Stelmine strengthens its Board of Directors
QUEBEC, QUEBEC--(Marketwired - Oct 4, 2017) - Stelmine Canada Ltd. (« Stelmine ») (TSX VENTURE:STH) is
pleased to announce the appointment of Mr. Michel Boily and Mr. Normand Goulet to the Board of Directors as geologists
specialized in geochemistry, metallogeny and structural geology. Since April 2017, these specialists provided strong expertise in
the support of Stelmine exploration program and are actively involved in the Courcy project. Their scientific and technical
knowledge will be of the utmost importance in the Company's future strategic planning following the results obtained from
Stelmine exploration campaigns carried out in the eastern segment of the Opinaca sedimentary basin.
Michel Boily
Dr. Boily is an expert geochemist and metallogenist specializing in the interpretation of precious and rare metal deposits in
Precambrian volcano-plutonic terranes for the last 25 years. Prior to consulting for the mining industry and government agencies,
Dr. Boily was involved as a research associate at MERI/McGill in the study of several rare metals deposits located in the Quebec
province; notably the Strange-Lake deposit in Labrador (Zr, Y, REE), the St-Honoré mine in the Saguenay area (Nb, REE) and the
Québec Lithium Mine in the Abitibi Greenstone Belt (Li). Since 1992, Dr. Boily has conducted exploration and technical evaluation
of gold, base metals and rare metal properties located in Archean greenstone belts and the Grenville Province of Quebec, in the
Anti-Atlas Proterozoic windows of Morocco, Northern Mexico, Argentina and Nicaragua. Dr. Boily graduated from the Université de
Montréal in 1988 with a PhD in geochemistry and carried out post-doctoral studies at the University of Chicago. Since 1984, Dr.
Boily has been the author of various publications in international scientific journals and has written numerous technical
reports. Dr. Boily is currently a registered Professional Geologist in good standing with l'Ordre des Géologues du Québec.
Normand Goulet
Dr. Normand Goulet (Bsc, Université de Montréal; DEA and Doctorate, Université de Grenoble, France and PhD, Queen's
University, Kingston) is a full tenured professor in geology at the Université du Québec, Montréal. Dr. Goulet brings a vast
expertise in the domain of structural geology, tectonics, deformation of metalliferrous deposits and petrology. He has over forty
years of experience managing teams of geologists working for government or private agencies in Canada or abroad. In particular,
Dr. Goulet carried out geological studies on the metasedimenary Opinaca basin and participated to the initial exploration work on
the Courcy property. Professor Goulet directed several research projects on gold (Abitibi, Dominican Republic, Maroc, Mali),
nickel (New Caledonia, Ivory Coast, Albania, James Bay), uranium (Otish and Torngat Mtns.), diamond (Torngat) and on polymetallic
mineralization (Nunavut). He further participated in mapping and the completion of a new geological and metallogenic map of
Mali.
Stelmine is proud to welcome Messrs. Boily and Goulet on their current team and is convinced they will play an active role in
the Company's management.
Furthermore, the Company reports Mr. Hugo Gagné will leave his position as a member of the Board of Directors. M. Gagné will
still be involved in Stelmine as an occasional adviser to the Management. The management wants to express his gratitude to Mr.
Gagné for his implication over the last year.
Stelmine also announces granting, as of October 3rd 2017, 350,000 stock options to his employees, management, directors and
consultants at an exercised price of 0.30 $ per share, including 60,000 options to be exercised within the next 12 months and
290,000 within the next 60 months, conditional on TSX Venture Exchange approval.
Follow us on www.Stelmine.com and on our Facebook (Stelmine Canada) where we uploaded pictures of the
Courcy camp and of our crew at work.
About Stelmine
Stelmine is a junior mining exploration company and its activities are located in the Province of Québec. Stelmine holds 754
claims spanning 383 km2 on the eastern part of the Opinaca metasedimentary basin, which contains zones with a high
potential for gold deposit discovery in geological contexts similar to the one leading to discovery of the Éléonore Mine. Its
capital stock consists of 21,926,452 issued and outstanding shares for a current market capitalization of $6.6 million.
Forward-looking statements
Certain statements made herein may constitute forward-looking statements. These statements relate to future events or the
future economic performance of Stelmine and carry known and unknown risks, uncertainties and other factors that may appreciably
affect their results, economic performance or accomplishments when considered in light of the content or implications or
statements made by Stelmine. Actual events or results could be significantly different. Accordingly, investors should not place
undue reliance on forward-looking statements.
Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.