Candente Gold appoints new Chief Financial Officer
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Candente Gold appoints new Chief Financial Officer
Vancouver, British Columbia, October 1 , 2018, Candente Gold Corp. (TSXV:CDG)
(“Candente Gold” and/or the “ Company”) is pleased to announce the appointment
of Mr. Mark Lotz to the position of Chief Financial Officer.
Mr. Lotz, a Chartered Professional Accountant, is a senior executive with extensive
experience in public companies, tax and consulting. Formerly a CEO and CFO in the
brokerage industry, he also has senior management experience in the mining,
manufacturing and digital media sectors. Mark has been on the board of and been a
member of the audit committees of Canada Jetlines Corp., Logan Resources Ltd.,
Commander Resources, African Queen Mines and Sacre-Coeur Minerals. He has served
as the CFO of TrackX Holdings Inc. and Prophecy Coal, among others.
"We’re excited to welcome Mark to the Candente Gold team as he brings key knowledge
and experience with various public and resource companies” commented Joanne
Freeze, CEO, President and Director of the Company.
“I am excited to join Candente Gold’s accomplished team, and be part of the next steps
in realizing shareholder value with the El Oro Project Hard Rock and Tailings projects in
Mexico,” said Mark Lotz.
The Company thanks Alec Peck for his dedication and contributions as CFO and wish
him the best with his new endeavours.
About Candente Gold
Candente Gold’s flagship asset is El Oro, a district scale gold project encompassing a
well-known and prolific, high grade gold dominant , silver epithermal vein system in
Mexico. The project covers 20 veins with past production and more than 57 veins in
total. Approximately 6.4 million ounces of gold and 74 million ounces of silver were
reported to have been produced from just two of these veins (Ref. Mexico Geological
Service Bulletin No. 37, Mining of the El Oro and Tlapujahua Districts. 1920, T. Flores)
Modern understanding of epithermal vein systems indicates that several of the El Oro
district’s veins hold excellent discovery potential, particularly below and adjacent to the
historic workings of the San Rafael Vein, which was mined to an average depth o f only
200 metres.
In addition to the hard rock potential, Candente Gold is investigating the potential to
recover gold and silver from the Mexico Mine Tailings by granting Sun River Gold Corp.
(“SRG”), the right and option to further test and, if prove n economic, develop and
operate the Company’s tailings project in El Oro Mexico (the “Tailings Project”). Under
NEWS RELEASE
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the option, Sun River is to make staged payments, totalling US$500,000 over 28
months, bring the mine tailings into commercial production within 36 months, and
grant to the Company a 5% of net profits (“NPI”) Life of Mine royalty on production
from the tailings. Candente Gold has the right to re -process the tailings under an
agreement with the Municipality of El Oro.
Candente Gold is dedicated to being a responsible Community partner.
Joanne C. Freeze, P.Geo., Director , President and CEO , is the Qualified Person as
defined by National Instrument 43 -101 for the project discussed above. Ms. Freeze has
reviewed and approved the contents of this release.
Neither TSX Venture Exchange nor its Regulation Services Provider accepts
responsibility for the adequacy or accuracy of this release.
Forward-looking Information
This news release may contain forward -looking information (as such term is defin ed under Canadian
securities laws) including but not limited to information regarding the processing of tailings to generate
short-term cash flow, the potential for discovery in the El Oro district and other statements that are not
historical facts. While such forward-looking information is expressed by Candente Gold in good faith
and believed by Candente Gold to have a reasonable basis, they address future events and conditions
and are therefore subject to inherent risks and uncertainties including those set out in Candente Gold’s
MD&A. Factors that cause the actual results to differ materially from those in forward -looking
information include, without limitation, gold prices, results of exploration and development activities,
regulatory changes, defects in title, availability of materials and equipment, timeliness of government
approvals, potential environmental issues, availability of capital and financing and general economic,
market or business conditions. Candente Gold expressly disclaims any intentio n or obligation to update
or revise any forward -looking information, whether as a result of new information, future events or
otherwise, except in accordance with applicable securities laws.
On behalf of the Board of Candente Gold Corp.
“Joanne Freeze” P.Geo.
For further information please contact:
Joanne Freeze
President & CEO
+1 (604) 689-1957
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