(TheNewswire)
Vancouver, BC, March 27, 2023 – TheNewswire - EGR Exploration Ltd. (TSXV:EGR) (" EGR " or the " Company ") is pleased to announce the appointment ofDavid Stevenson to the Board of Directors with immediate effect. TheCompany is also announcing the resignation of Rafael Vaudrin.
Board of Director Changes
The Board of Directors have unanimously approved the appointment ofDavid Stevenson as a director of EGR Exploration. This decision wasmade following the resignation of Rafael Vaudrin. Mr. Vaudrin hastaken on a new position which does not allow for outside directorshipsdue to potential conflicts of interest. The Board wishes to sincerelythank Mr. Vaudrin for his many valuable contributions to the Companyduring his time as a director and wishes him well in the future.
Mr. David Stevenson is a co-founder and ChiefGeoscientist of Kenorland Minerals Ltd. He is a mineral explorationgeoscientist with over 15 years of combined experience in mineralexploration and geoscientific research throughout North America,Australia and South America. He has worked with a number of junior andmid-tier companies focusing on broad regional scale targeting todeposit definition. With combined experience in mineral explorationand exploration focused academic research, David is positioned to be aleader among the next generation of mineral exploration geoscientiststhrough applying sound scientific reasoning to develop explorationstrategies capable of unlocking the mineral potential in previouslyoverlooked terranes.
Departing director Rafael Vaudrin, comments: "It was apleasure and an honour to assist in the Company's transition and it isgood to know it is in good hands now and will be able to properlyexplore the Detour West Property. I am excited about the potential andwish the new team loads of determination and pinch of luck needed tomake a discovery.”
CEO Comments
Daniel Rodriguez CEO & Director, comments, "Dave has a proventrack record as co-founder and Chief Geoscientist of Kenorland, inmaking discoveries in the Superior Province. His skills and abilitiesin undercover exploration techniques are a welcome addition to EGR. Ilook forward to working with him and the rest of my team as we worktowards exploring Detour West."
"I want to thank Raf for the time and help he gave me inunderstanding Detour West and its potential. I wish you well in yournew role and all the best."
Options Grant
The Company has granted to Mr. Stevenson 175,000 options, vestingimmediately with a 5-year term, at an exercise price that is equal tothe closing price on March 27, 2023.
The stock options are subject to the policies of the TSX VentureExchange and the Company's stock option plan.
About EGR Exploration Ltd.
EGR Exploration Ltd. is exploring for gold in theDetour-Fenelon Gold Trend approximately 300 kilometres north ofTimmins, Ontario. EGR's 40,255 hectare Detour West gold project iscontiguous to Agnico Eagle's property which contains the Detour LakeGold Mine and is approximately 20 kilometres from the mine, which isalso hosted in the Abitibi Greenstone Belt.
For further informationcontact:
Daniel Rodriguez
CEO & Director
Phone: (604) 353-4080
Email: drodriguez@egrexploration.com
Forward ? Looking Statement (Safe HarborStatement): This press release contains forward-looking statementswithin the meaning of applicable securities laws. The use of any ofthe words "anticipate", "plan","continue", "expect", "estimate","objective", "may", "will","project", "should", "predict","potential" and similar expressions are intended to identifyforward-looking statements. In particular, this press release containsforward-looking statements concerning the Company's exploration plans.Although the Company believes that the expectations and assumptions onwhich the forward-looking statements are based are reasonable, unduereliance should not be placed on the forward-looking statementsbecause the Company cannot give any assurance that they will provecorrect. Since forward-looking statements address future events andconditions, they involve inherent assumptions, risks anduncertainties. Actual results could differ materially from thosecurrently anticipated due to a number of assumptions, factors andrisks. These assumptions and risks include, but are not limited to,assumptions and risks associated with conditions in the equityfinancing markets, and assumptions and risks regarding receipt ofregulatory and shareholder approvals. Management has provided theabove summary of risks and assumptions related to forward-lookingstatements in this press release in order to provide readers with amore comprehensive perspective on the Company's future operations. TheCompany's actual results, performance or achievement could differmaterially from those expressed in, or implied by, theseforward-looking statements and, accordingly, no assurance can be giventhat any of the events anticipated by the forward-looking statementswill transpire or occur, or if any of them do so, what benefits theCompany will derive from them. These forward-looking statements aremade as of the date of this press release, and, other than as requiredby applicable securities laws, the Company disclaims any intent orobligation to update publicly any forward-looking statements, whetheras a result of new information, future events or results or otherwise.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.
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