Element79
Gold Corp Appoints Warren Levy to Board of Directors
VANCOUVER, BC / THENEWSWIRE /
August 28, 2024 – Element79
Gold Corp. (CSE: ELEM) (OTC: ELMGF) (FSE: 7YS) ("Element79", the
"Company") today announced
the addition of Mr. Warren Levy to the Board of Directors. Mr. Levy
was appointed to the Company's Advisory Board in March.
Mr. Levy's career is marked by exceptional sustainability
leadership, including several senior roles where he has left an
indelible mark, notably in the energy and resources sector. Mr.
Levy has guided multiple companies with foreign operations both as
an advisor and board member, leveraging his expertise in
sustainability, operational efficiency and capital raising while
fostering positive relationships with local communities.
Throughout his career, Mr. Levy has demonstrated the ability to
cultivate high-performance teams across diverse cultural
landscapes. His strategic guidance has propelled the expansion of
numerous companies in sectors spanning petroleum, mining, and
high-tech industries in Latin America and Asia. Author of multiple
publications on Latin American energy policy, Mr. Levy has
contributed to the discourse on energy and natural resource
development in the region, offering insightful perspectives on
energy policy and the pivotal role of sustainable development in
poverty reduction. Mr. Levy has run regional oilfield and mining
service companies with significant operations in Peru, and most
recently was the CEO of Jaguar Exploration and Production, the
largest private natural gas operator in Mexico, leading it from
startup through to becoming the recognized leader in sustainable
natural gas production. He managed the company through to the
successful sale to a major Mexican conglomerate.
The Company further announces Mr. Antonios Maragakis' resignation
from his position as a director but is pleased to advise that he
has accepted a position on the Company's Advisory Board.
James Tworek, CEO, noted "We could not be more pleased to have Mr.
Levy on as a member of the Board of Directors as his worldwide
experience and operational know-how will offer critical insights as
we define the Company's strategic path, promoting sustainable
growth and leading the way with innovative practices." He
further stated "We are extremely pleased that Antonios has agreed
to stay on as an advisor as his expertise and insights are
invaluable, we thank him for all his past contributions and look
forward to his continued support."
Element79 also announces that unfortunately the OTCQB uplisting on
announced earlier this week has been postponed. The listing is
tentatively scheduled to be effective in the first week of
September. We apologize for any confusion on the dates.
About Element79 Gold
Corp.
Element79 Gold's focus is on exploring developing its
past-producing, high-grade gold and silver mine, the Lucero project
located in Arequipa, Peru, with the intent to restart production in
the near term.
The Company holds a portfolio of five properties along the Battle
Mountain trend in Nevada, and the projects are believed to have
significant potential for near-term resource development. The
Company is currently reviewing the Battle Mountain portfolio for
exploration and development or sale.
The Company also holds an option to acquire a 100% interest in the
Dale Property, 90 unpatented mining claims located approximately
100 km southwest of Timmins, Ontario, and has recently announced
that it has transferred this project to its wholly owned
subsidiary, Synergy Metals Corp, and is advancing through the Plan
of Arrangement spin-out process.
For
more information about the Company, please visit www.element79.gold
Contact
Information
For corporate
matters, please contact:
James C. Tworek, Chief Executive Officer
E-mail: jt@element79.gold
For investor
relations inquiries, please contact:
Investor Relations
Department
Phone: +1.403.850.8050
E-mail: investors@element79.gold
Cautionary Note Regarding Forward
Looking Statements
Certain information in this news
release constitutes forward-looking statements under applicable
securities laws. Any statements that are contained in this news
release that are not statements of historical fact may be deemed to
be forward-looking statements. Forward-looking statements are often
identified by terms such as "may", "should", "anticipate",
"expect", "potential", "believe", "intend" or the negative of these
terms and similar expressions. Forward-looking information in this
press release are based on certain assumptions and expected future
events.
These statements involve known
and unknown risks, uncertainties and other factors, which may cause
actual results, performance or achievements to differ materially
from those expressed or implied by such statements.
Readers are cautioned that the
foregoing list is not exhaustive. Readers are further cautioned not
to place undue reliance on forward-looking statements, as there can
be no assurance that the plans, intentions or expectations upon
which they are placed will occur. Such information, although
considered reasonable by management at the time of preparation, may
prove to be incorrect and actual results may differ materially from
those anticipated.
Forward-looking statements
contained in this press release are expressly qualified by this
cautionary statement and reflect the Company's expectations as of
the date hereof and are subject to change thereafter. The Company
undertakes no obligation to update or revise any forward-looking
statements, whether as a result of new information, estimates or
opinions, future events or results or otherwise or to explain any
material difference between subsequent actual events and such
forward- looking information, except as required by applicable
law.
Neither the Canadian Securities
Exchange nor the Market Regulator (as that term is defined in the
policies of the Canadian Securities Exchange) accepts
responsibility for the adequacy or accuracy of this
release.