(TheNewswire)
Vancouver, British Columbia – TheNewswire - June 8 th , 2021 - ExploitsDiscovery Corp. (“Exploits” or the “Company”) (CSE:NFLD)(OTC: NFLDF ) (CNSX:NFLD.CN) (FSE:634-FF) announces,effective June 7 th , 2021, the appointment of Ms. Siri C. Genikas a Director of the Company and announces the implementation ofcorporate governance policies to guide Exploits in its pursuit toacquire and develop gold projects in Canada’s Newfoundland.
Significant unanimous decisions ofthe Exploits Board of Directors include:
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- The formation of an Executive Search Committee toactively and aggressively seek a permanent Chief Executive Officer forthe Company;
- The formal approval of a Code of Conduct; a CorporateDisclosure & Insider Trading Policy; ESG Principles; andEnvironment, Health & Safety Principles all of which will beposted on the corporate website;
- The formation of a Governance & NominationsCommittee; a Compensation Committee, and an Investment Committee allof which include Board-approved Charters and are filled by a majorityof independent Directors;
- The addition of one new Board seat which will befilled by Ms. Siri C. Genik.
William M. Sheriff, Interim Chief Executive Officer said ”Onbehalf of the Board of Directors I wish to welcome Ms. Genik to theExploits Board of Directors. Her global expertise in governance andsustainability will serve the Company immensely. I also want to thankthe collective shareholders, specifically New Found Gold and Mr. EricSprott, for their complete support and endorsement of the Companygoing forward as we implement new corporate governance and swiftactions to uphold and respect the rights of all shareholders. ExploitsDiscovery has an incredible land position, a great team and withdrilling presently underway, we all look forward to an exciting 2021exploration season.”
Siri C. Genik, Director
Ms. Genik is the principal of BRIDGE© and during thecourse of her career has spent over 25 years working on majorcapital projects, from the Americas to the Middle East, Africa, Europeand Eurasia. Her experience lies primarily in Non-technical RiskAssessments and Strategic Planning, ESG and Sustainability,Stakeholder Relations and External Affairs. Siri also has extensiveexperience in negotiating agreements and mediation. Her focus hasbeen developing strategies that bring together the business solutionwith the governmental policies, socioeconomic concerns and communitypriorities. Siri builds bridges between the boardroom, the projectworld and the teams on the ground, focusing on providing long-termvalue and achieving cost-driven results.
Ms. Genik presently serves as a Director of the Boardfor the Prospectors & Developers Associationof Canada (PDAC); Co- Chair of the Sustainability and Lands & RegulationsCommittees (PDAC); Director, Imperial Mining Group & Chair of the Audit Committee and Governance Committee. She is a CIM Distinguished Lecturer - CSR (2018-2019); Director of the Canada-Mongolia Chamber of Commerce and previouslyserved as Vice President, Women-in-Mining-Canada (2015- 2021).
Ms. Genik holds a Mediationcertification (Canada), is a member of theBar of the Province of Québec; holds her LL.L from the Université de Montréal plus holds both a Business Administration Certificate and B.A., Political Science and Economics from McGill University. Siri perfectly tri-lingual (English, Frenchand Spanish).
William M. Sheriff, Interim ChiefExecutive Officer: Declaration of Interests
William M. Sheriff, Interim Chief Executive Officer also wishes toformally advise of his Declaration of Interests in Newfoundland &Labrador. Mr. Sheriff, who also serves on several corporate boards asidentified on the Exploits Discovery Board of Directors page, is alsoa well known prospector. Prior to assuming the Interim Chief ExecutiveOfficer position at Exploits he, through his private company, PlatoroWest Inc, staked significant land holdings in Newfoundland and alsoentered into formal agreements with severalNewfoundland/Labrador-based prospectors. Mr. Sheriff also owns TheRock Gold Corp, a private Newfoundland/Labrador corporation. Mr.Sheriff has ceased all activities relating to these holdings whileserving as Chief Executive Officer.
Exploits Discovery is a Canadian mineral exploration company focusedon the acquisition and development of mineral projects inNewfoundland, Canada. The Company currently holds the Jonathan'sPond, Dog Bay, Mt. Peyton, Middle Ridge, True Grit, Great Bend, andGazeebow projects covering approximately 2,000 square kilometres ofmineral tenements. The PB Hill projects syndicate covers an additionalarea of almost 2,000 square kilometres.
With five permitted drill targets, ample cash reserves, and a drillworking and committed through the summer 2021, Exploits is positionedfor discovery.
Exploits believes that the Exploits Subzone Gold Belt, which runs200 km from Dog Bay southwest to Bay d'Espoir, has been neglectedsince the last major exploration campaigns in the 1980s. The last 40years have seen incremental advancements in the understanding of goldmineralization in the camp. The sum of this knowledge is now comingtogether in discrete and effective exploration models that havedelivered results including New Found Gold's 2019 discovery hole. TheExploits Subzone and GRUB regions have been the focus of major stakingand financing since late 2019.
The team at Exploits, with significant local experience and knowledge,have studied the entirety of the Exploits Subzone and surroundingregions, and have picked individual land packages for staking or jointventures, where there are opportunities for world class discoveriesand mine development. Exploits intends to leverage its local team andthe larger shift in geologic understanding and become one of the mostextensive explorers in the Exploits Subzone.
ON BEHALF OF THE BOARD
/s/ " William M.Sheriff "
Interim President and CEO
For further information, pleasecontact:
William M. Sheriff , InterimPresident and CEO
Tel: ( 972)333-2214
Neither the Canadian SecuritiesExchange nor its Regulation Service Provider (as the term is definedin the policies of the Canadian Securities Exchange) acceptsresponsibility for the adequacy of accuracy of this newsrelease.
Forward-Looking Statements
This news release contains certain forward-lookingstatements, which relate to future events or future performance andreflect management's current expectations and assumptions. Suchforward-looking statements reflect management's current beliefs andare based on assumptions made by and information currently availableto the Company. Readers are cautioned that these forward-lookingstatements are neither promises nor guarantees, and are subject torisks and uncertainties that may cause future results to differmaterially from those expected including, but not limited to, marketconditions, availability of financing, actual results of the Company'sexploration and other activities, environmental risks, future metalprices, operating risks, accidents, labor issues, delays in obtaining governmental approvals and permits, andother risks in the mining industry. All the forward-looking statementsmade in this news release are qualified by these cautionary statementsand those in our continuous disclosure filings available on SEDARat www.sedar.com . Theseforward-looking statements are made as of the date hereof and theCompany does not assume any obligation to update or revise them toreflect new events or circumstances save as required by applicablelaw.
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