08:31:24 EDT Sun 28 Apr 2024
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Midnight Sun Mining Corp
Symbol MMA
Shares Issued 119,000,000
Close 2024-03-14 C$ 0.25
Market Cap C$ 29,750,000
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Midnight Sun adds Wagner to board

2024-03-14 10:17 ET - News Release

Mr. Al Fabbro reports

MIDNIGHT SUN APPOINTS DARIN WAGNER TO ADVISORY BOARD

Midnight Sun Mining Corp. has appointed Darin Wagner to the company's advisory board.

Al Fabbro, Midnight Sun's president and chief executive officer, stated: "As we move forward with the exploration of our flagship Solwezi project, it is imperative that we continue to bolster our team. The breadth of experience Darin brings, particularly with his experience in Africa and successfully leading a number of merger and acquisition transactions, will be invaluable to Midnight Sun. With our recently announced Dumbwa earn-in with KoBold Metals, we gained a world-class partner. We are now building the bench strength of our internal team, to position Midnight Sun for success as we move forward at Solwezi. We are confident in saying that the quality of the individuals involved with our project are a reflection of the quality of the Solwezi project itself."

Mr. Wagner stated: "It is increasingly rare to find a junior explorer like Midnight Sun with a highly successful exploration team making new discoveries in the stomping grounds of major copper producers. Solwezi is a rare asset amongst junior explorers as evidenced by the strong third party interest in helping to move the project forward. The recent agreement with KoBold Metals is a hugely significant milestone and shareholders should be excited about what this means for the project. I congratulate Al and his team for their foresight in finding a path to move the project forward, while protecting the upside for Midnight Sun's shareholders in today's challenging markets. As one of those shareholders I am thrilled by the recent developments at Solwezi and looking forward to being a part of the excitement in the months ahead."

Mr. Wagner is a professional geologist with extensive experience building and leading exploration stage companies, as well as guiding mineral exploration programs globally. He has been directly involved in a number of M&A transactions and helped to raise several hundred million dollars for mineral exploration since 1999.

In 1999 Mr. Wagner became vice-president, exploration, for New Millennium Metals Corp. which was successfully merged with Platinum Group Metals Ltd. in 2002. Mr. Wagner served as exploration manager for Platinum Group Metals through the acquisition, discovery, and initial delineation of the multimillion-ounce Maseve PGE mine in South Africa.

Mr. Wagner became president of Sydney Resource Corp. in 2005 and helped steer the successful merger with Band Ore Resources to form West Timmins Mining Inc. in 2006. He then served as president, chief executive officer, director and qualified person for West Timmins Mining through the discovery of the high-grade Thunder Creek and 144 gold deposits -- which form part of the Timmins West mine complex in Timmins, Ont. He oversaw the acquisition of West Timmins by Lake Shore Gold in an all-share deal valued at $424-million which was completed in 2009.

He then founded Canadian explorer Balmoral Resources Ltd. and served as its president and chief executive officer through a series of gold and base metal discoveries culminating in its 2020 acquisition by Wallbridge Mining Company Ltd. in an all-share deal valued on closing at $160-million. Mr. Wagner was also a co-founder of Falco Resources, a founding director of NewCastle Gold (acquired by Equinox Gold in 2017), and served as an adviser to the management of Nova Royalty Corp. up to its recent acquisition by Metalla Royalty and Streaming. He currently acts as a technical adviser to MAG Silver and to newly listed Dryden Gold.

About Midnight Sun Mining Corp.

Midnight Sun is focused on exploring its flagship Solwezi project, located in Zambia. Situated in the heart of the Zambia-Congo copperbelt, the second-largest copper producing region in the world, the company's property is vast and highly prospective. The Solwezi project is surrounded by world-class producing copper mines, including Africa's largest copper mining complex right next door, First Quantum's Kansanshi mine. Led by an experienced geological team with multiple discoveries and mines around the world to its credit, Midnight Sun intends to find and develop Zambia's next-generational copper deposit.

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