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Surge Copper Corp
Symbol SURG
Shares Issued 138,170,226
Close 2021-07-28 C$ 0.375
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Surge Copper nominates Colterjohn, Dorward as directors

2021-07-28 10:11 ET - News Release

Mr. Leif Nilsson reports

SURGE COPPER ANNOUNCES NOMINATION OF RICHARD COLTERJOHN AND JOHN DORWARD TO THE BOARD OF DIRECTORS

As part of its continuing board renewal initiative, Surge Copper Corp.'s board of directors has approved the nomination of Richard Colterjohn and John Dorward to be elected to the board of directors at the coming annual general meeting of shareholders on Sept. 22, 2021.

Leif Nilsson, chief executive officer and director, commented: "We are delighted to be nominating Richard and John to join the board of Surge. I have personally worked with both individuals in prior roles and know them to be among the most astute professionals in the industry who will bring highly relevant experience and expertise to the board of Surge. I look forward to their contributions and guidance as we continue to build the company."

Mr. Colterjohn has served as managing partner of Glencoban Capital Management Inc., a merchant banking firm, since 2002. He has over 25 years of involvement in the mining sector, as an investment banker, director and operator. Prior to co-founding Glencoban Capital, he served as a managing director at UBS Bunting Warburg from 1992 to 2002, where he was head of mining sector investment banking activities in Canada. In 2004, he founded Centenario Copper Corp. and served as the president and chief executive officer and a director until the sale of the company in 2009. Mr. Colterjohn has served on the boards of nine additional publicly traded mining companies, including: Canico Resource Corp., Cumberland Resources Ltd., Viceroy Exploration Ltd., Explorator Resources Ltd., Aurico Gold Inc., Aurico Metals Inc., Mag Silver Corp., Harte Gold Corp. and Roxgold Inc. Mr. Colterjohn holds a BComm from the University of Toronto and an MBA from IMD and is an accredited director.

Mr. Dorward has over 25 years of experience in the mining and finance industries. Mr. Dorward most recently served as president, chief executive officer and a director of Roxgold, leading the business for over eight years from the early resource stage through mine commissioning, five years of production growth, and several major finance and asset acquisition transactions, culminating in its acquisition by Fortuna Silver Mines Inc. Prior to Roxgold, Mr. Dorward held senior business development and finance roles at Fronteer Gold Inc., Mineral Deposits Ltd., Leviathan Resources Ltd. and MPI Mines Ltd. Mr. Dorward is currently a non-executive chair on the board of directors of Contact Gold Corp.

Patrick Bell and Kinder Deo have decided not to stand for re-election at the conclusion of their current terms but will be continuing to serve as advisers to Surge.

Further information regarding the nominees will be provided in the management information circular, which will be provided to shareholders in advance of the annual general meeting.

About Surge Copper Corp.

The company owns a 100-per-cent interest in the Ootsa property, an advanced-stage exploration project containing the East Seel, West Seel and Ox porphyry deposits located adjacent to the open-pit Huckleberry copper mine, owned by Imperial Metals. The Ootsa property contains pit-constrained National Instrument 43-101 compliant resources of copper, gold, molybdenum and silver in the measured and indicated categories.

The company is also earning into a 70-per-cent interest in the Berg property from Centerra Gold. Berg is a large, advanced-stage exploration project located 28 kilometres northwest of the Ootsa deposits. Berg contains pit-constrained NI 43-101 compliant resources of copper, molybdenum and silver in the measured and indicated categories. Combined, the adjacent Ootsa and Berg properties give Surge a dominant land position in the Ootsa-Huckleberry-Berg district and control over four advanced porphyry deposits.

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