VANCOUVER, BC, Dec. 20,
2022 /CNW/ - MANTARO PRECIOUS METALS CORP.
(TSXV: MNTR) (OTCQB: MSLVF) (FSE: 9TZ) ("Mantaro" or the
"Company") is pleased to announce the appointment
of Stephen Clayson to the position of Chief Executive
Officer and director of the Company, effective immediately. In
addition, Dr. Chris Wilson will be
stepping down as Executive Chairman and as a director of the
Company. Mantaro would like to thank Dr. Wilson for his services as
a director, which included assembling the Company's current
portfolio of high-grade gold and silver assets in Bolivia and Peru.
Mr. Clayson has more than 15 years of diverse international
experience as an executive and consultant and is highly familiar
with equity markets and the management of public companies. He has
an in-depth understanding of mineral exploration and development
activities, having been involved with numerous such projects,
including in Latin America, in a
board or management capacity.
Mr. Clayson holds qualifications in corporate finance,
insurance, investment management and securities. His previous work
has included several years as CEO of a London AIM-quoted mineral
exploration company, and extensive consultancy work for two London
AIM-quoted companies which brought gold mines into production.
Stephen Clayson, Chief
Executive Officer of Mantaro states, "I am excited to be joining
Mantaro as we approach what looks to be a cyclical turning point
for markets in junior gold and silver shares, and I am ready to
lead the Company into a pivotal phase in its evolution, as we aim
to build on the promising results of the 2022 drilling campaign at
the Golden Hill gold property in Bolivia, and prepare to drill high-grade
targets at the Santas Glorias silver property in Peru. I look forward to engaging with Mantaro
investors both old and new, and to working with the board to
optimize the Company's strategy across all business areas going
forward."
In connection with Mr. Clayson's appointment as Chief Executive
Officer and director, Mantaro has granted Mr. Clayson options to
purchase 750,000 shares at $0.05 per
share for a period of five years from the date of grant, subject to
certain vesting provisions set by the board of directors.
About Mantaro Precious Metals
Corp.
Mantaro Precious Metals Corp. is a British Columbia company that holds a
diversified portfolio of gold and silver focused mineral properties
in Bolivia and Peru. The Company holds an option to acquire
up to an 80% interest in the advanced Golden Hill orogenic gold
property ("Golden Hill"), located in the underexplored
Precambrian Shield, Bolivia.
The Company also has a 100% interest in the high-grade Santas
Gloria silver property as well as a 100% interest in each of the La
Purisima, Cerro Luque and Huaranay
properties (collectively, the "Silver Properties"). The
Silver Properties are located in Peru.
Forward-Looking 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. The Company 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 the Company's control. Such factors include,
among other things: risks and uncertainties relating to Company's
limited operating history and the need to comply with environmental
and governmental regulations. 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, the Company undertakes no
obligation to publicly update or revise forward-looking
information.
The forward-looking statements contained in this news release
are made as of the date of this news release. Except as required by
law, the Company disclaims any intention and assumes no obligation
to update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise.
Neither the TSX Venture Exchange nor its Regulation Service
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
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SOURCE Mantaro Precious Metals Corp.
