14:04:29 EDT Tue 25 Jun 2019
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Royal Nickel Corp
Symbol C : RNX
Shares Issued 466,203,257
Close 2019-02-22 C$ 0.72
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Royal Nickel appoints Huet as executive chairman

2019-02-25 10:09 ET - News Release

Mr. Scott Hand reports


Royal Nickel Corp. (RNC Minerals) has implemented changes to its board of directors to enhance its performance and that of the company going forward. Effective immediately, Paul Andre Huet, who joined the RNC board on Nov. 18, 2018, will assume the role of executive chairman of the company. As executive chairman, Mr. Huet will take an active role working with management to deliver on the strategy of the company, including the implementation of its plans for the Beta Hunt mine in Western Australia. Scott Hand, former executive chairman of the board, will become lead director. Warwick Morley-Jepson, who has been an observer to the board, will now join the board and assume the role of chairman of the technical committee.

Mr. Hand stated, "The company will benefit from Paul's extensive experience in the gold industry. He will work closely with management to realize the great potential for the Beta Hunt mine and to enhance the value of the company over all." Mr. Huet stated: "With these changes to the board, we are preparing the company to be more focused on our more advanced Beta Hunt asset in Western Australia. I look forward to working closely with CEO [chief executive officer] Mark Selby and the RNC management team to support them in every way I can to realize the great potential for the company for all our shareholders."

Mr. Huet has over 30 years of career experience in the mining industry and is an expert in narrow-vein, high-grade mining. Most recently, Mr. Huet was president, chief executive officer and a director of Klondex Mines from 2012 to 2018 until it was acquired by Hecla Mining Company.

Mr. Hand stated: "Warwick, with his extensive experience in the gold industry, will continue to provide excellent expertise to the company." Mr. Morley-Jepson has more than 35 years of experience in the gold mining industry. Prior to his retirement in 2016, he served as executive vice-president and chief operating officer of Kinross Gold Corp.

Donald McInnes will retire from the board to allow Mr. Morley-Jepson to move from his observer status to a full director. Frank Marzoli, who was a founder of RNC, intends to retire from the board once the company has identified a person to succeed him as a director. Mr. Marzoli stated, "I believe that the changes being made, with Paul assuming the role of executive chairman, put the company in an excellent position to succeed at Beta Hunt and Dumont for the benefit of our shareholders." Mr. Hand stated: "We most appreciate the service of Frank and Donald. They have been fine directors and we wish them well for the future."

About Royal Nickel Corp. (RNC Minerals)

RNC has a 100-per-cent interest in the producing Beta Hunt gold mine located in Western Australia where a significant high-grade gold discovery -- Father's Day vein -- was recently made. RNC is currently completing a 40,000-metre drill program, the results of which will be incorporated into an updated National Instrument 43-101-compliant mineral resource estimate and mine plan targeted for Q2 2019. RNC also has a 28-per-cent interest in a nickel joint venture that owns the Dumont nickel-cobalt project located in the Abitibi region of Quebec, which contains the second-largest nickel reserve and eighth-largest cobalt reserve in the world. RNC owns a 33-per-cent interest in Orford Mining Corp., a mineral explorer focused on highly prospective and underexplored areas of Northern Quebec.

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