(TheNewswire)
Vancouver, British Columbia – TheNewswire - July 6th, 2022 - ExploitsDiscovery Corp. (“Exploits” or the “Company”)(CSE:NFLD) (OTC:NFLDF) (FSE:634-FF) is pleased to announce it hasappointed Doug Cater to the Board of Directors, effective July 6th,2022 and welcomes Mark Richardson as senior exploration geologist toits exploration team.
Mr. Doug Cater P. Geo, FGC, is a professional geologist with more than35 years of experience in exploration and mining of precious metalsincluding project management of exploration programs and miningprojects. From January 2016 to January 2019, Mr. Cater served as VicePresident Exploration (Canada) for Kirkland Lake Gold Ltd., a largeCanadian public gold mining company with operating mines andexploration projects located in northeastern Ontario and Australia. He provided geological due diligence on the acquisition of NewmarketGold which owned the Fosterville Mine. This acquisition resulted inKirkland Lake Gold building the Fosterville mine into one of thehighest-grade, lowest cost and profitable producing gold mines in theworld. In 2019, D. F Cater Consulting Geologist Ltd was incorporatedas a consulting company which conducts property evaluations, technicalreports and project management services to mining and mineralexploration companies. Mr. Cater is a Director of Sierra Metals Inc.and Mayfair Gold Corp. He is also a graduate of the ICD- RotmanDirectors Education Program.
Mark Richardson is a senior geologist with focused greenfield goldexploration experience. Most recently, Mark was Project Geologist atLabrador Gold Corp., where he was instrumental in developing theapproach that led to discovery of the ‘Big Vein’, Golden Glove,HTC Zone and Doyle Zone. Mark’s previous work as an ExplorationGeologist at GeoVector included mapping and identification of keymineralized shear zones in highly-deformed volcanic and sedimentarystrata. Mark holds a Master of Science from the University of NewBrunswick where his thesis work was focused on the structural controlson mineralization in turbidite hosted gold.
The Company also announces that effective July 6th, 2022, Mr. WilliamSheriff has resigned as director. The Company wishes tothank Mr. Sheriff for his contributions to the Company and wishes himsuccess on his new endeavour.
Jeff Swinoga, President and CEO stated, “On behalf of our Board ofDirectors, I am incredibly pleased towelcome Doug Cater to our Board. He has vast and insightful technicalknowledge from decades of experience leading successful explorationteams for large and mid-tier mining companies as well as knowledge ofhigh-grade, structurally controlled gold deposits within easternCanada and Fosterville in Australia. Doug will be a key contributoras we execute our exploration plans on one of the largest and moststrategic land packages around New Found Gold in beautifulNewfoundland & Labrador. Our team is largely complete now as wewere successfully able to attract exceptionally talented individuals such as KenTylee joining us as VP Exploration in April, and Mark Richardson inJune to our already experienced and local exploration team. Ipersonally, and on behalf of our Board, want to thank Bill Sheriff forhis significant contributions to Exploits and congratulate him on hisnew endeavour in Newfoundland and Labrador.”
Ken Tylee, VP Exploration added, “We are very pleased to attractsomeone of Mark’s talent-level, especially with his considerablelocal exploration knowledge. I have already observed that Mark ismaking a positive impact on Exploits Discovery’s technical teambased in Gander. I am highly confident that our entire crew has thetechnical skills and aggressive attitude to maximize our opportunitiesfor making a gold discovery along the northern extensions of theAppleton, Valentine, and Dog Bay structural zones.”
The Company also announces that, in accordance with the Company’sStock Option Plan, it has granted incentive stock options to acquire450,000 common shares in aggregate to these individuals in the capitalof the Company at an exercise price of $0.25, expiring July 6, 2025.
About Exploits Discovery Corp.
Exploits Discovery is a Canadian mineral exploration company focusedon the acquisition and development of mineral projects in Newfoundland and Labrador, Canada. The Company isactively exploring the Jonathan's Pond, Dog Bay, Mt. Peyton, MiddleRidge, True Grit, Great Bend, and Gazeebow projects coveringapproximately 2,000 square kilometres of mineral tenements.
Exploits believes that the Exploits Subzone Gold Belt, which runs 200kilometres 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 has been the focus of major staking and financingsince late 2019 with high grade gold discoveries by Newfound Gold andLabrador Gold as well as advanced resource development by SokomanMinerals.
The team at Exploits, with significant local experience and knowledge,have studied the entirety of the Exploits Subzone and surroundingregions, and having picked individual land claims for staking,purchase or joint ventures, have developed a land package where thereare opportunities for world class discoveries and mine development.Exploits is leveraging its local team and geologic understanding andbecoming one of the most extensive explorers in the Exploits Subzone.
ON BEHALF OF THE BOARD
/s/ "Jeff Swinoga"
President and CEO
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-looking statements are made as of the date hereof andthe Company does not assume any obligation to update or revise them toreflect new events or circumstances save as required by applicablelaw.
Exploits Discovery would like to acknowledge thefinancial support of the Junior Exploration Assistance Program fromthe Department of Natural Resources, Government of Newfoundland andLabrador.
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