SASKATOON, SK, April 28,
2023 /CNW/ - MAS Gold Corp. ("MAS Gold"
or the "Company") (TSXV: MAS) announces that Jim Engdahl is resigning as CEO and Director of
the Company effective May 1, 2023 for
personal reasons. Jim will stay on as an advisor to the
Company for a period of 18 months.
Jim Engdahl commented:
"I would like to take this opportunity to thank MAS Gold and
the team I have worked with over the last two years. To all the new
people I have met and worked with over these past two years THANK
YOU, it has been a pleasure and hopefully our paths will cross
again soon."
The Company wishes Jim all the best in his future endeavours and
want to thank him for his work on behalf of MAS Gold over the past
two years. Ron Netolitzky has
been appointed as Interim CEO.
Issuance of Stock
Options
The Board of Directors has approved the issuance to a director
of 2,500,000 stock options pursuant to the Company's Stock Option
Plan. The stock options are exercisable at a price of
$0.05 per share, and if not
exercised, expire on November 1,
2024, subject to either expiration in accordance with the
Stock Option Plan and the applicable policies of the TSX Venture
Exchange.
Delay in Technical Report
Filing
Further to our news release on March
6, MAS Gold announces that the technical report on the
Preview Southwest Gold Deposit, due to filed on sedar within the 45
day required time frame, has been delayed.
About MAS Gold Corp.
MAS Gold Corp. is a Canadian mineral exploration company focused
on advancing its gold exploration projects in the prospective La
Ronge Gold Belt of Saskatchewan.
MAS Gold is exploring on four properties in the belt,
including the Preview-North, Greywacke Lake, Elizabeth Lake and Henry Lake Properties
totalling 35,175.6 hectares (86,920.8 acres). These properties
extend along the geologically prospective La Ronge, Kisseynew and Glennie Domains that
make up the La Ronge Gold Belt in north-central Saskatchewan.
For further information about MAS Gold Corp. please visit our
website and/or contact Investor Inquiries at
info@masgoldcorp.com.
Caution Regarding Forward-Looking
Information and Statements:
Information set forth in this news release contains
forward-looking statements that are based on assumptions as of the
date of this news release. These statements reflect management's
current estimates, beliefs, intentions, and expectations. They are
not guarantees of future performance. MAS Gold cautions that all
forward-looking statements are inherently uncertain, and that
actual performance may be affected by a number of material factors,
many of which are beyond their respective control. Such factors
include, among other things: risks and uncertainties relating to
MAS Gold's limited operating history, the need to comply with
environmental and governmental regulations, results of exploration
programs on their projects and those risks and uncertainties
identified in each of their annual and interim financial statements
and management discussion and analysis. Accordingly, actual and
future events, conditions and results may differ materially from
the estimates, beliefs, intentions and expectations expressed or
implied in the forward-looking information. Except as required
under applicable securities legislation, MAS Gold undertakes no
obligation to publicly update or revise forward-looking
information.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this news release.
SOURCE MAS Gold Corp