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Enter Symbol
or Name
USA
CA



Condor Gold PLC
Symbol COG
Shares Issued 94,663,522
Close 2019-11-12 C$ 0.38
Market Cap C$ 35,972,138
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Condor Gold appoints Stalker as non-executive director

2019-11-21 06:25 ET - News Release

Mr. Mark Child reports

APPOINTMENT OF IAN STALKER AS NON-EXECUTIVE DIRECTOR

John (Ian) Stalker has been appointed, with immediate effect, as a non-executive director of Condor Gold PLC.

Mark Child, chairman and chief executive officer of Condor Gold, commented: "Ian joins Condor Gold at a time when permits have been received to construct and operate a processing plant with capacity of 2,800 tonnes per day and initial production forecast at circa 100,000 ounces gold per annum from a single open pit. As the company moves towards a construction decision for new gold mine at Mina La India, Ian's significant construction and operating experience in a number of producing gold mines worldwide will be an invaluable guide to Condor Gold."

Mr. Stalker is a senior international mining executive with over 45 years of experience in resource development. He has directed over 12 major gold, base metal, uranium and industrial minerals projects at various phases, from initial exploration drilling to start-up.

Mr. Stalker has held senior positions at major gold producers, notably as vice-president at Gold Fields and managing director (international projects) at Ashanti Goldfields. Mr. Stalker has been involved in either the construction and/or operation of the following gold mines: Sansu Ghana open pits and oxide treatment plant -- 420,000 ounces gold per annum; Ashanti open-pit and underground sulphide expansion and biox treatment plant -- 500,000 ounces gold per annum; Bibiani mine (Ghana) -- 200,000 ounces gold per annum; Siguiri mine, Guinea -- 250,000 gold per annum; Geita mine, Tanzania -- 250,000 ounces gold per annum; St. Ives Mine, Australia -- 500,00 ounces gold per annum; and Filon Sur mine, Spain -- 40,000 ounces gold per year.

Mr. Stalker was chief executive officer of Brazilian Gold Corp., a TSX Venture Exchange-listed company from 2011 until its sale to Brazil Resources in 2013. From 2009 to 2011 he was chief executive officer and later a non-executive director of Berkeley Resources Ltd., an Australian Securities Exchange- and Alternative Investment Market-quoted company with its main asset being a uranium development project in Spain and from 2008 to 2010, chairman and chief executive officer at Niger Uranim Ltd. He was chief executive officer of UraMin Inc. from 2005 until its acquisition by Areva SA in 2007 for $2.5-billion (U.S.). Prior to joining UraMin, between 2001 and 2004, Mr. Stalker was vice-president at Gold Fields Ltd., the fourth-largest gold producer in the world at the time. Since 2014 Mr. Stalker has been chief executive officer (2014 to 2017) and subsequently a director (currently non-executive) of TSX-V-listed K92 Mining Inc., a gold and copper producer operating in Papua New Guinea. Mr. Stalker was also chief executive officer of LSC (lithium) a TSX-V-listed company from 2017 to March, 2019, when it was sold to Pluspetrol (Argentina).

Mr. Stalker's education: Strathclyde University (BSc (honours) Chem, Eng (1973)

Mr. Stalker (aged 68) has held the following directorships and/or partnerships in the past five years:

Current:

  • Bradda Head Holdings Ltd. (British Virgin Islands);
  • K92Mining Inc. (Canada);
  • K92 Holdings International Ltd. (British Virgin Islands);
  • Helium One (British Virgin Islands);
  • UrAmerica Ltd. (United Kingdom);
  • Circum Minerals Ltd. (United Kingdom);
  • Nexus Gold Corp. (Canada).

Past:

  • LSC Lithium Corp. (Canada);
  • Plateau Energy Metals Inc. (Canada);
  • Premier African Minerals Ltd. (United Kingdom);
  • LSC Lithium Ltd. (Canada);
  • Forum Energy Metals Corp. (Canada);
  • Azincourt Energy (Canada);
  • Aura Minerals Inc. (Canada);
  • Kore Potash Ltd. (Australia);
  • Taia Lion Resources (United States).

Along with a standard services contract for his role as a non-executive director, the company has entered into a consultancy agreement with Mr. Stalker, should he be required to provide additional consultancy services. There is no further information on Mr. Stalker to be disclosed under Schedule 2, paragraph (g) (i) to (viii) of the AIM Rules for Companies.

About Condor Gold PLC

Condor Gold was admitted to Alternative Investment Market in May, 2006, and dual listed on the Toronto Stock Exchange in January, 2018. The company is a gold exploration and development company with a focus on Nicaragua.

In August, 2018, the company announced that the Ministry of the Environment in Nicaragua had granted the company the environmental permit (EP) for the development, construction and operation of a processing plant with capacity to process up to 2,800 tonnes per day at its wholly owned La India gold project. The EP is considered to be the master permit for mining operations in Nicaragua.

The technical and scientific information in this press release has been reviewed, verified and approved by Andrew Cheatle, PGeo, who is a qualified person as defined by NI 43-101.

We seek Safe Harbor.

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