Temas Resources Provides Company Update


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VANCOUVER, British Columbia–(BUSINESS WIRE)–Temas Resources Corp. (the “Company” or “Temas”, CSE: TMAS, OTCQB: TMASF) is pleased to announce that David Kwok has replaced David Robinson as Chief Financial Officer of the Company. The Society is also pleased to announce that David Robinson has been appointed to the Society’s Board of Directors.

David Kwok (CPA, CGA) has over 18 years of public company experience in various management roles. Recently, he has provided financial and business advisory services to public and private companies in the areas of resources, software development, Internet infrastructure management and franchising. Previously, he held the positions of Operations Controller and Director of Business Administration for Capstone Mining Corp., and Divisional Controller for Xstrata PLC, and then for Glencore PLC after the merger of the two companies. Mr. Kwok’s appointment is effective March 14, 2022.

David Robinson is a CPA, CA and has extensive experience in financial markets and brings his financial expertise to the Temas Board of Directors.

As Bob Schafer, Executive Chairman of the company, said, “We are very pleased to add David Kwok to our team as Chief Financial Officer. David Kwok brings extensive finance and accounting expertise focused on the resource sector to the Temas team. The addition of David Robinson to the Temas Board of Directors will bring considerable financial expertise to our Board of Directors.

Temas Resources also announces that it has granted Mr. Kwok 150,000 options to purchase common shares pursuant to the Company’s stock option plan. Each option is exercisable to purchase one common share of Temas Resources at $0.12 per common share. The options vest immediately and have a term of three years. All issuances of common shares and options are subject to applicable regulatory approvals, including the Canadian Securities Exchange.

For more information on the board, management team and management of Temas Resources, visit www.temasresources.com.

About Temas Resources

Temas Resources Corp. (“Thematic resources“) (CSE: TMAS) (OTCQB: TMASF) is meeting the growing global demand for iron ore and two strategically important minerals – titanium and vanadium – considered by the US Department of the Interior to be essential to the national security and the economy of the United States Temas Resources’ core and flagship properties are located in the stable and mining-friendly jurisdiction of Quebec, Canada bordering Vermont, Maine and New State. York (USA) in an area known as the Grenville Geological Province Lake Tio, the largest deposit of solid ilmenite in the world As a mineral exploration company focused on the acquisition, exploration and development of iron, titanium and vanadium properties, Temas Resources has focused its efforts on the advancement of two major projects in the Grenville geological province. The first, the DAB property, is a 100% interest option consisting in 128 claims contiguous mines that cover 6,813.72 hectares (68.14 km²) in the Grenville Geolog Province ical. The flagship, the La Blache property, owns 100% of 48 semi-contiguous mining claims covering 2,653.25 hectares (26.53 km²) in the Grenville geological province. All public documents filed for the Company can be found on the SEDAR website www.sedar.com. For more information about the company, please visit www.temasresources.com.

Qualified person

Rory Kutluoglu, B.Sc, P.Geo, is the Qualified Person as defined by NI 43-101 who has reviewed and approved the technical information contained in this press release.

On behalf of the Board of Directors of Temas Resources Corp.,

Kyler Hardy

Director

Forward-looking statements

This press release contains certain “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and “forward-looking information” under applicable Canadian securities laws. When used in this press release, the words “anticipate”, “believe”, “estimate”, “expect”, “target”, “plan”, “expect”, “may”, “could “, “could”, “schedule” and similar words or expressions, identify forward-looking statements or information. Such forward-looking statements or information relate to, among other things: the entering into a definitive agreement for the equity investment facility, the closing of the equity investment facility, the company’s plan to build an advanced base and specialty metals portfolio, the development of the Blache property and the DAB property, including drilling activities; and future exploration, mine development and production, financing of the Company under the Equity Investment Facility, issuance of securities under the Equity Investment Facility, and restrictions and covenants resale relating to these titles .

Forward-looking statements and forward-looking information regarding any future mineral production, liquidity, improving value and capital markets profile of Temas Resources, potential for future growth of Temas Resources and its business, and plans for exploration are based on management’s reasonable assumptions and estimates, expectations, analyzes and opinions, which are based on management’s experience and perception of trends, current conditions and expected developments, and other factors that management deems relevant and reasonable in the circumstances, but which may prove to be incorrect. Assumptions were made regarding, among other things, the price of iron, titanium, vanadium and other metals; no escalation in the severity of the COVID-19 pandemic; exploration and development costs; estimated development costs of exploration projects; The ability of Temas Resources to operate safely and efficiently and its ability to obtain financing on reasonable terms.

These statements reflect Temas Resources’ respective current views regarding future events and are necessarily based on a number of other assumptions and estimates which, while considered reasonable by management, are inherently subject to significant business, economic, and economic uncertainties. , competitive, political and social and contingencies. Many factors, known and unknown, could cause actual results, performance or achievements to differ materially from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements or information and Temas Resources has makes assumptions and estimates based on or related to many of these factors. These factors include, but are not limited to: the Company’s dependence on a mining project; the volatility of precious metal prices; the risks associated with the conduct of the Company’s mining activities in Quebec; regulatory, consent or authorization delays; risks related to dependence on the Company’s management team and external contractors; risks related to mineral resources and reserves; the Company’s inability to obtain insurance covering all risks, whether on a commercially reasonable basis or at all; currency fluctuations; risks related to the inability to generate sufficient operating cash flow; risks related to project financing and share issues; the risks and unknowns inherent in all mining projects, including the inaccuracy of reserves and resources, metallurgical recoveries and the capital and operating costs of such projects; disputes over title deeds, in particular unbuilt title deeds; environmental, health and safety laws and regulations; the ability of the communities in which the Company operates to manage and cope with the implications of COVID-19; the economic and financial implications of COVID-19 for the Company; operational or technical difficulties related to mining or development activities; employee relations, social unrest or unavailability; the Company’s interactions with surrounding communities and artisanal miners; the Company’s ability to successfully integrate the acquired assets; the speculative nature of exploration and development, including the risks of declining quantities or grades of reserves; stock market volatility; conflicts of interest between certain directors and officers; lack of liquidity for the shareholders of the Company; litigation risk; and the factors identified under the heading “Risk Factors” in Temas Resources’ management discussion and analysis. Readers are cautioned against attributing undue certainty to forward-looking statements or forward-looking information. Although Temas Resources has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be anticipated, estimated or predicted. Temas Resources does not intend, and undertakes no obligation, to update any such forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other event affecting such statements or information, other than those required by applicable regulations. law.

Nick Spencer, Investor Relations

Call: +1 (604) 332-0902

E-mail: [email protected]

Source: Temas Resources Corp.

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