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Minsud Resources Corp
Symbol MSR
Shares Issued 164,948,515
Close 2025-04-25 C$ 0.74
Market Cap C$ 122,061,901
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Minsud Resources appoints Bobis VP, exploration

2025-06-04 16:04 ET - News Release

Mr. Agustin Dranovsky reports

MINSUD ANNOUNCES PRIVATE PLACEMENT; APPOINTS NEW VP EXPLORATION

Minsud Resources Corp. has appointed Dr. Renato Bobis as part-time vice-president, exploration, following the resignation of Maria del Carmen Munoz.

The company expresses its sincere gratitude to Ms. Munoz for her dedication, leadership and technical contributions during her tenure as vice-president, exploration. Her work has been instrumental in advancing Minsud's exploration portfolio, and the company wishes her continued success in her future endeavours.

Dr. Bobis is an accomplished economic geologist with over 40 years of international expertise in mineral exploration and development in both South America and Asia-Pacific regions. Most recently, he was the senior manager generative and resource evaluation with South32 and formerly with BHP, Sinogold, Golden China, Newcrest, Arc Exploration, Placer Dome, Laverton Gold, Yamana and Renison Goldfields. Dr. Bobis focuses on finding orebodies in a spectrum of environments (particularly porphyry-epithermal-skarn-breccia-hosted deposits) from country-wide to camp-scale exploration and development. He has led several base and precious metals discoveries. Dr. Bobis is a competent/qualified person (CP/QP) for reporting purposes under both the Canadian National Instrument 43-101 -- Standards of Disclosure for Mineral Projects and the Australian Joint Ore Reserve Committee standards.

Ramiro Massa, director of Minsud, stated: "Dr. Bobis played a pivotal role in identifying and advancing the Chinchillones porphyry Cu-Au-Mo-Zn-Pb deposit in the Chita Valley project. He also led the design and implementation of the successful scout and resource drilling programs, establishing a resource base exceeding 760 million tonnes of potentially mineable polymetallic epithermal-porphyry copper mineralization. We are pleased to welcome someone of Dr. Bobis's calibre to the team. His global experience and deep technical expertise will be invaluable as we advance our Chita Valley project."

Private placement

Minsud is also pleased to announce that it intends to complete, subject to the acceptance of the TSX Venture Exchange, a non-brokered private placement of common shares of the company for gross proceeds of up to $830,000 at a price of 74 cents per common share.

The net proceeds will be used to continue exploring the Chita Valley project as well as working capital and corporate overhead requirements. No commission or finder's fee will be paid in connection with the private placement. The common shares will be subject to a hold period of four months and a day from their date of issuance.

A portion of the common shares issued under the private placement are expected to be subscribed for by insiders of the company. Any such subscription will be considered to be a related party transaction within the meaning of TSX-V Policy 5.9 which incorporates Multilateral Instrument 61-101. The company intends to rely on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(b) and 5.7(a) of MI 61-101 in respect of such insider participation.

About Minsud Resources Corp.

Minsud is a mineral exploration company focused on exploring its flagship Chita Valley Cu-Mo-Au-Ag-Pb-Zn project, in the province of San Juan, Argentina. The company's shares are listed on the TSX Venture Exchange under the trading symbol MSR and on the OTCQX under the symbol MDSQF.

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