Vancouver, September 18, 2019 -
Lucky Minerals Inc. ("Lucky" or the "Company")(TSXV:LKY) is pleased to announce that its Board of Directors has appointed Adrian Rothwell as President & Chief Executive Officer ("CEO") as of September 17, 2019. As CEO Mr. Rothwell has also been appointed to the Board of Directors.
Chairman of the Board, Joao Carrelo, stated, "On behalf of the Company, I would like to welcome Mr. Rothwell as our incoming President and CEO. This marks an important milestone as we advance Lucky's copper and gold exploration projects."
Incoming CEO Mr. Rothwell commented, "With a clear plan for the 55,000 Ha. Fortuna Project, and supportive major shareholders, Lucky is well-positioned to deliver shareholder value. I look forward to working with the Board to build out the strategy, organization, and capital market profile of the Company."
Following Mr. Rothwell's appointment, Robert Rosner will become Executive Vice President, Operations of the Company.
Outgoing CEO, Mr. Rosner remains a Director and significant shareholder of the Company. The Board would like to thank Mr. Rosner for his efforts and looks forward to Robert being an integral part of the company as it executes its vision.
Mr Rothwell was the founder of, and remains a director of KORE Mining Ltd, currently developing the Imperial and Long Valley projects in the USA and exploration projects in Canada. Adrian is also a director of Fireweed Zinc Ltd, which owns the Macmillan Pass project in the Yukon. He is a former executive at Goldcorp Inc., and CFO for NuLegacy Gold Corp., Kiska Metals, and MBMI Resources Inc. A British Columbia Chartered Professional Accountant and member of Chartered Accountants of Australia and New Zealand. Adrian holds a BA in Economics from Macquarie University.
About Lucky
An exploration and development company targeting large-scale mineral systems in proven districts with the potential to host world class deposits.
The Fortuna Project
Lucky Minerals holds a 100% interest in Fortuna, a 550 km2 property in the heart of a proven and highly mineralized mineral district in Ecuador but which has seen only limited exploration and has never been drilled.
Evidence of significant hydrothermal alteration, stockwork, breccias, geochemical anomalies and placer mining supports potential for Cu/Au porphyry systems and epithermal Au deposits similar to numerous multi-million-ounce Au and bulk tonnage Cu deposits ~40km away.
Qualified Person Statement
Technical information with respect to the Projects contained in this news release has been reviewed and approved by Alain Moreau, P.Geo., VP Exploration, who is Lucky's designated qualified person for the purposes of NI 43-101.
ON BEHALF OF THE BOARD
"Adrian Rothwell"
Chief Executive Officer
Further information on Lucky can be found on the Company's website at www.luckyminerals.com and at www.sedar.com, or by contacting Adrian Rothwell, President and CEO, by email at info@luckyminerals.com or by telephone at (866) 924 6484.
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.
This news release does not constitute an offer to sell or a solicitation of an offer to sell any Lucky common shares in the United States.
Cautionary Statement Regarding Adjacent Properties and Forward-Looking Information
This news release contains forward-looking statements relating to the future operations of the Company and other statements that are not historical facts. Forward-looking statements are often identified by terms such as "will", "may", "should", "anticipate", "expects" and similar expressions. All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding the future plans and objectives of the Company are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Such factors include, but are not limited to: uncertainties related exploration and development; the ability to raise sufficient capital to fund exploration and development; changes in economic conditions or financial markets; increases in input costs; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological or operational difficulties or inability to obtain permits encountered in connection with exploration activities; and labor relations matters. This list is not exhaustive of the factors that may affect the Company's forward-looking information. Important factors that could cause actual results to differ materially from the Company's expectations also include risks detailed from time to time in the filings made by the Company with securities regulations.
The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company will update or revise publicly any of the included forward-looking statements as expressly required by Canadian securities law.
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