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MONTREAL, July 28, 2020 /CNW Telbec/ - Yorbeau
Resources Inc. (TSX: YRB) (the "Company" or
"Yorbeau") is pleased to announce that Mr. John Jacobsen has been appointed to the board of
directors of the Company, effective July 27,
2020.
Mr. Jacobsen is President and Chief Executive Officer of the
Tower Group of companies, one of Canada's foremost Arctic design, construction
and management companies founded in 1946 and which includes Nunavut
Territory based civil, marine and industrial/commercial
construction divisions, real estate holdings, heavy equipment
leasing and quarry operations. Mr. Jacobsen is a past Treasurer of
the Canadian Chamber of Commerce Board of Directors, as well as a
Governor in Council appointed member of the Payments in Lieu of
Taxes Dispute Advisory Panel. Mr. Jacobsen was awarded the Queen's
Diamond Jubilee Medal in 2012 by
Canada's Governor General for his
contributions to the North and Canadian business community. Mr.
Jacobsen graduated from the University of
Western Ontario in Business Administration and Economics and
later continued his post–graduate studies at the University of Toronto.
Mr. Terry Kocisko, director and
Chief Executive Officer, commented: "Yorbeau is extremely pleased
to welcome John to its board of directors. We are excited to begin
working together and benefiting from his extensive experience and
industry insight as we continue to execute on the Company's
strategic objectives."
About Yorbeau Resources Inc.
Yorbeau Resources is a diversified mining exploration company
with an enviable portfolio of exploration properties in
Quebec. The exploration projects
comprise both gold and base metal projects, and the strategic focus
of the Company is on projects located in areas easily accessible
and with infrastructure. The wholly-owned Rouyn Property is the
Company's main gold asset and contains four known gold deposits in
the 6 km long Augmitto-Astoria corridor situated on the western
portion of the property. The Company signed a definitive agreement
in December 2018, whereby IAMGOLD has
the option to acquire a 100% interest in the Rouyn property, where
very encouraging drilling results were obtained in 2019. The base
metal assets include the Scott Project, which bears important
mineral resources (see the press release dated March 30, 2017) and on which a positive
Preliminary Economic Assessment was recently completed.
For additional information on the Company, consult its website
at www.yorbeauresources.com.
SOURCE Yorbeau Resources Inc.