Regulus Announces Board Changes
April 13 2021 - 9:00AM
Regulus Resources Inc. ("Regulus" or the
"Company", TSX-V: REG, OTCQX: RGLSF) is pleased to
announce that Michael McClelland has been appointed to the Board of
Directors and as Chair of the Audit Committee. Mr. McClelland is
currently the Chief Financial Officer of both Augusta Gold Corp.
and Titan Mining Corporation. He was formerly the Chief Financial
Officer of Bisha Mining Share Company, an operating subsidiary of
Nevsun Resources Ltd. He previously worked for Goldcorp Inc. as the
Mine General Manager of the Wharf Mine, and prior to that was
Director of Finance, Canada and USA. Mr. McClelland started his
career at KPMG LLP as a Senior Accountant with the Mining Group. He
is a Chartered Accountant and has a Bachelor of Arts in Economics
from Simon Fraser University in British Columbia, Canada.
Concurrently, the Company announces that Jason
Attew has stepped down as a director. Mr. Attew has been a director
of the Company since 2019. The Company would like to thank Mr.
Attew for his valuable contributions during his time on the
Board.
John Black, CEO of Regulus, commented as
follows: “When Jason took the position of CEO at Gold
Standard Ventures in December 2020, we were disappointed to learn
that he would have to step down from the Regulus Board in order to
conform with governance guidelines for CEOs serving on outside
boards. We are fortunate, however, to welcome Michael to the
Regulus Board in Jason’s place. Michael’s extensive experience in
both finance and operations will benefit the Company as we continue
to advance the AntaKori project. I would like to personally thank
Jason for his time on our Board and welcome Michael to our
team.”
The Company has granted options to Mr.
McClelland to purchase 200,000 shares at $0.89 per share for a
period of five years, in accordance with the Company’s Stock Option
Plan.
ON BEHALF OF THE REGULUS
BOARD
(signed) “John Black” John BlackCEO and
Director
For further information, please
contact:
Regulus Resources Inc. Laura
BrangwinInvestor Relations ManagerPhone: +1 646 583-1404 Email:
laura.brangwin@regulusresources.com
About Regulus Resources Inc. and the
AntaKori Project
Regulus Resources Inc. is an international
mineral exploration company run by an experienced technical and
management team. The principal project held by Regulus is the
AntaKori copper-gold-silver project in northern Peru. The AntaKori
project currently hosts a resource with indicated mineral resources
of 250 million tonnes with a grade of 0.48 % Cu, 0.29 g/t Au and
7.5 g/t Ag and inferred mineral resources of 267 million tonnes
with a grade of 0.41 % Cu, 0.26 g/t Au, and 7.8 g/t Ag (see press
release dated March 1, 2019). Mineralization remains open in most
directions.
For further information on Regulus Resources
Inc., please consult our website at www.regulusresources.com.
Neither the TSXV nor its Regulation Services
Provider (as that term is defined in policies of the TSXV) accepts
responsibility for the adequacy or accuracy of this release.
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