Yale Simpson Appointed Chairman of Adamera Minerals Corp.
Vancouver, British Columbia, September 23, 2016 - Adamera Minerals Corp. (TSX-V: ADZ) held its Annual General Meeting on September 15th, 2016. Elected members of the board include Yale Simpson Mark Kolebaba Geir Liland and Bernard Kahlert.
Yale Simpson has been appointed Chairman of the Board. Mr. Simpson has been a director of Adamera and its predecessor Diamonds North since 2002. Yale Simpson has a Bachelor of Applied Science (Geological Engineering) from the University of British Columbia, Canada and is a professional geologist. Yale has more than 30 years' experience as a senior geologist, exploration manager and CEO of companies involved in precious metals projects in Australia, Africa, Eastern Europe and South America. Those companies included Pennzoil Company, Chevron Exploration, Australmin Holdings, Argosy Gold Mines and Black Swan Gold Mines Ltd. He was Co-chairman of Extorre Gold Mines Ltd., a successful spinout from Exeter, which was bought by Yamana Gold Ltd. in 2012. His particular expertise is in strategic resource planning, financing and corporate communications. In addition to Adamera Minerals Corp. Yale is currently a director of Rugby Mining Limited, and the Co-Chairman of Exeter Resource Corporation.
In addition, Adamera has granted 3,175,000 incentive stock options to certain directors, officers, employees and consultants of the Company pursuant to the Company's stock option plan. The options are exercisable at a price of $0.08 per share for a period of 10 years and are subject to the policies of the TSX Venture Exchange.
Adamera Minerals Corp. is exploring for high-grade gold deposits within hauling distance of the operating Kettle River Mill in Northeastern Washington State. The company's strategy is to fast-track the discovery to production process by exploring close to a mill in need of ore. Adamera is exploring several projects with a goal to become the dominant mining/exploration company in the area through discovery.
On behalf of the Board of Directors,
President & CEO
For additional information please contact:
Tel: (604) 689-2010
Fax: (604) 484-7143
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. Statements in this press release, other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, may include forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.