VANCOUVER, BC, Dec. 22, 2021 /CNW/ - QuestEx Gold &
Copper Ltd. (TSXV: QEX) ("QuestEx" or the
"Company") announces that pursuant to an Investor Rights
Agreement between the Company and Skeena Resources Limited
("Skeena"), QuestEx is pleased to accept Skeena's nomination
of Ms. Ann Fehr to the QuestEx Board
of Directors. The appointment of Ms. Fehr comes in conjunction with
the resignation of Ms. Kelly Earle
from the QuestEx Board of Directors. Skeena has had a Board
representative since its April 2021
investment in QuestEx, when an Investor Rights Agreement was
signed.
Ms. Fehr is the founder of Fehr & Associates, as well as the
CFO of Dolly Varden Silver Corp. and two other public
companies. Fehr & Associates is a consulting and
accounting practice whose clients range from small to mid-sized
companies, both private and publicly traded. Fehr & Associates'
expertise spans across a number of industries including the mining
industry. Ms. Fehr has over twenty-five years of management and
governance experience, including thirteen years providing senior
level consulting services.
Joe Mullin, QuestEx's CEO
comments: "We are delighted to welcome Ann Fehr as Skeena Resources' nominee to the
QuestEx Board of Directors. Ms. Fehr's extensive knowledge base and
experience in accounting, capital markets, mining and public
company governance will be a benefit to the Company. QuestEx looks
forward to her insight and expertise as a Director."
Mr. Mullin added: "The Board of QuestEx is extremely grateful to
Kelly Earle for her many
contributions and time dedicated to the Company while she served as
a Director and wishes her well in her other endeavours."
Stock Option Grant
QuestEx further announces that in
accordance with the terms of its 10% rolling Stock Option Plan, it
has granted 125,000 stock options to Ms. Fehr, and an additional
25,000 to a consultant, with each stock option exercisable into one
common share of the Company at an exercise price of $0.70 per share, subject to certain vesting
requirements. The stock options have an expiry of December 21, 2026.
We seek safe harbor.
About QuestEx
QuestEx Gold &
Copper Ltd. is exploring for gold and copper with a focus on
the Golden Triangle and Toodoggone areas of British Columbia, Canada. It has a 100%
ownership interest in one of the largest portfolios of mineral
tenures in British Columbia's
metal-rich Golden Triangle. The portfolio includes the 312 square
km KSP property, which is surrounded by some of the most important
past and current mining and development projects in British Columbia (e.g. Eskay Creek, Snip, Brucejack, KSM, Johnny Mountain). In 2022, QuestEx intends to
release a National Instrument 43-101 Mineral Resource Estimate for
the Inel gold system, located on the KSP property. In the northern
corner of the Golden Triangle in the Red Chris mining district,
QuestEx's portfolio includes the Castle property, a porphyry
copper-gold project located adjacent to Newmont's Tatogga property,
and along trend of the Saddle North porphyry copper-gold deposit
(more than 10 million ounces of gold, in all categories). Other
properties include North ROK, Coyote, and Kingpin in the Golden
Triangle, Sofia in the Toodoggone
district, and Heart Peaks and Hit in other strategic districts
within British Columbia.
ON BEHALF OF THE BOARD OF DIRECTORS OF QUESTEX GOLD &
COPPER LTD.
"Joseph Mullin"
Joseph Mullin
Chief Executive Officer and Director
Neither TSX-V nor its Regulation Services Provider (as that
term is defined in the policies of TSX-V) accepts responsibility
for the adequacy or accuracy of this release.
NR21-22
Cautionary Note Regarding Forward-Looking
Statements
All statements, trend analysis and other information
contained in this press release about anticipated future events or
results constitute forward-looking statements. Forward-looking
statements are often, but not always, identified by the use of
words such as "seek", "anticipate", "believe", "plan", "estimate",
"expect" and "intend" and statements that an event or result "may",
"will", "should", "could" or "might" occur or be achieved and other
similar expressions. All statements, other than statements of
historical fact, included herein, are forward-looking statements.
Although the Company believes that the expectations reflected in
such forward-looking statements and/or information are reasonable,
undue reliance should not be placed on forward-looking statements
since the Company can give no assurance that such expectations will
prove to be correct. These statements involve known and unknown
risks, uncertainties and other factors that may cause actual
results or events to differ materially from those anticipated in
such forward-looking statements, including the risks, uncertainties
and other factors identified in the Company's periodic filings with
Canadian securities regulators as well as the risk that the ongoing
COVID-19 pandemic may have on the Company's business. Important
factors could cause actual results to differ materially from
QuestEx expectations. Forward-looking statements are based on
estimates and opinions of management at the date the statements are
made. Forward looking statements or information relates to, among
other things: the results of previous fieldwork as well as
information and technical consultants available to complete a
43-101 Technical Report for the Inel property. QuestEx does not
undertake any obligation to update forward-looking statements
except as required by applicable securities laws. Investors should
not place undue reliance on forward-looking statements.
SOURCE QuestEx Gold & Copper Ltd.
