Xplore Resources Announces Additional Board and Advisory Appointments
Xplore Resources Announces Additional
Board and Advisory Appointments
Toronto, Ontario--(Newsfile Corp. - May 20, 2021) -
Xplore Resources Corp
.
(TSXV: XPLR)
(
"Xplore
or "the Company"
) announces the following appointments to the Company's Board of Directors.
Xplore is pleased to welcome Mr. Picklu Datta, CPA, CA, BComm., and Mr. Sean Waller P.Eng., FCIM
to the Company's Board of Directors. The Company also announces that Mr. McGuire has resigned as a
Director, and is transitioning to the Company's Advisory Board. All changes are effective immediately.
Mr. Datta is a mining executive with 30 years of experience in senior management roles including
accounting, audit, taxation, treasury, forecasting and budgeting and risk management. He was formerly
Vice-President, Finance & Treasurer at Centerra Gold Inc.; Senior Vice-President, Treasury & Finance
at Agnico Eagle Mines Limited; and Finance Manager at Aber Diamond Corporation. In his previous
roles, Picklu helped to guide these companies during periods of
transformational growth, both
organically through mine development and through acquisitions. Mr. Datta obtained a Bachelor of
Commerce from the University of Toronto and holds CA and CPA designations from the Chartered
Professional Accountants of Ontario.
Mr. Waller is a registered Professional Engineer with 35 years of international experience in mining
project management, evaluation, design and operation, with a specific focus on large scale copper and
gold projects. Currently Mr. Waller is a Senior Project Advisor with Wood Mining and Minerals
(previously AMEC), a division of Wood PLC, a global engineering and construction firm. Mr. Waller is a
Director and Technical Advisor to several small cap resource companies. Previously he was Vice
President of Global Business Development and Senior Project Manager with AMEC. While at AMEC,
Mr. Waller managed the feasibility study for Nevsun Resources' Bisha gold/copper mine in Eritrea and
the front-end engineering for the Cobre Panama copper mine in Panama. Earlier in his career Mr. Waller
worked with SNC-Lavalin's Mining Division in senior technical roles and for Freeport-McMoran at its
Grasberg copper operation in Indonesia. Mr. Waller is a Past President of the Canadian Institute of
Mining, Metallurgy and Petroleum ("CIM") and is currently a member of the CIM Audit and Risk
Committee. He has previously served as a Trustee of the CIM Foundation and is a volunteer and/or
fundraiser with several community organizations. Mr. Waller has a B.Sc. in Geology from the University of
British Columbia in Vancouver and a Masters Degree in Mineral Process Engineering from The
Montana School of Mines in Montana.
Wes Hanson, President and CEO of Xplore, stated,
"We are very happy to welcome Picklu and Sean
to the Xplore Board of Directors. Collectively, these additions significantly upgrade the Company's
knowledge base in several critical areas, including finance, capital markets, engineering, metallurgy,
management and project development. I look forward to working closely with both Picklu and Sean as
we begin the process of generating shareholder value through acquisition, exploration and
development of copper and gold properties in Canada and abroad. Picklu's financial insight and
capital markets network will be invaluable as we evaluate various opportunities. Sean's engineering,
management and operational experience will significantly assist the Board in evaluating the technical
merits of various opportunities, particularly any advanced projects. I am very excited to have the
opportunity to work closely with our newest team members as we begin the process of growing
shareholder value."
The Company also announces the granting of 2,000,000 incentive stock options under the Company's
stock option plan to directors, officers, employees and consultants, at an exercise price of $0.10.
A total
of 1,700,000 of the options expire three (3) years from the date of grant, and 300,000 options expire
after one year.
About the Valk Project
Xplore's 100% owned Valk copper-gold project (1,614 Ha) is located in the Nanaimo Mining Division,
British Columbia, approximately 20 Km NW of Port Hardy. The Project is road accessible via an
extensive network of provincial highways, local roads, and logging roads. Soil geochemistry and surface
rock sampling have identified anomalous copper, vanadium, and gold mineralization within rocks of the
Karmutsen Formation. Valk is located 25 km north of the former Island Copper Mine (reported historical
production 367 Mt @ 0.33% Cu - Ref. BC Minfile 092L 158) and the North Island Copper and Gold
Project (Indicated resource of 304 Mt @ 0.21% Cu - Ref. BC Minfile 092L 240).
Qualified Persons
Mr. Wes Hanson, P. Geo., President & CEO of Xplore and registered in the Provinces of Ontario is the
"Qualified Person" under
National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI
43-101")
and is responsible for the technical contents of this news release and has approved the
disclosure of the technical information contained herein.
About Xplore Resources (TSXV: XPLR)
Xplore Resources is a Toronto based mining exploration company listed on the TSX Venture Exchange
under symbol XPLR and is focused on the acquisition and development of copper and gold projects in
the Americas. The Company is led by an experienced management team with executive and senior
management experience in exploration, development, operations and mergers and acquisitions.
For additional information, please visit the Company's website at
www.xploreresources.com
ON BEHALF OF THE BOARD
"Wesley C. Hanson"
President & CEO
For further information, please contact:
Phone: +1 647-362-9675
Email: [email protected]
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS
THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE
ANY SECURITIES REFERRED TO HEREIN WILL NOT BE REGISTERED UNDER THE U.S.
SECURITIES ACT OF 1933, AS AMENDED (THE "1933 ACT"), AND MAY NOT BE OFFERED OR
SOLD IN THE UNITED STATES OR TO A U.S. PERSON IN THE ABSENCE OF SUCH
REGISTRATION OR AN EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE
1933 ACT.
Notice on forward-looking statements:
Information set forth in this news release contains forward-looking statements. These statements
reflect management's current estimates, beliefs, intentions and expectations; they are not guarantees
of future performance. Xplore cautions that all forward-looking statements are inherently uncertain and
that actual performance may be affected by a number of material factors, many of which are beyond
Xplore's control. Such factors include, among other things: risks and uncertainties relating to Xplore's
ability to complete the proposed Transaction; and other risks and uncertainties, including those to be
described in the Filing Statement to be filed by Xplore on
SEDAR.com
. Accordingly, actual and future
events, conditions and results may differ materially from the estimates, beliefs, intentions and
expectations expressed or implied in the forward-looking information. Except as required under
applicable securities legislation, Xplore undertakes no obligation to publicly update or revise forward-
looking information.
NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO UNITED STATES
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