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Group Ten Metals Inc (2)
Symbol PGE
Shares Issued 36,161,467
Close 2017-05-15 C$ 0.21
Market Cap C$ 7,593,908
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Group Ten Metals appoints Thiessen as CFO

2017-05-17 10:10 ET - News Release

Mr. Michael Rowley reports

GROUP TEN METALS APPOINTS TIM THIESSEN AS CHIEF FINANCIAL OFFICER AND ESTABLISHES ADVISORY BOARD

Group Ten Metals Inc. has appointed Tim Thiessen as chief financial officer and of Brian Cloney and Douglas Warkentin to the company's newly formed advisory board.

Mr. Thiessen is a chartered accountant with 20 years of international accounting and finance experience, the last 13 of which have been spent in the mining industry. Currently CFO at Metallic Minerals Corp. and Foran Mining Corp., he previously held this position with SnipGold Corp. (acquired by Seabridge Gold Inc. in June, 2016) and Aurcana Corp. Mr. Thiessen spent seven years as vice-president of finance for Toronto Stock Exchange-listed Endeavour Financial Ltd., an advisory firm in the mining industry specializing in mergers and acquisitions, debt and equity financing, and was part of a team that spawned industry-leading companies such as Silver Wheaton Corp., UrAsia Energy Ltd., Peak Gold Ltd. and Coastal Energy Corp. Mr. Thiessen is a member of the Chartered Professional Accountants of Canada and has also held the positions of controller with Endeavour Mining Capital Corp. and auditor for Deloitte LLP, with a focus in the mining and financial services industries.

Group Ten is also pleased to announce the formation of an advisory board, initially consisting of Mr. Cloney and Mr. Warkentin, to assist in guiding the company's technical and financial progress. Further additions are anticipated in the coming months.

Douglas Warkentin, BSc, PEng, is a metallurgical and process development consultant with over 30 years of experience in the mining and mineral processing industries. Currently senior metallurgist at Kemetco Research Inc. in Richmond, B.C., Mr. Warkentin has conducted mineral processing, hydrometallurgy, mine water treatment and resource recovery on a broad array of base, precious and high-tech metals projects for international clients. He was a co-founder of Group Ten Metals and served on the company's board of directors from October, 2007, to July, 2014. He is the author of numerous technical papers and holds a series of patents for mine water treatment and process technologies. Mr. Warkentin graduated from UBC with a degree in mining and mineral process engineering, and has been a member of the Association of Professional Engineers and Geoscientists of B.C. since 1992.

Mr. Cloney is a chartered professional accountant (CPA) with over 35 years of public accounting experience and is currently the principal of BMC Institutional Supplies & Services Inc., a private Ontario corporation providing management, compliance and financial consulting services in the Greater Toronto Area. Prior to this, he was a chartered accountant at the accounting firm, Brian Cloney CPA & Associates, a position he held since 1985. Mr. Cloney has extensive experience in the mining industry, holding the chief financial officer position with a number of publicly traded exploration and development-stage mineral resource companies. Mr. Cloney was a director of Group Ten from March, 2014, to June, 2016, and is currently chairman and chief executive officer of NWT Copper Mines Ltd.

Group Ten Metals president and chief executive officer, Michael Rowley, stated: "We are very happy to be strengthening our team with such comprehensive financial, technical and corporate governance expertise. The addition of Tim Thiessen as CFO adds a key pillar to the company's foundation. Tim has an extensive background with exploration and development-stage mining companies and brings tremendous expertise in [merger and acquisitions] and corporate finance; transactions that are highly relevant to Group Ten as we execute our business development plans. Messrs. Cloney and Warkentin bring a wealth of knowledge and connections in their respective areas of expertise to the advisory board. I would like to thank Mr. Tim Johnson for his hard work and support as interim CFO over the past eight months through our transition period. We expect to make additional announcements with respect to the team and projects over the coming weeks and months, including potential acquisition opportunities which are currently being evaluated."

About Group Ten Metals Inc.

Group Ten Metals is a Canadian mineral exploration company focused on the acquisition and development of high-quality mineral exploration assets in North America. The company's core holdings include a large land position adjacent to, and along trend with, Wellgreen Platinum's nickel-copper-platinum-group-metal project in the southwest Yukon Territory and the Black Lake-Drayton gold project in the Rainy River district of Northwest Ontario.

We seek Safe Harbor.

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