(TheNewswire)
Vancouver, B C - TheNewswire - December 15,2022 - Arizona Silver ExplorationInc. (TSXV: AZS ) ( OTC:AZASF ) is pleasedto announce it has appointed Jim Engdahl as an Independent Director ofthe Company and will be replacing Mr. Brady Stiles, who has resignedas a Director, effective December 14, 2022. Mr. Stiles was firstappointed to the Board on November 18, 2019.
Mr. Jim Engdahl is the CEO and Director of MAS GoldCorp. and currently Chairman of the Board of Aurex Energy Corp. and aDirector and Chair of Audit Committee of Hanstone Gold. Jim hasextensive experience in corporate finance, M & A, strategicbusiness planning, and a strong knowledge in industries that includemining, energy, and environmental sectors. He has a passion for peopleand solving business problems. Mr. Engdahl was the former VicePresident of Barclays Bank of Canada and has been involved inleadership of many public and private companies, including Pacific& Western Trust, Shore Gold Inc., and Claude Resources. He wasalso the Regional Advisory Partner of the corporate finance arm of oneof Western Canada largest accounting firms. This position came becauseof the accounting firm’s purchase of Cascadia Ventures Inc., acorporate financing and consulting group responsible for raisingproject financing more than $100 million of which Jim was ManagingPartner.
He is also a former President, CEO & Director ofGreat Western Mineral Group Ltd. (“GWMG”) as well as a formerDirector for Great Western Diamonds (“GWD”), both were publiclytraded companies listed on the TSX. During his tenure, the companieswere involved in advanced development of a Rare Earth deposit as wellas exploration of a diamond bearing kimberlitic deposit inSaskatchewan. Subsequently GWD was sold in 2009 so the company couldmaintain focus on building one of the world’s premiere Rare Earthcompanies. Mr. Engdahl also served on the Board of Formation Capitaland eCobalt for over 20 years advancing the Idaho Cobalt Project,which is nearing completion of construction and commercial productionby the successor company Jervois Global.
During his seven years at GWMG Jim was responsible forraising over $150 million for the company as well as acquiring one ofthe highest-grade Rare Earth mines in the world via a creepingtakeover. During this time, he was also responsible for theacquisition of one of the only Rare Earth alloy plants outside ofChina providing key magnet alloys to most of the Rare Earth magnetusers of the world.
Mr. Engdahl has experience presenting legislativeissues to the U.S. Government and was involved in providing testimonyto congress on Rare Earths and other specialty metals.
Mike Stark, President and CEO of the Company, stated, "On behalf of the Board of Directors, it is my pleasure towelcome Jim to the team at this exciting juncture for the Company aswe build and advance our Philadelphia property, the next emergingdiscovery in Arizona. Jim brings an immense amount of credibility toArizona Silver, with an extensive experience that adds a crucial newdynamic to our board of directors. I look forward to the opportunityto work closely with Jim as we ready for our next phase ofgrowth
Mr. Engdahl stated, “I am very excited to be back onthe board of a company alongside Greg Hahn but also enthusiastic aboutthe leadership of the Company. The Philadelphia property is showingthat it is advancing fast. Arizona Silver ispositioned extremely well with what looks like a strong rebound in thegold market and extremely favorable environment for the gold andsilver in the near term.”
Mr. Stark also takes the opportunity to thank BradyStiles for his valuable service to the Company and stated that, “Weare pleased that Brady has agreed to stay on in his capacity as anAdvisor to the Company It has been Brady’s wish to spend moretime with his family and focus on personal matters. I wish to expressmy sincere gratitude for everything Brady has done for ArizonaSilver.”
Mr. Stiles commented: "Iremain a firm believer in the Company’s projects. The team isexperienced and positioned to move the companyforward. I am delighted that Jim Engdahl has been appointed so swiftlyand that he shares the team's vision. It remains a pleasure to be partof the Arizona Silver Exploration journey both as an advisor and ashareholder".
About Arizona Silver ExplorationInc.
Arizona Silver is a young exploration company focusedon exploring gold-silver properties in western Arizona and Nevada.The flagship asset is the Philadelphia property and the subject ofthis news release.
On behalf of the Board of Directors:
ARIZONA SILVER EXPLORATIONINC.
Mike Stark, President and CEO,Director
Phone: (604) 833-4278
Neither the TSX Venture Exchange norits Regulation Services Provider (as that term is defined in thepolicies of the TSX Venture Exchange) accepts responsibility for theadequacy or accuracy of this release.
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