(TheNewswire)
Vancouver, British Columbia – TheNewswire - March 24,2021 – Happy Creek MineralsLtd. (TSXV:HPY) (“Happy Creek” or the “Company”) announces changes to the Company’s leadership team,designed to strengthen the Company and build value for Happy Creek’sshareholders.
Mr. David Blann, P.Eng. has resigned as President andChief Executive Officer of the Company, effective March 23, 2021, forpersonal reasons. Mr. Blann will remain as a Director of Happy Creekand has been appointed Chief Geologist of the Company.
The Board has appointed Mr. M.S. (Mike) Cathro M.Sc.,P.Geo. as Interim President and Chief Executive Officer,effective March 23, 2021. Mr. Cathro has been aDirector of Happy Creek since 2012. Mr. Cathro resides in Kamloops,in close proximity to the Company’s projects. Mr. Cathro is anexploration geoscientist with more than 35 years of operational andexecutive experience in North America and overseas. Mr. Cathro has ledand been part of successful teams advancing precious and base metalprojects through exploration, economic evaluation, environmentalassessment, and permitting, including the Snip gold mine, GJcopper-gold project, New Afton copper-gold mine and others. Mr. Cathrohas volunteered in many capacities, including as Chair of GeoscienceBC, an independent, public geoscience research organization.
Ms. Sarah Weber, P.Geo., MBA has been appointed asDirector of the Company, effective March 23, 2021. Ms. Weber is aProfessional Geoscientist with over 20 years of diversified experiencein the natural resource sector including extensive experience workingwith Indigenous Communities and government within BC. Ms. Weber iscurrently President and Chief Executive Officer of C3 Alliance Corp., a private consulting company that works closelywith Indigenous peoples, the resource sector, governments andcommunities. Ms. Weber p rovides leadership inbuilding positive relationships between industry, Chambers ofCommerce, municipal governments, Provincial governments, Indigenouscommunities and NGOs. Ms. Weber holds a B.Sc. in Geology from theUniversity of British Columbia and an Executive MBA from the BeedieSchool of Business, Simon Fraser University.
Mr. C.J. (Charlie) Greig, M.Sc, P.Geo has beenappointed as Technical Advisor of the Company, effective March 23,2021. Mr. Greig is President of C.J. Greig & Associates Ltd.,which provides geological consulting services to clients throughoutBritish Columbia and farther afield. Past projects include work onBrucejack Lake (Pretivm), Red Mountain (Lac Minerals, IDM), SilbakPremier (Westmin, Ascot), IKE (HDI-Amarc), and others. Mr. Greigcurrently serves as VP Exploration of GT Gold Corp. where he led theexploration team that delivered the very large scale Saddle Northcopper-gold and Saddle South gold-silver discoveries. GT Gold Corp.recently accepted a takeover offer from Newmont Corp. for . In 2020, Mr. Greig was awarded the AME 2020 H.H. “Spud”Huestis Award for significant contributions to enhancing the mineralresources of BC and/or the Yukon Territory.
Mr. Walter Segsworth, P. Eng. will remain as Chairmanof the Board in a non-executive capacity.
Mr. Segsworth, stated “On behalf of the Board and theshareholders of Happy Creek, I extend my heartfelt appreciation to Mr.Blann, who founded the Company and has been Happy Creek’s drivingforce since 2004. Through Mr. Blann’s leadership and carefulstewardship Happy Creek acquired and advanced the Company’s100%-owned projects. Mr. Blann is responsible for the discovery andresource definition of the high-grade Fox tungsten deposits, as wellas the assembly of the Company’s very large and prospective HighlandValley project, including the discovery of porphyry coppermineralization at Zones 1 and 2. The Company continues to benefit byhaving access to Mr. Blann’s experience and knowledge through hisrole as Chief Geologist. I would also like to welcome Ms. Weber to theBoard and Mr. Greig as Technical Advisor. The Board and Managementlook forward to working closely with both Ms. Weber and Mr.Greig.”
Mr. Segsworth continued “The Board has begun astrategic review process, which will include the search for apermanent President and Chief Financial Officer and an evaluation ofthe Company’s projects for continued advancement, divestment,acquisitions, M&A and/or corporate restructuring.”
In addition, the Company has issued 3,950,000 optionsto certain officers, directors and othereligible persons of the Company. The options are exercisable over aperiod of five years at a price of $0.10 per share.
On behalf of the Board of Directors,
“Mike Cathro”
Interim President and Chief Executive Officer
FORFURTHER INFORMATION, PLEASE CONTACT:
Mike Cathro, Interim President andChief Executive Officer
Office: Phone: (604) 662-8310
Email: mcathro@happycreekminerals.com
FOR FURTHER INFORMATION, PLEASECONTACT:
Walter Segsworth, Chair
Email: wsegsworth@happycreekminerals.com
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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