02:09:02 EDT Thu 02 May 2024
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Churchill Resources Inc
Symbol CRI
Shares Issued 141,942,288
Close 2023-11-28 C$ 0.09
Market Cap C$ 12,774,806
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Churchill adds Easah as director, Fisher as chairman

2023-11-28 17:23 ET - News Release

Mr. Paul Sobie reports

CHURCHILL RESOURCES APPOINTMENTS TO BOARD OF DIRECTORS AND GRANT OF OPTIONS

Churchill Resources Inc. has appointed Malik Easah as director and Bill Fisher as chairman of the board of directors of the company.

Mr. Easah is executive chairman of Asante Gold Corp. (CSE: ASE), a gold production, exploration and development company with projects in Ghana, including its operating Bibiani and Chirano gold mines which together produce approximately 250,000 ounces per year, based on Asante's projections. Mr. Easah was a founder and executive director of Cardinal Resources Ltd. where he played a key role in the discovery and development of the seven-million-ounce Namdini gold project in Northern Ghana. Cardinal Resources was acquired by Shandong Gold Company for approximately $600-million (Australian). Mr. Easah has over 15 years of exploration, mining and project development experience, and resides in Accra, Ghana.

Mr. Fisher, PGeo, graduated as a geologist in 1979 and has a proven record of discovery and development including a number of residential posts in Africa, Australia, Europe and Canada. Under his leadership, Karmin Exploration discovered the Aripuana polymetallic massive sulphide deposits in Brazil, currently being developed by Nexa Resources. From 1997 to 2001 Mr. Fisher was vice-president, exploration, for Boliden AB, a major European mining and smelting company where he was responsible for 35 projects in nine countries. From 2001 to 2008 Mr. Fisher transformed GlobeStar Mining Corp. from an exploration company to an emerging mining company in the Dominican Republic, developing and financing the Cerro de Maimon copper/gold mine until it was sold to Perilya for $186-million. Mr. Fisher was chief executive officer of GoldQuest Mining Corp. when it discovered the three-million-ounce Romero gold deposit in the Dominican Republic, where he currently serves as chairman. Mr. Fisher served as chairman of Aurelian Resources which was sold to Kinross Gold for $1.2-billion after the discovery of the giant Fruta del Norte gold deposit in Ecuador, currently being mined by Lundin Gold. Mr. Fisher has recently resigned as chairman of Horizonte Minerals, which discovered, acquired and developed the Tier 1 Araguaia and Vermelho nickel deposits in Brazil where the project is under construction.

The company also announces that its board of directors has approved the grant of an aggregate of nine million stock options to certain directors, officers and consultants of the company. The options were issued with an exercise price of 10 cents and have a five-year term.

About Churchill Resources Inc.

Churchill Resources is a Canadian exploration company focused on high-grade, magmatic nickel sulphides in Canada, principally at its prospective Taylor Brook and Florence Lake properties in Newfoundland and Labrador. The Churchill management team, board and its advisers have decades of combined management experience in mineral exploration and in the establishment of successful publicly listed mining companies, both in Canada and around the world. Churchill's Taylor Brook and Florence Lake projects have the potential to benefit from the province's large and diversified minerals industry, which includes world-class nickel mines and processing facilities, and a well-developed mineral exploration sector with locally based drilling and geological expertise. The province was recently ranked fourth in the world for investment attractiveness by the Fraser Institute in its 2022 annual survey of mining and exploration companies.

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