Yorbeau Announces Board and Senior Management Changes
YORBEAU RESOURCES INC.
110 Place Crémazie, Suite 503, Montréal, QC, H2P 1B9
www.yorbeauresources.com
111811457
PRESS RELEASE
FOR IMMEDIATE RELEASE
YORBEAU ANNOUNCES BOARD AND SENIOR MANAGEMENT CHANGES
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.
Montreal, May 11, 2020 - Yorbeau Resources Inc. (TSX: YRB) (the “ Company” or “Yorbeau”) today
announces th at Mr. Henri Gélinas and Mr. Jérôme Gendron have been appointed to the board of
directors of the Company and that Mr. Pierre Éloi Talbot has resigned as a director. Mr. Gélinas was
concurrently appointed as Chairman of the board of the Company.
Mr. Gérald Riverin, director and former President of the Company, and Mr. Amit Gupta, director and
former Chairman of the Company, will not be standing for re- election as directors of Yorbeau at the
Company’s upcoming annual shareholder meeting which is scheduled to be held on June 17, 2020.
The Company thanks Messrs . Gupta, Talbot and Riverin for their contributions to the Company during
their years of service.
Mr. Gélinas has over 50 years of experience in the construction and infrastructure industry. From 1965 to
1972, Mr. Gélinas worked at the Ministère d es Transports du Québec, where he participated in the
construction of the Trans -Canada Highway between Québec City and Rivière- du-Loup. In 1972,
Mr. Gélinas founded Construction Gely Inc., a construction company specialized in the constr uction of
bridges, roads, docks and airports in remote regions. In 1984, Mr. Gélinas expanded Construction Gely
Inc.’s operations into the Nunavik territory in Northern Québec, and again into Nun avut in 1987. Mr.
Gélinas is also the President and founder of Kudlik Construction Inc., a construction company founded in
1993, and Kudlik Aviation Inc., a regional air transport company founded in 2007. Mr. Gélinas holds a
Bachelor of Engineering (Metallurgy) from the University of Laval.
Mr. Gendron has extensiv e experience as an investment advisor, with a career spanning over 50 years
with Nesbitt, Thomson and Company (now BMO Nesbitt Burns Inc.). Mr. Gendron holds both a Bachelor
of Administration and a Bachelor of Engineering (Metallurgy) from the University of Laval, as well as a
Master of Business Administration from Ivey Business School.
The board of directors of the Company has also appointed Mr. Terry Kocisko as Interim Chief Executive
Officer.
Terry Kocisko, director and Interim Chief Executive Officer, commented: “I would like to welcome
Mr. Gélinas and Mr. Gendron to the board of Yorbeau . The Company is looking forward to the benefit of
their experience and insight in executing the Company’s strategic objectives.”
About Yorbeau Resources Inc.
Yorbeau Resources is a diversified mining exploration company with an enviable portfolio of exploration
properties in Quebec. The exploration projects comprise both gold and base metal projects, and the
strategic focus of the Company is on projects located in areas easily accessible and with infrastructure.
The wholly -owned Rouyn Property is the Company ’s main gold asset and contains four known gold
deposits in the 6 km long Augmitto- Astoria corridor situated on the western portion of the property. The
Company signed a definitive agreement in December 2018, whereby IAMGOLD has the opt ion to acquire
a 100% interest in the Rouyn property, where very encouraging drilling results were obtained in 2019.
The base metal assets include the Scott Project, which bears important mineral resources (see the press
YORBEAU RESOURCES INC.
110 Place Crémazie, Suite 503, Montréal, QC, H2P 1B9
www.yorbeauresources.com
111811457
release dated March 30, 2017) and o n which a positive Preliminary Economic Assessment was recently
completed.
For additional information on the Company, consult its website at www.yorbeauresources.com.
For further information, please contact:
G. Bodnar Jr.
President and Chief Financial Officer,
Yorbeau Resources Inc.
Tel: 514-384-2202
Toll free in North America: 1-855-384-2202
Forward-looking statements: Except for statement of historical fact, all statements in this news release,
including, without limitation, statements regarding the management succession planning of the Company,
are forward- looking statements which involve risks and uncertainties. There can be no assurance that
such statements will prove to be accurate; actual results and future events could differ materially from
those anticipated in such statements. Yorbeau disclaims any obligation to update such forward- looking
statements, other than as required by applicable securities laws.