TSX-V: GBR
VANCOUVER, BC, May 31, 2021 /CNW/ - Great Bear Resources Ltd.
(the "Company" or "Great Bear") (TSXV: GBR) (OTCQX: GTBAF) today
announced key management appointments. The Company
concurrently announces the departures of Mr. Robert Scott, Chief Financial Officer; Mr.
Jeff Dare, Corporate Secretary; and
Mr. Tony Ricci, who, after serving
for more than 10 years, will be retiring from the Board of
Directors and is not standing for re-election at the upcoming
Annual General Meeting on June
29th. In addition, the Company announces
the acceleration of option payments on three of its regional
projects, completing the required earn-ins. All regional
Red Lake area projects are now
100% owned by Great Bear.
"I would like to sincerely thank Mr. Scott, Mr. Dare, and Mr.
Ricci for their significant contributions over the past number of
years to Great Bear. Each of them was instrumental to the
success of the Company and I look forward to following their
ongoing contributions within our industry," said Chis Taylor,
President and CEO of Great Bear. "The management appointments
we are making today significantly enhance our team's skillset and
will be key to Great Bear's future success as we continue to
advance our flagship Dixie Project."
Management Appointments
Calum Morrison, Vice
President, Business Development & Chief Financial
Officer
Calum Morrison has been leading
Corporate Development at Great Bear since 2019, a period in which
the Company has experienced exceptional growth. In addition to his
Corporate and Business Development responsibilities, Mr. Morrison
has been appointed Chief Financial Officer with an effective date
of May 26th. Mr.
Morrison has over 15 years of experience in the mining industry,
having worked in corporate development, investment banking, and
accounting roles. Mr. Morrison is a Chartered Professional
Accountant (CPA, CA), and a Chartered Financial Analyst (CFA) and
holds a B.Sc. degree in Environmental Science from Dalhousie University.
Andrea Diakow, Vice
President, Projects
Andrea Diakow has been a key
contributor to Great Bear's exploration success at the Dixie
Project since 2017. Ms. Diakow is a professional geologist
with over 15 years of experience working in the mineral exploration
industry on diverse precious and base metal projects ranging from
grassroots to feasibility stage. Her experience includes over 6
years of gold exploration in the Red
Lake district. Employing her strong technical
background and diverse experience, Mrs. Diakow manages Great Bear's
exploration program, including QA/QC practices, and directs the
various advanced exploration studies that are currently being
undertaken at Dixie. Ms. Diakow holds a B.Sc. degree in
Geology from the University of Calgary
and is a P.Geo.
Jenni Piette, Director,
Sustainability and Stakeholder Relations
Jenni Piette has over 10 years of
experience in mining investor relations and corporate
communications. Most recently, Ms. Piette served as Head of
Investor Relations at GT Gold, where she managed the investor
relations strategy in addition to community and stakeholder
consultation. Prior to joining GT Gold, she served as Manager
of Investor Relations at Teranga Gold Corporation through 2018 and
at Richmont Mines, until the sale of the company to Alamos Gold in
November 2017. Ms. Piette began
her career in investor relations at Detour Gold Corporation in
2012, prior to which she served as a contracted mining and earth
science outreach educator for PDAC Mining Matters. Ms. Piette
holds a B.Sc. with Distinction in Geology/Ecology from Concordia University and is a Certified
Professional in Investor Relations under CIRI/Ivey School of Business.
Darryl Boyd, Director,
Environment
Darryl Boyd has been employed in
the mining sector for 24 years, holding roles related to planning,
permitting, and developing projects in Ontario from early exploration to commercial
production. Mr. Boyd has managed baseline studies,
engineering designs, permitting, community engagement, energy
supply, land tenure and a variety of operational duties related to
environmental management. Examples of his significant project
experience includes: The McCreedy Mine (FNX Mining), Timmins West (Lakeshore Gold), Lac Des Iles Mine
(North American Palladium), Lockerby Mine (First Nickel), and the
Sugar Zone Mine (Harte Gold). Mr. Boyd holds a B.Sc. degree
in Environmental Science from the University
of Guelph and a Certificate in Environmental Assessment from
Lakehead University.
