TORTOLA, British Virgin
Islands, March 15, 2021 /CNW/
- Sailfish Royalty Corp. (TSXV: FISH) (the "Company" or "Sailfish")
is pleased to announce that the Board has appointed Paolo
Lostritto as Vice President of Corporate Development with
direct responsibility for the spinout of the Company's wholly owned
Gavilanes silver property located
in Durango, Mexico ("Gavilanes")
planned for Q2 2021.
On February 2, 2021, the Company
announced that Mine Development Associates ("MDA"), a division of
RESPEC, out of Reno, Nevada, was
hired to prepare an updated mineral resource estimate on
Gavilanes. The updated mineral
resource estimate is a key milestone for the planned spinout of
Gavilanes and the Company is
pleased to report that MDA is expecting to complete their work in
early Q2 2021.
Cesar Gonzalez, Chief Executive
Officer of Sailfish states that, "Paolo's addition to the team
comes at an important time for Sailfish. The updated mineral
resource estimate on Gavilanes is
nearing completion and various options for a spinout are being
evaluated. Paolo's experience as a banker, analyst and mining
engineer will prove invaluable in structuring a transaction that
provides the highest value for shareholders."
Paolo Lostritto Bio
Mr. Lostritto has an extensive background in mining capital
markets and working with companies across the globe since 1997.
Paolo has helped assess different companies/projects and helped
finance them as they advanced through exploration, development, and
production. Some of the companies where Paolo was involved early
include: Kirkland Lake Gold,
Novagold and Lake Shore Gold in 2004; Romarco Minerals in 2006;
Victoria Gold and Volta Resources in
2009.
Mr. Lostritto is currently serving as the Chairman of Signature
Resources Ltd., which is focused on high grade gold exploration in
Ontario. Paolo is a co-founder and
board member of Interstellar Mining Inc which is focused on
leveraging a leading Canadian space mining robotics group (Deltion
Innovations Ltd.) along with Watts, Griffis, and McOuat Ltd.'s
space mining group to develop and produce energy commercially for
the rapidly growing space industry. Over his career, Mr. Lostritto
was a Director of the Mining Equity Research at National Bank
Financial and worked in equity research at Wellington West, Scotia
Capital and TD Securities. He served as an Independent Director at
Savary Gold Corp. which was sold to SEMAFO in 2019.
Mr. Lostritto holds a Bachelor of Applied Science in Geological
and Mineral Engineering in Rock Mechanics from the University of Toronto and he is a registered
Professional Engineer in the Province of Ontario.
About Sailfish
Sailfish is a precious metals royalty and streaming company.
Within Sailfish's portfolio are three main assets on advanced stage
projects in the Americas: a gold stream equivalent to a 3% NSR on
the San Albino gold project (~3.5 sq. km) and a 2% NSR on the rest
of the area (~134.5 sq. km) surrounding San Albino in northern
Nicaragua; an up to 3.5% NSR on
the Tocantinzinho gold project in the prolific Tapajos district of
northern Brazil; and an up to 3%
NSR on the multi-million ounce Spring
Valley gold project in Pershing
County, Nevada.
Sailfish is listed on the TSX Venture Exchange under the symbol
"FISH" and on the OTCQX under the symbol "SROYF". Please visit the
Company's website at www.sailfishroyalty.com for additional
information.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as the term is defined in the policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
Cautionary statement regarding forward–looking
information:
Certain disclosures in this release constitute
"forward-looking information" within the meaning of Canadian
securities legislation. Forward-looking statements are statements
that are not historical facts and are generally, but not always,
identified by words such as the following: expects, plans,
anticipates, believes, intends, estimates, projects, assumes,
potential and similar expressions. Forward-looking statements also
include reference to events or conditions that will, would, may,
could or should occur, including, without limitation, statements
that the Company expects to complete the spinout of Gavilanes in Q2 of 2021 and the completion of
an updated mineral resource estimate in respect of Gavilanes is expected to be completed
in early Q2 2021. In making the forward-looking statements in
this news release, the Company has applied certain factors and
assumptions that the Company believes are reasonable, including
that the Company will complete the spinout of Gavilanes in Q2 of 2021 and the updated
mineral resource estimate in respect of Gavilanes will be completed in early Q2
2021. However, the forward-looking statements in this news release
are subject to numerous risks, uncertainties and other factors that
may cause future results to differ materially from those expressed
or implied in such forward-looking statements, including without
limitation: that the Company will not complete the spinout of
Gavilanes in Q2 of 2021 or at all
and the updated mineral resource estimate in respect of
Gavilanes will not be completed in
early Q2 2021 or at all. There can be no assurance that such
statements will prove to be accurate, as actual results and future
events could differ materially from those anticipated in such
statements. Accordingly, readers should not place undue reliance on
forward-looking statements and forward-looking information. Readers
are cautioned that reliance on such information may not be
appropriate for other purposes. The Company does not undertake to
update any forward-looking statement, forward-looking information
or financial out-look that are incorporated by reference herein,
except in accordance with applicable securities laws.
SOURCE Sailfish Royalty Corp.