VANCOUVER, BC, Jan. 6, 2021 /CNW/ – MAS Gold Corp. (“MAS Gold” or the “Firm“) – (TSX-V: MAS) is happy to announce that it has appointed Mr. James B. Engdahl as the brand new CEO to the corporate, changing Mr. Ronald Netolitzky. Mr. Netolitzky will proceed enjoying an energetic function within the firm as a marketing consultant and its Chairman and Director.

Mr. Engdahl brings greater than 20 years of expertise in company finance on the govt degree that embody mergers, acquisitions, and reorganizations.

“We’re very happy to welcome Mr. Engdahl as a CEO of MAS Gold. The appointment displays our steadfast dedication to develop our exploration and growth efforts in La Ronge Gold Belt, Saskatchewan. We’re assured his expertise, community and the brand new vitality will contribute positively to constructing our gold exploration and growth enterprise. Our fast focus would be the execution of effectively financed drill campaigns on North Lake and Greywacke properties to improve the sources classification and check the useful resource extension.” Ron Netolitzky, outgoing CEO of MAS Gold.

A former Vice President of Barclays Financial institution of Canada, Mr. Enghdahl has been concerned in management of various public corporations, together with Pacific & Western Belief, Shore Gold Inc., Claude Assets Inc. He was additionally the Regional Advisory Associate of the company finance arm of one in every of Western Canada’s largest accounting companies. This place got here because of the accounting agency’s buy of Cascadia Ventures Inc., a company financing and consulting group chargeable for elevating undertaking financing in extra of $100 million of which he was Managing Associate.

He’s additionally a former President, CEO & Director of Nice Western Mineral Group Ltd. (“GWMG”) in addition to a former Director for Nice Western Diamonds (“GWD”), each are publicly traded corporations listed on the TSX. Throughout his tenure, the businesses have been concerned in superior growth of a Uncommon Earth deposit in addition to exploration of a diamond bearing kimberlitic deposit in Saskatchewan. Subsequently GWD was offered in 2009 so the corporate may preserve give attention to constructing one of many world’s premiere Uncommon Earth corporations.

Throughout his 7 years at GWMG Jim was chargeable for elevating over $150,000,000 for the corporate in addition to buying one of many highest-grade Uncommon Earth mines on the earth through a creeping takeover. Throughout this time, he was additionally chargeable for the acquisition of one of many solely Uncommon Earth alloy crops exterior of China offering key magnet alloys to a lot of the Uncommon Earth magnet customers of the world.

MAS Points Inventory Choices

MAS can be happy to announce that the board has accepted the issuance of three,150,000 inventory choices (“Inventory Choices”) to administrators, officers and staff. Every Inventory Possibility is exercisable into Widespread Shares at a value of $0.13 per Widespread Share for a interval of 5 years from the date of issuance, topic to continued affiliation with the Firm with accordance with the Firm’s inventory choice plan.

About MAS Gold Corp.

MAS Gold Corp. is a Canadian mineral exploration firm centered on exploration tasks within the potential La Ronge Greenstone Belt of Saskatchewan. Within the belt, MAS Gold Corp. operates the Greywacke, North Lake and Level superior gold tasks, every internet hosting drill-intercepted zones of gold mineralization. MAS Gold’s NI 43-101 Technical Report of June 1, 2016 in regards to the Greywacke deposit is out there on SEDAR and on MAS Gold’s web site: www.masgoldcorp.com . Latest drill outcomes together with metallurgical research are reported within the information releases dated:  April twenty seventh, 2020, March twenty fifth, 2020, January fifteenth, 2020.                                                                      

Drill Program Deliberate

MAS Gold is within the last planning of drill applications on its North Lake-Preview Lake and Greywacke properties to improve the sources classification and check the useful resource extension. MAS Gold additionally intends to finish additional definition drilling, floor geological mapping and different explorations work on its properties. The corporate is effectively financed to execute on the plans, having just lately accomplished an oversubscribed financing of over three million {dollars}.

On Behalf of the Board of Administrators of MAS Gold Corp.
Ronald Ok. Netolitzky
Chair

MAS Gold Corp. 
Suite 420 – 789 West Pender Road
Vancouver, British Columbia, Canada, V6C 1H2

t: 604-685-8592 
www.masgoldcorp.com

Warning Relating to Ahead Trying Data and Statements

This information launch contains sure forward-looking statements or data that might trigger precise outcomes to vary materially from MAS Gold’s plans or expectations. All statements aside from statements of historic truth included on this launch, together with, with out limitation, deliberate exploration and growth applications, statements relating to metallurgical outcomes and outcomes, any up to date technical report, are forward-looking statements that contain numerous dangers and uncertainties. There may be no assurance that such statements will show to be correct and precise outcomes and future occasions may differ materially from these anticipated in such statements. Ahead-looking statements are topic to quite a lot of dangers and uncertainties, which may trigger precise occasions, degree of exercise, efficiency or outcomes to vary materially from these mirrored within the forward-looking statements, together with, with out limitation: dangers referring to the precise outcomes of present and future exploration actions, fluctuating gold costs, chance of apparatus breakdowns and delays, price overruns, that MAS Gold could lose or abandon its property pursuits or could fail to obtain obligatory licences and permits, availability of capital and financing and basic financial, market or enterprise circumstances. The forward-looking statements included on this information launch are made as of the date hereof and MAS Gold disclaims any intention or obligation to replace or revise any forward-looking statements, whether or not because of new data, future occasions or in any other case, besides as expressly required by relevant securities laws.

Neither TSX Enterprise Alternate nor its Regulation Providers Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Alternate) accepts accountability for the adequacy or accuracy of this information launch.

SOURCE MAS Gold Corp

For additional data: Lubica Keighery, VP Company Growth, c: 778-889-5476, e. [email protected]

Associated Hyperlinks

www.masgoldcorp.com