(TheNewswire)
Vancouver, British Columbia – TheNewswire - April 14th, 2022 - Exploits DiscoveryCorp. (“Exploits” or the “Company”)(CSE:NFLD) (OTC:NFLDF) (FSE:634-FF) is pleased to announce the appointment of KenTylee as Vice-President of Exploration to the Company, effective April14th, 2022.
Mr. Tylee is a professional exploration geologist withover 35 years of mineral exploration focused on greenfield andbrownfield precious metal exploration throughout Eastern Canada. Mr.Tylee was previously at McEwen Mining where he was responsible forexploration budgets exceeding $15 million annually, leading a largeexploration team and overseeing 400,000 metres of drilling since 2018.Mr. Tylee’s previous experience includes leading exploration teamsat Kinross Gold, Goldcorp, Lake Shore Gold, and Moneta Porcupine.
Ken Tylee states “I am very excited to be joiningExploits Discovery with its large, strategic and prospective landpackage adjacent to Newfound Gold within the heart of the Province ofNewfoundland. I look forward to leading our aggressive andfully-funded exploration programs as we focus on advancingopportunities along the Company’s extensive claims overlying theinterpreted northern segment of the Appleton fault, the samestructural belt that recently generated multiple high-grade orogenicgold discoveries.”
“Ken brings a wealth of gold exploration experience from mature,mid-to-large tier mining companies with demonstrated success ingrowing resources within deep-seated and complex structural regimeslike those located in Newfoundland. His teams have contributedsignificantly to the advancement of mining decisions at classicCanadian deposits such as Hoyle Pond (high-grade underground) andHollinger (bulk-pit). We are very excited to have him join theExploits team and to begin leading our exploration programs within oneof the largest land packages in Newfoundland,” stated Jeff Swinoga,President & CEO of Exploits Discovery.
The Company also announces that it has granted Mr.Tylee incentive stock options of the Company to acquire 500,000 commonshares in the capital of the Company at an exercise price of $0.35(the “Options”), expiring April 14, 2025, in accordance with theCompany’s stock option plan.
About Exploits Discovery Corp.
Exploits Discovery is a Canadian mineral explorationcompany focused on the acquisition and development of mineral projectsin Newfoundland, 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 50% owned PB Hill projects syndicate covers anadditional area of almost 2,000 square kilometres.
Exploits believes that the Exploits Subzone GoldBelt, which runs 200 kilometres from Dog Bay southwest toBay d'Espoir, has been neglected since the last major explorationcampaigns in the 1980s. The last 40 years have seen incrementaladvancements in the understanding of gold mineralization in the camp.The sum of this knowledge is now coming together in discrete andeffective exploration models that have delivered results including NewFound Gold's 2019 discovery hole. The ExploitsSubzone has been the focus of major staking and financing since late2019 with high grade gold discoveries by Newfound Gold and LabradorGold as well as advanced resource development by SokomanMinerals.
The team at Exploits, with significant local experienceand knowledge, have studied the entirety of the Exploits Subzone andsurrounding regions, and having picked individual land claims forstaking, purchase or joint ventures, have developed a land packagewhere there are opportunities for world class discoveries and 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/ "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-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 thefinancial support of the Junior Exploration Assistance Program fromthe Department of Natural Resources, Government of Newfoundland andLabrador.
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