(TheNewswire)
Vancouver, British Columbia – TheNewswire - June 4 th , 2021 - ExploitsDiscovery Corp. (“Exploits” or the “Company”) (CSE:NFLD) (CNSX:NFLD.CN) (OTC: NFLDF ) (FSE:634-FF) announces thatMichael Collins has resigned from his positions as Presidentand CEO, effective immediately. William M. Sheriff,Director, has been appointed inter im President and CEO.
Mr. Sheriff comments “The current drilling program at Schooner, fivepermitted drill targets, and substantial land package in highlyprospective ground are the cornerstones of this company. Currentexploration and operational activities at Exploits will continueuninterrupted as we remain committed to the exciting opportunities infront of us. The ongoing exploration work and thesis on which thiscompany was built form a strong foundation for continuingdiscovery.”
An entrepreneur and visionary with over 30 years’ experience in theminerals industry and the securities industry and has been responsiblefor capital raises in excess of $300 million. Mr. Sheriff was apioneer in the uranium renaissance as co founder and Chairman ofEnergy Metals Corp. and was responsible for compiling the largestdomestic uranium resource base in US history before the company wasacquired by Uranium One Corp for $1.8 Billion. Mr. Sheriff presentlyserves as the Executive Chairman of enCore Energy Corp. and Chairmanof Golden Predator Mining Corp. Mr. Sheriff also serves as a Directorof Ely Gold Corp. and Director of Group 11 Technologies Inc, a privatecompany committed to the development and application ofenvironmentally and socially responsible precious metals mineralextraction as an alternate to conventional mining methods. Mr. Sheriffpreviously served as a Director of Western Lithium USA Inc., UraniumOne Inc., Midway Gold Corp., Eurasian Minerals Inc. and StarcoreInternational Mines Ltd. Mr. Sheriff was also a registeredrepresentative, holding positions with A.G.Edwards and Mitchum Jonesand Templeton, in addition to having his own securities firm. Mr.Sheriff holds a B.Sc. degree (Geology) from Fort Lewis College,Colorado and an MSc in Mining Geology from the University of Texas ElPaso and compiled one of the largest privately held mining databasesin the world.
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,Gazeebow covering over 2,000 square kilometres of mineral tenements.The PB Hill projects syndicate covers an additional area of almost2,000 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/ " WilliamSheriff "
President and CEO
For further information, pleasecontact:
William M. Sheriff ,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 obtaininggovernmental approvals and permits, and other risks in the miningindustry. All the forward-looking statements made in this news releaseare qualified by these cautionary statements and those in ourcontinuous disclosure filings available on SEDAR at www.sedar.com . These forward-lookingstatements are made as of the date hereof and the Company does notassume any obligation to update or revise them to reflect new eventsor circumstances save as required by applicable law.
Exploits Discovery would like to acknowledge the financial support ofthe Junior Exploration Assistance Program from the Department ofNatural Resources, Government of Newfoundland and Labrador.
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