Nighthawk Gold Corp. (“Nighthawk” or the
“Company”) (TSX: NHK; OTCQX: MIMZF) is pleased to announce
the appointment of Salvatore “Sal” Curcio, CPA, CA to the role of
Chief Financial Officer (“CFO”) of the Company effective
January 1, 2023. Mr. Curcio is currently the Vice President of
Finance for Nighthawk. Current Nighthawk CFO Michael G. Leskovec,
CPA, CA plans to step down to focus on his role as Co-Founder and
CFO of Juno Corp., a privately held exploration company with
properties in the Ring of Fire region in Northern, Ontario,
Canada.
Nighthawk President & CEO Keyvan Salehi commented,
“We are excited with Sal’s appointment to CFO. Sal brings a wealth
of mine development, project financing, and operating experience
from Mountain Province Diamonds. Sal’s experience is critical going
forward as we advance the Colomac Gold Project towards the next
stages of development. Furthermore, he has been integral in driving
down site costs this year and keeping the Company’s balance sheet
strong; Nighthawk plans to end the year with more than C$17 million
in working capital.”
“I’d like to thank Michael for his significant contributions as
the CFO of Nighthawk since its inception. Michael was instrumental
to Nighthawk’s growth and had cultivated strong relationships with
the stakeholders of the Company.”
Mr. Curcio is a Chartered Professional Accountant with over ten
years of financial, audit and assurance expertise with publicly
listed companies. Previously, Mr. Curcio was the Manager of
Accounting and Finance at Mountain Province Diamonds Inc.
(2015-2021), which jointly own the open-pit Gahcho Kué Diamond Mine
in the Northwest Territories, Canada, with DeBeers Canada Inc. At
Mountain Province, Mr. Curcio oversaw the firm’s financial
reporting, planning and analysis, particularly during the
transition from development-stage project to a commercially
producing mine. Mr. Curcio concurrently served as the Manager of
Financial Reporting at Kennady Diamonds Inc. (2015-2018) until the
acquisition by Mountain Province Diamonds in 2018. Mr. Curcio
earned his Chartered Professional Accountant, Chartered Accountant
(CPA, CA) designation while working in the audit and assurance
practice for Schwartz Levitsky Feldman LLP, and has his Honours
Bachelor of Accounting and Financial Management (BAFM) Degree and
Masters of Accounting (MAcc) Degree from the University of
Waterloo. Mr. Leskovec will continue to advise the Company
throughout 2023 to assist with the transition.
About Nighthawk Gold Corp. Nighthawk is a
Canadian-based gold exploration company with 100% ownership of more
than 930 km2 of district-scale land position within the Indin Lake
Greenstone Gold Belt, located approximately 200 km north of
Yellowknife, Northwest Territories, Canada. The Company is
advancing several highly prospective exploration targets. The
Colomac Gold Project currently has a Mineral Resource Estimate1 of
58.2 million tonnes grading 1.44 g/t Au for 2.69 million ounces in
the Indicated category and 19.7 million tonnes grading 2.10 g/t Au
for 1.33 million ounces in the Inferred category. Nighthawk’s
experienced management team, with a track record of successfully
advancing projects and operating mines, is working towards
demonstrating the economic viability of its assets and rapidly
advancing its projects towards a development decision.
Forward-Looking Information This news release
contains "forward-looking information" within the meaning of
applicable Canadian securities legislation. Forward-looking
information includes, but is not limited to, information with
respect to the Company’s mineral resource estimates, potential
expansion of pit-constrained (or open-pit) mineralization,
potential expansion of mineral resource estimates, the potential
for higher-grade assay results, continued exploration and drilling
initiatives and having the necessary funding required to complete
these initiatives, the prospectivity of exploration targets, the
potential economic viability of the assets, and the advancement of
projects towards a development decision. Generally, forward-looking
information can be identified by the use of forward-looking
terminology such as “add” or “additional”, “advancing”,
“anticipates” or “does not anticipate”, “appears”, “believes”, “can
be”, “continue”, “deliver”, “demonstrating”, “estimates”,
“encouraging”, “expand” or “expanding” or “expansion”, “expect” or
“expectations”, “forecasts”, “forward”, “goal”, “increase”,
“intends”, “justification”, “plans”, “potential” or “potentially”,
“prospective”, “prioritize”, “reflects”, “scheduled”, “suggesting”,
“support”, “updating”, “upside”, “will be” or “will consider”,
“work towards”, or variations of such words and phrases or state
that certain actions, events or results “may”, “could”, “would”,
“might”, or “will be taken”, “occur”, or “be achieved”.
Forward-looking information is based on the opinions and
estimates of management at the date the information is made, and is
based on a number of assumptions and is subject to known and
unknown risks, uncertainties and other factors that may cause the
actual results, level of activity, performance or achievements of
Nighthawk to be materially different from those expressed or
implied by such forward-looking information, including risks
associated with required regulatory approvals, the exploration,
development and mining such as economic factors as they effect
exploration, future commodity prices, changes in foreign exchange
and interest rates, actual results of current exploration
activities, government regulation, political or economic
developments, the war in Ukraine and its effect on supply chains,
environmental risks, COVID-19 and other pandemic risks, permitting
timelines, capital expenditures, operating or technical
difficulties in connection with development activities, employee
relations, the speculative nature of gold exploration and
development, including the risks of diminishing quantities of
grades of reserves, contests over title to properties, and changes
in project parameters as plans continue to be refined as well as
those risk factors discussed in Nighthawk's annual information form
for the year ended December 31, 2021, available on www.sedar.com.
Although Nighthawk has attempted to identify important factors that
could cause actual results to differ materially from those
contained in forward-looking information, there may be other
factors that cause results not to be as anticipated, estimated or
intended. There can be no assurance that such information will
prove to be accurate, as actual results and future events could
differ materially from those anticipated in such information.
Accordingly, readers should not place undue reliance on
forward-looking information. Nighthawk does not undertake to update
any forward-looking information, except in accordance with
applicable securities laws.
____________________
1 For more information on the Mineral
Resource Estimate (“2022 MRE”) please refer to the March 8,
2022 news release and in the Company’s NI 43-101 technical report
entitled “NI 43-101 Technical Report and Update of the Mineral
Resource Estimate for the Indin Lake Gold Property, Northwest
Territories, Canada” and dated March 31, 2022 (“Technical
Report”), which is available on SEDAR www.sedar.com and on the
Company’s website at www.nighthawkgold.com. John McBride, Vice
President of Exploration of Nighthawk, who is the “Qualified
Person” as defined by NI 43-101, has reviewed and approved of the
scientific and technical disclosure contained in this news
release.
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version on businesswire.com: https://www.businesswire.com/news/home/20221215005784/en/
FOR FURTHER INFORMATION PLEASE CONTACT:
NIGHTHAWK GOLD CORP. Tel: 1-416-880-7090; Email:
info@nighthawkgold.com Website: www.nighthawkgold.com
Keyvan Salehi President & CEO
Salvatore Curcio CFO
Allan Candelario VP, Investor Relations & Corporate
Development
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