Xplore Resources Announces Changes to Board of Directors
Xplore Resources Announces Changes to
Board of Directors
Toronto, Ontario--(Newsfile Corp. - April 21, 2023) -
Xplore Resources Corp
.
(TSXV: XPLR)
(
"Xplore
or "the Company"
), announces that, effective immediately, Mr. David Patterson has resigned
from the Board of Directors.
The Board wishes to thank Mr. Patterson for his services.
Also, effective immediately, Mr. David Walters, MBA, has agreed to join the Board of Directors.
Mr.
Walters is a Managing Director at Ensign Capital, a Canadian registered Exempt Market Dealer, and is
a Director at Steep Hill. He previously managed the WATT Energy Limited Partnerships, has held
Director positions at publicly-listed Bird River Resources, Vast Exploration, and Stetson Oil & Gas and
has served as the Chief Executive Officer of Longford Energy.
Mr. Walters received an undergraduate
engineering degree from the Royal Military College of Canada and an MBA from the University of
Western Ontario.
Wes Hanson, President and CEO of Xplore, stated,
"On behalf of the Board, I wish to thank Mr.
Patterson for his contributions to Xplore over these past few years and wish him all the best in his
future endeavours. His efforts on behalf of Xplore are greatly appreciated. We also take this
opportunity to welcome David Walters to the Board and look forward to working with him as we
continue to focus on our lithium prospective properties in Canada and Brazil. David brings extensive
experience in project financing, accounting and capital markets to the Board. We are especially
excited about the discovery potential at both the Surge and Perrigo Lake claims, on strike of what is
evolving into one of the most prospective, hard rock lithium exploration districts in Ontario."
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 exploration of grass roots lithium properties in
Canada and Brazil. The Company is led by a highly experienced management team comprised of
industry experts with executive and senior management experience in geology, banking, private equity,
investor relations and law.
Lithium Properties
The Company is earning a 100% interest in the Surge (~3400 ha) and Perrigo Lake (~3300 ha) lithium
properties, both situated in northwester ON, approximately 100 kms north of Sioux Lookout ON. The
Surge property lies along the regional scale Pakwash-Lake St. Joseph Fault, approximately 2.0 kms
east of the Root Bay lithium discovery. The Perrigo property is located west of the Allison Lake batholith
considered to be "the largest fertile peraluminous granite mass in northwestern Ontario."
The Company, through it's wholly owned Brazilian subsidiary, holds a 100% interest in the Energia
(~4500 ha) and Borborema (~9100 ha) lithium properties in Brazil. The Energia claims are situated in
the state of Minas Gerais, the center of Brazil's rapidly evolving lithium production. The Borborema
claims are situated in the state of Rio Grade de Norte in northeastern Brazil, in a Borborema pegmatite
field, a historically significant producer of tantalum prior to 1980.
Qualified Person
Mr. Wes Hanson, P. Geo., President & CEO of Xplore and registered in the Province 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.
ON BEHALF OF THE BOARD
"Wesley C. Hanson"
President & CEO
For further information, please contact:
Phone: +1 647-362-9675
Email:
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
This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities in
any jurisdiction
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.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/163410