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home / news releases / WIN:CC - Windfall Geotek Announces Appointment of a CEO


WIN:CC - Windfall Geotek Announces Appointment of a CEO

(TheNewswire)

DOES NOT CONSTITUTE AN OFFER OF THESECURITIES DESCRIBED HEREIN

Brossard, Quebec - TheNewswire - Dec14th, 2023 - Windfall Geotek (TSX-V:WIN ) ( OTC:WINKF ) ( FSE:L7C2) a leader in the use of Artificial Intelligence (AI) withadvanced knowledge-extraction techniques since 2005 in the miningsector is pleased to announce the appointment of Mr. David Beck, asthe Chief Executive Officer. David Beck’s career has focused oncapital markets, turnarounds, and M&A, primarily in the technologysector and more recently in the mining sector. Mr. Beck is currently aMember of the Board of directors for three public companies:DGTL-TSXV, ISD-TSXV, and LLM-CSE (prior four public companies).  Mostrecently, he was CFO of Advanced United Holdings (AUHI-CSE), a juniormining company, in which he successfully completed two year-endaudits.  Prior to this, he was Chairman & CEO of 3Sixty Secure(SAFE-CSE), a 250-person physical security services company.  Otherexperience includes public equity: Head of Technology InvestmentBanking at several boutique investment dealers, and consistentlytop-ranked technology Financial Analyst based in both New York Cityand Toronto; and private equity: Partner, Celtic House VenturePartners, and personal investments and advisory services to 20+private growth companies.

Mr. Beck holds an MBA (Dean’s List) from IveyBusiness School (University of Western Ontario) and a BSc Honours(Engineering Physics) from Queen's University.

Dinesh Kandanchatha, Chairman ofWindfall Geotek commented: “Mr. Beck brings decades of experience in the technology sector.His access to capital networks and his strong operational focusrepresent the next phase of Windfall’s growth in digital explorationleveraging artificial intelligence.”

David Beck commented : “I am verypleased to be joining the Windfall team.  Over the last severalyears, the company has focused on building an industry leading AI forexploration.  My mandate is to leverage these efforts and effectivelyexecute on go-to-market strategy, which creates significantshareholder value.”

In connection with the appointment, Windfall announcesthe grant of 4 million options to David Beck exercisable for a periodof 5 years.

About Windfall Geotek Powered byArtificial Intelligence (AI) since 2005

Windfall is an Artificial Intelligence company that hasbeen in business for over 15 years developing its proprietary AI anddata mining techniques. Windfall Geotek cancount on a multidisciplinary team that includes professionals ingeophysics, geology, Artificial Intelligence, and mathematics. It combines available public and privatedatasets including geophysical, drill hole and surface data. Thealgorithms designed and employed by Windfall are calculated tohighlight areas of interest that have the potential to be geologicallysimilar to other gold deposits and mineralization. The Company's objective is to develop a new royalty stream bysignificantly enhancing and participating in the exploration successrate of mining and to continue the Land Mine detection application asa high priority. Windfall has played a part innumerous past discoveries utilizing its methodology as describedat: https://windfallgeotek.com/ .

For further information, please contact:

Email: info@windfallgeotek.com

Website: www.windfallgeotek.com

Additional information about the Company is availableunder Windfall Geotek’s profile on SEDAR at www.sedar.com . Neither the TSXVenture Exchange nor does its Regulation Services Provider (as thatterm is defined in the policies of the TSX Venture Exchange) acceptresponsibility for the adequacy or accuracy of this release.

FORWARD-LOOKINGSTATEMENTS: This news release contains forward-looking statements,which relate to future events or future performance and reflectmanagement’s current expectations and assumptions. Suchforward-looking statements reflect management’s current beliefs andare based on assumptions made by and using information currentlyavailable to the Company. Investors are cautioned that theseforward-looking statements are neither promises nor guarantees, andthey are subject to risks and uncertainties that may cause futureresults to differ materially from those expected. Theseforward-looking statements are made as of the date hereof and, exceptas required under applicable securities legislation, the Company doesnot assume any obligation to update or revise them to reflect newevents or circumstances. All forward-looking statements made in thispress release are qualified by these cautionary statements and bythose made in our filings with SEDAR in Canada (available atWWW.SEDAR.COM).

Copyright (c) 2023 TheNewswire - All rights reserved.

Stock Information

Company Name: Windfall Geotek Inc.
Stock Symbol: WIN:CC
Market: TSXVC
Website: windfallgeotek.com

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