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Xplore Resources Announces Appointment to Advisory Board

Newsfile Corp.
·4 min read

Toronto, Ontario--(Newsfile Corp. - November 18, 2020) - Xplore Resources Corp. (TSXV: XPLR) ("Xplore or "the Company"), is pleased to announce the following appointment to the Company's Advisory Board, tasked with advising and assisting management in the future growth of Xplore Resources.

The Company is pleased to welcome Mr. Picklu Datta, CPA, CA, BComm., who has consented to join Xplore's Advisory Board effective immediately.

Mr. Datta is a mining executive with 30 years of experience in senior management roles including accounting, audit, taxation, treasury, forecasting & budgeting, and risk management. He was formerly Vice-President, Finance & Treasurer at Centerra Gold Inc; Senior Vice-President, Treasury & Finance at Agnico Eagle Mines Limited; and Finance Manager, at Aber Diamond Corporation. Throughout his career, Picklu has contributed greatly as his companies went through transformational growth through mine building or acquisitions. Mr. Datta obtained a Bachelor of Commerce from the University of Toronto and holds CPA, CA designations from the Chartered Professional Accountants of Ontario.

The Board of Directors of the Company is grateful to add Mr. Datta to the Advisory Board.

Wes Hanson, President and CEO of Xplore, stated, " We are truly fortunate to add Picklu to our Advisory Board and to have attracted the interest and commitment of such a well respected and established mining executive. Picklu brings considerable experience to the Company that will expand Xplore's knowledge base to the benefit of all stakeholders. Picklu's extensive knowledge in finance will be a tremendous benefit to Xplore as we seek to build our portfolio of assets. I look forward to working with and learning from him to the benefit of our stakeholders."

About Xplore Resources (TSXV: XPLR)

Xplore Resources is a Toronto based mining exploration company listed on the TSX Venture Exchange under symbol XPLR, focused on the acquisition and development of copper and gold projects in the Americas. The Company is led by a highly experienced management team and is comprised of industry experts with executive and senior management experience in geology, banking, private equity, investor relations and law.

Valk Project

The Company's 1,614 Ha. Valk Project is an early stage exploration property located in the Nanaimo Mining Division, British Columbia, approximately 20 Km NW of Port Hardy. The Project is road accessible via an extensive network of provincial highways, local roads, and logging roads. Historical surface soil geochemistry and rock sampling has identified anomalous copper, vanadium and gold mineralization within rocks of the Karmutsen Formation, a thick sequence of dominantly basaltic volcanic rocks stratigraphically between the Buttle Lake - Sicker Group rocks hosting the volcanogenic massive sulphide deposits at Myra Falls and rocks of the Bonanza Group / Island Volcanic Suite, that are closely associated with known copper gold porphyry discoveries. The anomalous mineralization defines a northeast trend over an estimated 4.0 km strike length. This trend, interpreted to be a regional scale fault system, can be traced to the past producing Island Copper Mine (345 Mt @ 0.41% Cu), located 25 kms. to the southeast. The North Island Copper and Gold Project (Indicated resource of 305 Mt @ 0.21% Cu) lies 25 kms. to the southwest.

ON BEHALF OF THE BOARD

"Wesley C. Hanson"
President & CEO

For further information, please contact:

Phone: +1 647-362-9675
Email: info@xploreresources.com

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 press release does not constitute an offer to sell or the solicitation of an offer to buy any securities in any jurisdiction

ANY SECURITIES REFERRED TO HEREIN WILL NOT BE REGISTERED UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED (THE "1933 ACT"), AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO A U.S. PERSON IN THE ABSENCE OF SUCH REGISTRATION OR AN EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE 1933 ACT.

Notice on forward-looking statements:

Information set forth in this news release contains forward-looking statements. These statements reflect management's current estimates, beliefs, intentions and expectations; they are not guarantees of future performance. Xplore cautions that all forward-looking statements are inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond Xplore's control. Such factors include, among other things: risks and uncertainties relating to Xplore's ability to complete the proposed Transaction; and other risks and uncertainties, including those to be described in the Filing Statement to be filed by Xplore on SEDAR.com. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward-looking information. Except as required under applicable securities legislation, Xplore undertakes no obligation to publicly update or revise forward-looking information.

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/68488