as a Technical Advisor. Kevin has been working
with us on the drill core from our Northway project located in northern Ontario since the discovery hole was
made into the kimberlite breccia pipe last November. He brings a wealth of experience to the table via 30 years
in active hands-on diamond exploration, most notably in his roles as both Principal Geologist and Exploration
Manager within the North American diamond exploration team at Rio Tinto PLC.
VR RESOURCES LTD.
1500 - 409 Granville St.
Vancouver, BC, Canada, V6C 1T2
Tel: 778-731-9292; [email protected]
TSX.V: VRR; www.vrr.ca
{04177685;1}
Stock Option Allocation
The Company has approved an aggregate allocation of 1,825,000 incentive stock options at a price of $0.19 and
exercisable for a period of five years to various directors, officers, employees and advisors of the Company, and
in accordance with the terms of the Company’s Stock Option Plan.
About VR Resources
VR is an established junior exploration company focused on unique, greenfield opportunities on large-footprint
mineral systems for critical metals, copper and gold in the western United States and Canada (TSX.V: VRR;
Frankfurt: 5VR; OTCQB: VRRCF). VR is the continuance of 4 years of active exploration in Nevada by a
Vancouver-based private company. The foundation of VR is the diverse experience and proven track record of
its Board in early-stage exploration, discovery and M&A. The Company is well financed for its exploration
strategies and corporate obligations. VR owns its properties outright and evaluates new opportunities on an
ongoing basis, whether by direct staking or acquisition.
ON BEHALF OF THE BOARD OF DIRECTORS:
“Michael H. Gunning”
_____________________________
Dr. Michael H. Gunning, PhD, PGeo
President & CEO
For general information please use the following:
Website: www.vrr.ca
Email: [email protected]
Contact: Mike Gunning, 604-374-3708; e-mail: [email protected]
Forward Looking Statements
This press release contains forward -looking statements. Forward -looking statements are typically identified by
words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions or are those which,
by their nature, refer to future events. Forward looking statements in this release, for example include but are
not limited to: the general use of proceeds; that the Company will carry out exploration on its properties in Nevada
and Ontario; that the Company evaluates new opportunities on an ongoing basis.
Although the Company believes that the use of such statements is reasonable, there can be no assurance that
such statements will prove to be accurate, and actual results and future events could differ materially from those
anticipated in such statements. The Company cautions investors that any forward -looking statements by the
Company are not guarantees of future performance, and that actual results may differ materially from those in
forward-looking statements. Trading in the securities of the Company should be considered highly speculative.
The Company’s public disclosure filings can be accessed via www.sedar.com and readers are urged to review
the materials.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in Policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.