(TheNewswire)
Toronto, ON, May 10, 2024 – TheNewswire - Metalite Resources Inc.(CSE:METL) (OTC:JNCCF) (Frankfurt:5VHA) (" Metalite " or the" Company ") is pleased to announce the appointment of ChrisHazelton as Chief Executive Officer and Director of the Companyeffective immediately.
Mr. Hazelton is an experienced finance professionalwith more than 20 years of operational and advisory experience invarious capacities and industries. Mr. Hazelton continuously offershis expertise to publicly listed and private companies in Canada andthe United States. Previously, Mr. Hazelton has held a number ofsenior finance roles, including but not limited to Chief ExecutiveOfficer and Director at Universal PropTech Inc., Vice President forCavalry Corporate Solutions Ltd., Chief Executive Officer and Directorat Canada Pacific Capital Corp., Chief Financial Officer for LineageGrow Co. Ltd. (now StateHouse Holdings Inc.) and Chief FinancialOfficer & Director at Sagittarius Capital Corp. (now Water WaysTechnologies Inc.) In addition, Mr. Hazelton was on the board ofPsyched Wellness Ltd. Mr. Hazelton is a Chartered ProfessionalAccount and holds an undergraduate degree from McMasterUniversity.
Mr. Hazelton’s appointments come after DavidMelling’s resignation as Chief Executive Officer and Director of theCompany due to his decision to retire.
The Company wishes to thank David Melling for hiscommitment and the contributions he made to the Company during histenure and wishes him well in his retirement.
The Canadian Securities Exchange has in no way passedupon the merits of the proposed transactions and has neither approvednor disapproved the contents of this news release.
About Metalite Resources Inc.
Metalite Resources Inc. is a Canadian junior mineralexploration issuer with a precious metals focused project in NSW,Australia.
About Cachee Gold Mines Corp.
Cachee Gold Mines Corp. is a private mineralexploration company headquartered in Toronto, Canada. Cachee currentlyhas two projects which are 100% owned by Cachee: 1) Launay GoldProject - comprised of large claims package in the heart of theAbitibi, a world class mining district; and 2) Titan Project –comprised of approximately 5,445 contiguous hectares comprising 17patented claims and 84 unpatented claims in Nipissing District,Ontario, with an inferred resource estimate of 46 million tonnesgrading 48.32% Fe 2 O 3 , 0.24% V and14.88% TiO 2 . Cachee'sleadership team is comprised of seasoned individuals with a trackrecord in mining, technology, life sciences and finance.
For further information please contact:
info@metaliteresources.com
To learn more, please visit https://www.metaliteresources.com/ .
Forward-LookingStatements
This news release contains certain"forward-looking statements." All statements, other thanstatements of historic fact, that address activities, events ordevelopments that Metalite believes, expects or anticipates will ormay occur in the future are forward-looking statements.Forward-looking statements are often, but not always, identified bythe use of words such as "seek," "anticipate,""believe," "plan," "estimate, “expect," and "intend"and statements that an event or result "may,""will," "can," "should,""could," or "might" occur or be achieved and othersimilar expressions. These forward-looking statements reflect thecurrent expectations or beliefs of Metalite based on informationcurrently available to Metalite. Forward-looking statements aresubject to a number of risks and uncertainties that may cause theactual results of Metalite to differ materially from those discussedin the forward-looking statements, and even if such actual results arerealized or substantially realized, there can be no assurance thatthey will have the expected consequences to, or effects on Metalite.Forward looking statements in this press release include statementsregarding the proposed transactions with Cachee and between Osprey andFerromin and the timing thereof. Factors that could cause actualresults or events to differ materially from current expectationsinclude, among other things, failure to obtain all necessary approvalsfor the completion of the transactions discussed herein. Anyforward-looking statement speaks only as of the date on which it ismade and, except as may be required by applicable securities laws,Metalite disclaims any intent or obligation to update anyforward-looking statement, whether as a result of new information,future events or results or otherwise. Although Metalite believes thatthe assumptions inherent in the forward-looking statements arereasonable, forward-looking statements are not guarantees of futureperformance and accordingly undue reliance should not be put on suchstatements due to the inherent uncertainty therein. Neither theCanadian Securities Exchange nor its Regulation Services Provideraccepts responsibility for the adequacy or accuracy of thisrelease.
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