(TheNewswire)
Vancouver, British Columbia – TheNewswire - June 2, 2023 - Inflection Resources Ltd. (CSE:AUCU ) / ( OTC:AUCUF ) / ( FSE:5VJ) (the"Company" or "Inflection") is pleased to announce the appointment of Mr. Philip Yee, MBA, CPA as Chief Financial Officer of the Company. Mr.Yee is a professional accountant with graduate degrees in business andengineering, and has over 20 years’ experience in corporatemanagement, regulatory and compliance, accounting and audit, andtaxation for both private and public companies. Previously, Mr. Yeeheld executive management roles at Canagold Resources, EndeavourSilver and the Augusta Group. Inflection would like to thank Mr.John Wenger who previously served in the role of CFO for hiscontributions to the Company and wish him well in his other businessventures.
The Company has granted 200,000 incentive stock options(each, an “Option”) to Mr. Yee. Each Option is exercisable topurchase one common share of the Company at a price of $0.22 for afive-year term and will vest in six months after the date of grant. The Options are subject to the acceptance of the Canadian SecuritiesExchange.
AngloGold Ashanti AgreementUpdate
AngloGold Ashanti Australia Limited and Inflection arein the process of finalizing the last details of the DefinitiveFarm-in Agreement pursuant the terms of the non-binding Heads ofAgreement announced on February 23, 2023. The Company anticipatescompleting the Definitive Farm-in Agreement shortly.
About Inflection ResourcesLtd. Inflection is a technically drivencopper-gold and gold focused mineral exploration company listed on theCanadian Securities Exchange under the symbol “AUCU” and on theOTCQB under the symbol “AUCUF” with projects in eastern Australia. For more information, please visit the Companywebsite at www.inflectionresources.com .
On behalf of the Board ofDirectors
Alistair Waddell
President and CEO
alistair@inflectionresources.com
For further information, pleasecontact:
Brennan Zerb
Investor Relations Manager
+1 (778) 867-5016
Forward-Looking Statements: This news release includes certainforward-looking statements and forward-looking information(collectively, "forward-looking statements") within themeaning of applicable Canadian securities legislation. Although theCompany believes that such statements are reasonable, it can give noassurance that such expectations will prove to be correct. Often, butnot always, forward looking information can be identified by wordssuch as "pro forma", "plans", "expects","may", "should", "budget","scheduled", "estimates", "forecasts","intends", "anticipates", "believes","potential" or variations of such words including negativevariations thereof, and phrases that refer to certain actions, eventsor results that may, could, would, might or will occur or be taken orachieved. Forward-looking statements involve known and unknown risks,uncertainties and other factors which may cause the actual results,performance or achievements of the Company to differ materially fromany future results, performance or achievements expressed or impliedby the forward-looking statements. Such risks and other factorsinclude, among others, statements as to the anticipated business plansand timing of future activities of the Company, including theCompany's exploration plans. the proposed expenditures for explorationwork thereon, the ability of the Company to obtain sufficientfinancing to fund its business activities and plans, delays inobtaining governmental and regulatory approvals (including of theCanadian Securities Exchange), permits or financing, changes in laws,regulations and policies affecting mining operations, the Company'slimited operating history, currency fluctuations, title disputes orclaims, environmental issues and liabilities, as well as those factorsdiscussed under the heading "Risk Factors" in the Company'sprospectus dated June 12, 2020 and other filings of the Company withthe Canadian Securities Authorities, copies of which can be foundunder the Company's profile on the SEDAR website at www.sedar.com .
Readers are cautioned not to place undue reliance onforward-looking statements. The Company undertakes no obligation toupdate any of the forward-looking statements, except as otherwiserequired by law.
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