(TheNewswire) (exploitsdiscovery.com/) Vancouver, British Columbia - TheNewswire - September 15th, 2021 -Exploits Discovery Corp. (“Exploits” or the “Company”)(CNSX:NFLD.CN) (OTC:NFLDF) (FSE:634-FF) is pleasedto announce that Jeff Swinoga, a senior mining veteran, has joined theCompany as President, CEO and Director.
The Company thanks William Sheriff for his work andcontributions as Interim CEO. He will remain an active Director to theCompany. Mr. Sheriff stated, “On behalf of our Board of Directors,our employees and staff, I would like to congratulate Jeff and welcomehim to the Exploits team. His people and ESG focused leadership stylealong with his extensive industry expertise and network will be key tothe success of our company.”
Mr. Swinoga is a highly accomplished mining executivewith over 25 years of executive and management experience in the areasof capital markets, project advancement, development and projectconstruction. Most recently, he was the National Mining and Metals coLeader at EY Canada. Previously he was President and CEO of FirstMining Gold, Chief Financial Officer (“CFO”) of Torex GoldResources Inc. (“Torex”) where, during his four-year tenure, heled the US$400 million financing of Torex’s US$800 million ElLimon-Guajes gold mine on the Morelos property and led his team duringTorex’s transition from an exploration and development company to amid-tier gold producer. Prior to Torex, Mr. Swinoga spent four yearsas the CFO of North American Palladium Ltd. (“NAP”), during whichtime NAP financed and constructed the underground Offset Zoneexpansion project for the Lac des Iles Mine, in addition to acquiringand building two gold producing mines in Qubec. Further, he spentthree years as CFO of HudBay Minerals Inc., where, from its initialpublic offering in late 2004, grew to a market capitalization of over$2 billion. Mr. Swinoga also spent seven years at Barrick GoldCorporation as a senior officer with responsibilities that includedproject financing of Barrick’s Bulyanhulu and Veladero projects. Heis a Chartered Professional Accountant and holds a Master of BusinessAdministration degree from the University of Toronto as well as aBachelor's degree (Honours) in Economics from the University ofWestern Ontario. Mr. Swinoga was also elected to the Board of PDACthis year and is also a member of their audit committee.
Jeff Swinoga, Exploit’s President and CEO stated:“I am thrilled to be joining Exploits at this early stage of theNewfoundland gold rush and eager to get started. Having just returnedfrom Newfoundland visiting the local team, the drill operations andtheir 100% owned land position of approximately 2,000 squarekilometres, this Company is well positioned to create opportunitiesfor world class discoveries. As a Company with just over a year underits belt, they have accumulated an excellent land package in the heartof a world class jurisdiction such as Newfoundland. During my 25 yearsas a mining executive I have learned that great companies are builtupon quality properties and exceptional talent which is why I wasdrawn to Exploits. In addition, with the support of Eric Sprott, NewFound Gold, significant insider investment, our Board, andGoldspot’s leading team of expert scientists using artificialintelligence to guide our local team, I am very excited about the longterm value we can create for shareholders. In the near term, we willbe receiving and releasing the very first assay results shortly, andfrom the rest of our drill targets over the coming months.”
Exploits’ Board of Directors has accepted theresignation of Michael Collins as a Director of the Company. The Boardthanks Mr. Collins for his valuable input, guidance and vision inbuilding and developing this Company over the past year. We wish himall the best in his new endeavours. He will remain as an advisor tothe Company.
The Company also announces that, in accordance with theCompany’s stock option plan, it has granted Jeff Swinoga 1,000,000options exercisable on or before September 15, 2026 at a price of$0.62 per share with 25% immediately vested and 25% vesting each 6months thereafter.
About Exploits DiscoveryCorp.
Exploits Discovery is a Canadian mineral explorationcompany focused on the acquisition and development of mineral projectsin Newfoundland, Canada. The Company currently holds the Jonathan'sPond, Dog Bay, Mt. Peyton, Middle Ridge, True Grit, Great Bend, andGazeebow projects covering approximately 2,000 square kilometres ofmineral tenements. The PB Hill projects syndicate covers an additionalarea of almost 2,000 square kilometres.
With five permitted drill targets, ample cash reserves,and a drill working and committed through the fall 2021, Exploits ispositioned for discovery.
Exploits believes that the Exploits Subzone GoldBelt, which runs 200 km from Dog Bay southwest to Bay d'Espoir, hasbeen neglected since the last major exploration campaigns in the1980s. The last 40 years have seen incremental advancements in theunderstanding of gold mineralization in the camp. The sum of thisknowledge is now coming together in discrete and effective explorationmodels that have delivered results including New Found Gold's 2019discovery hole. The Exploits Subzone and GRUB regions have been thefocus of major staking and financing since late 2019.
The team at Exploits, with significant local experienceand knowledge, have studied the entirety of the Exploits Subzone andsurrounding regions, and have picked individual land packages forstaking or joint ventures, where there are opportunities for worldclass discoveries and mine development. Exploits intends to leverageits local team and the larger shift in geologic understanding andbecome one of the most extensive explorers in the ExploitsSubzone.
ON BEHALF OF THE BOARD /s/ "William M. Sheriff " Interim President and CEO
For further information, pleasecontact: Christopher Huggins, Director (778) 819-2708
Neither the Canadian SecuritiesExchange nor its Regulation Service Provider (as the term is definedin the policies of the Canadian Securities Exchange) acceptsresponsibility for the adequacy of accuracy of this newsrelease.
Forward-Looking Statements
This news release contains certain forward-lookingstatements, which relate to future events or future performance andreflect management's current expectations and assumptions. Suchforward-looking statements reflect management's current beliefs andare based on assumptions made by and information currently availableto the Company. Readers are cautioned that these forward-lookingstatements are neither promises nor guarantees, and are subject torisks and uncertainties that may cause future results to differmaterially from those expected including, but not limited to, marketconditions, availability of financing, actual results of the Company'sexploration and other activities, environmental risks, future metalprices, operating risks, accidents, labor issues, delays in obtaininggovernmental approvals and permits, and other risks in the miningindustry. All the forward-looking statements made in this news releaseare qualified by these cautionary statements and those in ourcontinuous disclosure filings available on SEDAR at www.sedar.com/. These forward-lookingstatements are made as of the date hereof and the Company does notassume any obligation to update or revise them to reflect new eventsor circumstances save as required by applicable law.
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