Cori Compton, Corporate
Secretary
Ms. Compton has over 20 years of corporate secretarial,
corporate governance and securities regulatory experience, 10 of
which are specifically with public companies in the mining
industry. Ms. Compton has performed the Corporate Secretary
function for a number of publicly listed companies, including Pan
American Silver, Silver Standard Resources (now SSR Mining),
Wildcat Silver (predecessor to Arizona Mining), and Ventana Gold
Corp. Ms. Compton is a member of both the BC Paralegal
Association and the Canadian Society of Corporate Secretaries.
Update on Regional Properties
The Company is also pleased to announce that it recently paid an
aggregate of $180,000 to accelerate
its earn-ins for its regional Red
Lake projects (Pakwash, Sobel, and Red Lake North), and also
gave notice of its intention to terminate its option on the Dedee
Property.
Great Bear now holds a 100% interest in it's Red Lake Properties
(Dixie, Pakwash, Sobel and Red Lake North), totalling 200
km2 of prospective mineral claims. At this time,
there are no changes to the previously announced 2021 exploration
budget, which is majority focused on a multi-rig drill program at
its flagship Dixie Project, but also includes field investigations
and target definition at all regional properties.
June 7th
Webinar
The Company reminds interested shareholders that a webinar will
take place on Monday, June
7th at 11:00 am PDT
/ 2:00 pm EDT. Management will be
available to answer questions following the presentation. Online
registration and participation details may be found at the
following link:
https://us02web.zoom.us/webinar/register/WN_MJNWX5GERvKjZ63Jh89n_Q
For those unable to participate, a recording of the webinar will
be posted to the Company's web site following the live
broadcast.
About Great Bear
Great Bear Resources Ltd. is a well-financed gold
exploration company managed by a team with a track record of
success in mineral exploration. Great Bear is focused in the
prolific Red Lake gold district in
northwest Ontario, where the
company controls over 200 km2 of highly prospective
tenure across four projects: the flagship Dixie Project (100%
owned), the Pakwash Property (100% owned), the, the Sobel Property
(100% owned), and the Red Lake North Property (100% owned) all of
which are accessible year-round through existing roads.
ON BEHALF OF THE BOARD
"Chris
Taylor"
Chris Taylor, President and
CEO
Cautionary note regarding forward-looking
statements
This release contains certain "forward looking statements"
and certain "forward-looking information" as defined under
applicable Canadian and U.S. securities laws. Forward-looking
statements and information can generally be identified by the use
of forward-looking terminology such as "may", "will", "should",
"expect", "intend", "estimate", "anticipate", "believe",
"continue", "plans" or similar terminology. The forward-looking
information contained herein is provided for the purpose of
assisting readers in understanding management's current
expectations and plans relating to the future. Readers are
cautioned that such information may not be appropriate for other
purposes.
Forward-looking information are based on management of the
parties' reasonable assumptions, estimates, expectations, analyses
and opinions, which are based on such management's experience and
perception of trends, current conditions and expected developments,
and other factors that management believes are relevant and
reasonable in the circumstances, but which may prove to be
incorrect.
Such factors, among other things, include: impacts arising
from the global disruption caused by the Covid-19 coronavirus
outbreak, business integration risks; fluctuations in general
macroeconomic conditions; fluctuations in securities markets;
fluctuations in spot and forward prices of gold or certain other
commodities; change in national and local government, legislation,
taxation, controls, regulations and political or economic
developments; risks and hazards associated with the business of
mineral exploration, development and mining (including
environmental hazards, industrial accidents, unusual or unexpected
formations pressures, cave-ins and flooding); discrepancies between
actual and estimated metallurgical recoveries; inability to obtain
adequate insurance to cover risks and hazards; the presence of laws
and regulations that may impose restrictions on mining; employee
relations; relationships with and claims by local communities and
indigenous populations; availability of increasing costs associated
with mining inputs and labour; the speculative nature of mineral
exploration and development (including the risks of obtaining
necessary licenses, permits and approvals from government
authorities); and title to properties.
Great Bear undertakes no obligation to update forward-looking
information except as required by applicable law. Such
forward-looking information represents management's best judgment
based on information currently available. No forward-looking
statement can be guaranteed and actual future results may vary
materially. Accordingly, readers are advised not to place undue
reliance on forward-looking statements or information.
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SOURCE Great Bear Resources Ltd.
