Mr. Ryan Kalt reports
CORPORATE UPDATE
79 Resources Ltd.
has provided the following corporate update.
Director appointment
The corporation is pleased to announce the appointment of Eugene Hodgson to its board of directors, the board appointment having immediate effect.
Mr. Hodgson has had an extensive career in the capital markets and with listed issuers, incorporating leadership roles in a diverse range of private industry companies, including currently as the chief financial officer at Tevano Systems Holdings Inc. which holds Aqua-Eo Ltd., an environmental, social and governance focused industrial technology company that is developing commercial extraction solutions for lithium and other critical minerals by way of effluent treatment for the mining and oil and gas sectors. Mr. Hodgson has also served as an investment banker at Corpfinance International Inc. for 11 years, specializing in infrastructure debt and equity financing, and his experience includes first nations negotiations, and corporate and financial strategy development, as well as public issuer undertakings. He is an experienced corporate director and has served on the boards of numerous public companies throughout his well-established career.
Incentive stock option grant
Subsequent to the board appointment, the corporation further announces that it today granted the aggregate of three million incentive stock options, having an exercise price of five cents each, to certain directors, officers and consultants of the corporation.
The incentive stock options are exercisable for a period of 60 months, vest immediately, and are subject to the policies of the Canadian Securities Exchange and the terms of the corporation's stock option plan.
About 79 Resources Ltd.
79 Resources is a Vancouver-based junior mining exploration company. Traded on the Canadian Securities Exchange under the symbol SNR, the corporation seeks to acquire, explore and develop mineral exploration projects.
79 Resources is currently focused on its Five Point copper-gold project in British Columbia, and holds the
North Preston uranium project in Saskatchewan.
We seek Safe Harbor.
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