(TheNewswire)
Aurora, Ontario – TheNewswire - January 20,20 21 – Tri Origin Exploration Ltd. (“ Tri Origin ” or the “ Company ”) (TSXV:TOE) ispleased to announce the appointment of Brian Jennings as ChiefFinancial Officer and William McGuinty as Consulting Geologist andProject Manager effective immediately. Bill hasbeen tasked with initiating 2021 exploration activities for theCompany beginning with a 3,000 metre drill program on Tri Origin’sSky Lake property.
Mr. Jennings has over 30 years of financial experienceand holds a Chartered Professional Accountant designation combinedwith a Bachelor of Science with a major in Geology. Brian has 15 yearsof experience as a CFO or member of the Board of Directors of severalpublic companies in the resource, internet technology, manufacturingand aerospace industries. He has significant experience specializingin corporate restructuring with Ernst & Young and contractpositions as interim CFO, turnaround management, and distressedinvesting.
William McGuinty P.Geo. has worked in Canada andinternationally for Canadian stock exchange listed junior mineralexploration companies since 1981, holding progressive positions asproject geologist, exploration manager, country manager andVice-president Exploration. He served as VPExploration for Eastmain Resources prior to its acquisition by FuryGold Mines in 2020. Prior to Eastman Bill served as VP Explorationfor Intrepid Mines Ltd. until its takeover in 2008 and for QueenstonMining Inc. until its acquisition by Osisko Mining Corporation in2012. He is fluent in English, French andSpanish, and is a registered Professional Geoscientist in theprovinces of Ontario and Quebec.
In addition, pursuant to the Company’s Stock OptionPlan, stock options have been granted to certain officers, directors,consultants and employees of the Company to purchase an aggregate of1,310,000 Common shares of the Company at an exercise price of $0.28per share for a term of five years with service based vestingprovisions to support retention (the “ Options ”). TheOptions are subject to shareholder approval.
About Tri Origin
Tri Origin is a well-fundedexploration company driven by value generation through drilldiscovery. Tri Origin plans to conduct a drillprogram at its Sky Lake Gold Project in the first quarter of2021 . The Company has 48,991,685 sharesoutstanding with a strong portfolio of goldprojects in Canada. Tri Origin Exploration Ltd. trades on the TSXVenture Exchange under the symbol TOE.
For more information about TriOrigin, please visit www.triorigin.com or SEDAR www.sedar.com orcontact:
Andrew Thomson, President
Tri Origin Exploration Ltd.
Tel: (905) 727-1779
E-mail: invest@triorigin.com
Forward Looking Statements:
Neither TSX Venture Exchange nor its RegulationServices Provider (as that term is defined in the policies of the TSXVenture Exchange) accepts responsibility for the adequacy or accuracyof this release. This News Release includes certain “forward-looking statements” which are not comprised ofhistorical facts. Forward-looking statements include estimates andstatements that describe the Company’s future plans, objectives orgoals, including words to the effect that the Company or managementexpects a stated condition or result to occur. Forward-lookingstatements may be identified by such terms as “believes”,“anticipates”, “expects”, “estimates”, “may”,“could”, “would”, “will”, or “plan”. Sinceforward-looking statements are based on assumptions and address futureevents and conditions, by their very nature they involve inherentrisks and uncertainties. Although these statements are based oninformation currently available to the Company, the Company providesno assurance that actual results will meet management’sexpectations. Risks, uncertainties and other factors involved withforward-looking information could cause actual events, results,performance, prospects and opportunities to differ materially fromthose expressed or implied by such forward-looking information.Forward looking information in this news release includes, but is notlimited to, the intention to complete the Offering and the expectedexpenditure of the proceeds of the Offering, the Company’sobjectives, goals or future plans, statements, exploration results,potential mineralization, the estimation of mineral resources,exploration and mine development plans, timing of the commencement ofoperations and estimates of market conditions. Factors that couldcause actual results to differ materially from such forward-lookinginformation include, but are not limited to, the Company’s abilityto obtain all approvals required in connection with the Offering andsuccessfully complete the Offering, the Company’s ability to predictor counteract potential impact of COVID-19 coronavirus on factorsrelevant to the Company’s business failure to identify mineralresources, failure to convert estimated mineral resources to reserves,the inability to complete a feasibility study which recommends aproduction decision, the preliminary nature of metallurgical testresults, delays in obtaining or failures to obtain requiredgovernmental, environmental or other project approvals, politicalrisks, inability to fulfill the duty to accommodate First Nations andother indigenous peoples, uncertainties relating to the availabilityand costs of financing needed in the future, changes in equitymarkets, inflation, changes in exchange rates, fluctuations incommodity prices, delays in the development of projects, capital andoperating costs varying significantly from estimates and the otherrisks involved in the mineral exploration and development industry,and those risks set out in the Company’s public documents filed onSEDAR. Although the Company believes that the assumptions and factorsused in preparing the forward-looking information in this news releaseare reasonable, undue reliance should not be placed on suchinformation, which only applies as of the date of this news release,and no assurance can be given that such events will occur in thedisclosed time frames or at all. The Company disclaims any intentionor obligation to update or revise any forward-looking information,whether as a result of new information, future events or otherwise,other than as required by law.
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