VANCOUVER, BRITISH COLUMBIA (May 24, 2017) - Rotation Minerals Ltd. (“Rotation” or the “Company”) (TSX-V:ROT), announces the following updates with respect to the Company.
Mr. Randy Kasum has resigned as CFO, Corporate Secretary and a Director of the Company, effective May 24, 2017. Mr. Brent Petterson, currently a Director of Rotation, has assumed the position of CFO, on an interim basis. Rotation has retained the services of Ms. Christina Boddy to act as the Company’s corporate secretary, a position she holds for a number of publicly-listed resource companies.
At May 24, 2017, the directors of the Company are Bradley Rourke (CEO), Brent Petterson (CFO), and Ed Kruchkowski, P. Geo.
The Company is also pleased to announce that Mr. Ernest Mast, Mr. Lon Shaver, and Mr. Jason Weber have joined the Rotation’s newly-formed Advisory Board and will be providing support to management and the board in the areas of project development, corporate development and geology. Mr. Brad Rourke, President and CEO of Rotation, stated, “I would like to welcome these three gentlemen to the Rotation team and am confident they will provide invaluable guidance and assistance to Rotation in achieving its goals of advancing its current projects and securing additional growth opportunities.”
Ernest Mast, M. Eng., P. Eng., is the former President and CEO of Primero Mining, the former President and CEO of Minera Panama, a subsidiary of Inmet Mining developing the Cobre Panama project, and the former VP Operations of New Gold. Mr. Mast has over 25 years of experience in all stages of gold and base metals projects, having worked in Canada, USA, Mexico, Dominican Republic, Panama, Chile and Australia.
Lon Shaver, CFA, has 25 years of capital markets and corporate experience, mostly focused on the Canadian mining sector. This includes roles as an investment banker with Raymond James and Merrill Lynch, where he completed numerous financing and M&A mandates, as well as a mining analyst with an institutional sell-side firm. Mr. Shaver’s corporate experience includes CFO roles with a publicly-listed mining company and a private technology company.
Jason Weber, P. Geo., is currently President, CEO and Director of Alianza Minerals. He is an exploration geologist with over 20 years of experience in the minerals exploration industry, including BC’s Golden Triangle, in technical and corporate roles. He is the former President and CEO of Kiska Metals Corporation and one of its predecessors, and was a project geologist with Equity Engineering, working on projects in Canada and Central America.
Rotation has granted a total of 900,000 options to acquire common shares of the Company to the members of the Advisory Board.
Mr. Rourke continued, “On behalf of the board and management team, I would like to thank Randy for his years of service and significant contributions to the Company. All of us sincerely wish Randy the very best and look forward to his ongoing contributions to Rotation as a consultant. I am pleased that Brent has agreed to take on additional responsibilities with the Company, as Rotation will surely benefit from his financial and regulatory reporting expertise. I would also like to welcome Christina to the team. With these changes and the creation of the Advisory Board, Rotation has immediately begun work on its exploration, financing and growth strategy, centred upon the company’s unique position as owner of the Scottie Gold mine.”
About Rotation Minerals Ltd.
Rotation Minerals Ltd. is a mineral exploration company focused on acquiring, exploring, evaluating, and developing gold projects in British Columbia’s Golden Triangle district. The Company’s main assets are the former producing Scottie Gold Mine and an option to earn a 70% interest in the 4-J property, both located in the Stewart area of BC.
This news release may contain statements that constitute “forward-looking information” for the purposes of Canadian securities laws. Such statements are based on the Company’s current expectations, estimates, forecasts and projections. Such forward-looking information includes statements regarding outlook for our future operations, plans and timing for exploration activities, and other expectations, intentions and plans that are not historical fact. Such forward-looking information is based on certain factors and assumptions and is subject to risks, uncertainties and other factors that could cause actual results to differ materially from future results expressed or implied by such forward-looking information. Important factors that could cause actual results to differ materially from management’s expectations include uncertainties relating to exploration results and geology, continuity and grade of deposits, participation in joint ventures, fluctuations in commodity prices and currency exchange rates, changes in environmental and other laws affecting mineral exploration and mining, and other risks and uncertainties facing the mineral industry as a whole. Many of these factors are beyond the control of the Company. Consequently, all forward-looking information contained in this news release is qualified by this cautionary statement and there can be no assurance that actual results or developments anticipated by Rotation will be realized. For the reasons set forth above, investors should not place undue reliance on such forward-looking information. Except as required by applicable law, Rotation disclaims any intention or obligation to update or revise forward-looking information, whether as a result of new information, future events or otherwise.
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Chief Executive Officer