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BWR Exploration names Moore as adviser, Suttie as CFO

2023-10-18 17:14 ET - News Release

Mr. Neil Novak reports

BWR EXPLORATION INC. ANNOUNCES JEAN-DAVID MOORE AS AN ADVISOR AND ROBERT SUTTIE AS CHIEF FINANCIAL OFFICER AND THE GRANT OF STOCK OPTIONS

BWR Exploration Inc. has appointed Jean-David Moore as an adviser to the company.

Mr. Moore has participated in many of BWR's private placements over the past six years, accruing a significant interest in shares of the company. Over the past few decades, Mr. Moore, as a savvy investor, has developed a resource focused network in the exploration sector through his numerous investments. Mr. Moore is a director of Vanstar Mining Resources Inc., Fokus Mining Corp. and Green Canada Corp., and is also an adviser for Puma Exploration Inc. and Dios Exploration Inc.

Mr. Moore earned an undergraduate degree in forestry engineering, followed by a master's degree from Laval University in Quebec. He is a member of the Order of Forest Engineers of the Province of Quebec (OIFQ). As a forestry scientist, he has published more than 70 scientific publications in international journals. Mr. Moore's fieldwork as a forestry scientist introduced him to the mineral exploration industry, his research work delved into sensitive environments in the boreal zone in Northern Quebec's Abitibi region. Mr. Moore's knowledge of boreal zone biomes is very apropos to the environmental monitoring program that will be forming part of BWR's go forward plans for eco-friendly exploration at its projects.

Mr. Moore stated: "I'm very happy to join BWR's team as an adviser. Over the past several years, I have closely observed and supported BWR management as they progressed through a lengthy consultation and engagement process that was essential in order to move the Little Stull Lake gold exploration project forward."

BWR further announces that Robert Suttie has replaced Victor Hugo as its chief financial officer.

Mr. Suttie offers more than 25 years of experience, 10 of which were in public accounting prior to his tenure with the financial reporting group, Marrelli Support Services Inc., where he currently serves as president. Mr. Suttie received his BA from the University of Western Ontario. Mr. Suttie specializes in management advisory services; accounting and the financial disclosure needs of the Marrelli Group's publicly traded client base. Mr. Suttie also serves as chief financial officer to several junior mining companies listed on the Toronto Stock Exchange, TSX Venture Exchange, Canadian Securities Exchange as well as non-listed companies. Mr. Suttie leverages his skills and experience to become integral to reporting issuers in Canada.

Mr. Suttie succeeds Mr. Hugo, who has served as the company's CFO since January, 2019. "It has been a real pleasure to work with Vic over the last four years," said BWR's president, Neil Novak. "Vic's guidance and support has been invaluable, we wish Vic all the best in his future endeavours, and I'd also like to welcome Robert Suttie to BWR's management team. Robert has many years of experience with public companies in a wide variety of industries. Robert, through Marrelli Support Services, provides cost-effective financial services that are ideal for BWR."

Grant of stock options

In addition, effective Oct. 16, 2023, 2.05 million incentive stock options were granted to the officers, directors and consultants of the company at an exercise price of five cents per common share pursuant to the company's stock option plan and any regulatory approval that may be required. The options are fully vested and expire five years from date of grant.

About BWR Exploration Inc.

BWR Exploration is a public company focused on exploring for base and precious metals, with its flagship Little Stull Lake gold project in northeastern Manitoba along with other exploration projects in Northern Ontario and Northern Quebec, Canada. Management of BWR includes an accomplished group of exploration/mining specialists with many decades of operational experience in the junior resource sector. There are currently 106,010,461 shares issued and outstanding in the company.

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