September 5, 2019 – Vancouver, British Columbia – Palladium One Mining Inc. (TSX-V: PDM,FRA: 7N11) (the "Company" or “Palladium One”) is pleased to announce that the Company has appointed Mr. Neil Pettigrew as its Vice President - Exploration.In addition, the Company has appointed Mr. Derrick Weyrauch as it’s permanent President and Chief Executive Office following the last 5 months where he was acting in an interim capacity.
Neil Pettigrew M.Sc., P.Geo. currently serves as a director of the Company and is geologist with 20 years of experience in the mineral exploration industry. He received his B.Sc. (hons.) from the University of New Brunswick in 1999 and his M.Sc. from the University of Ottawa in 2004. He has published papers on Cu-Ni-PGE mineralization and the petrogenesis of mafic-ultramafic intrusions in Exploration and Mining Geology, in Series B of, Transactions of the Institution of Mining and Metallurgy (London) and in Precambrian Research. Neil is a founding partner of Fladgate Exploration Consulting Corporation and has been employed as a Senior Precambrian Geoscientist with the Ontario Geological Survey. He has worked for several junior and major companies in gold and Cu-Ni-PGE exploration most notably Avalon Ventures Ltd., Temex Resources Corp., Rainy River Resources Ltd., PC Gold Inc., Placer Dome CLA Inc., and Goldcorp Inc. He has held officer and director positions at several TSX and TSX-V listed junior companies.
Derrick Weyrauch is a Chartered Professional Accountant, Chartered Accountant with over 28 years of corporate experience. Most recently the Interim President and CEO of Palladium One, a co-founder and director of Magna Mining Corp, a private development stage nickel mining company operating in Ontario, Canada and an independent director of Cabral Gold Ltd. (TSXV: CBR). Previous directorships and executive management roles include publicly listed (TSX, NYSE Mkt, TSXV) exploration, development and operating mining companies. Prior to its’ sale he was the CFO of Andina Minerals Inc. (TSXV). Mr. Weyrauch is a member of the Institute of Corporate Directors and holds a Bachelor of Arts (Honors) in Economics from York University.
“The last 6 months under Derrick’s leadership have witnessed a major restructuring of the Company. We have a new board, a new highly experienced executive team, a new focus to build shareholder value, the flagship LK palladium-nickel project has been preserved, historic data has been compiled, validated and analyzed.” commented Lawrence Roulston, Independent Director of Palladium One. “The appointment of both Derrick and Neil to permanent executive roles is testament to their confidence in the robustness of the LK project and the future prospects for the company”
About Palladium One:
Palladium One Mining Inc. is a PGE, nickel, copper exploration and development company. Its assets consist of the Lantinen Koillismaa (“LK”) PGE-Cu-Ni project, located in north-central Finland and the Tyko Ni-Cu-PGE property, near Marathon, Ontario, Canada.
ON BEHALF OF THE BOARD:
President & CEO, Director
For further information contact:
Derrick Weyrauch, President & CEO
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release includes certain information that may constitute "forward-looking information" under applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements about the estimation of mineral resources, magnitude or quality of mineral deposits, anticipated advancement of mineral properties or programs, future operations, results of exploration, prospects, commodity prices, future work programs, anticipated financial and operational results, capital expenditures and objectives and the completion and timing of mineral resource estimates. Forward-looking information is necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information, including the strength of the global economy, the risks inherent to the mining industry, commodity prices generally, operational, funding and liquidity risks, the degree to which mineral resource estimates are reflective of actual mineral resources, the risks and hazards associated with mineral exploration and mining operations and the risks identified in the Company's disclosure documents available at www.sedar.com. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information contained in this news release is given as of the date hereof and is based on the opinions and estimates of management and information available to management as at the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.