May 17, 2017 – Vancouver, BC – Group Ten Metals Inc. (TSX.V: PGE; OTC: DCGCF) (the “Company” or “Group Ten”) is pleased to announce the appointment of Mr. Tim Thiessen as Chief Financial Officer, and of Mr. Brian Cloney and Mr. Douglas Warkentin to the Company’s newly-formed Advisory Board.
Mr. Tim Thiessen is a Chartered Accountant with 20 years of international accounting and finance experience, the last 13 of which have been spent in the mining industry. Currently CFO at Metallic Minerals Corp. (TSX.V: MMG) and Foran Mining Corporation (TSX.V: FOM), he previously held this position with SnipGold Corp. (acquired by Seabridge Gold Inc. in June 2016) and Aurcana Corporation. Mr. Thiessen spent 7 years as Vice President of Finance for TSX-listed Endeavour Financial Ltd., an advisory firm in the mining industry specializing in mergers and acquisitions, debt and equity financing and was part of a team that spawned industry-leading companies such as Silver Wheaton Corp., UrAsia Energy Ltd., Peak Gold Ltd. and Coastal Energy Corp. Mr. Thiessen is a member of the Chartered Professional Accountants of Canada and has also held the positions of Controller with Endeavour Mining Capital Corp. and Auditor for Deloitte LLP, with a focus in the mining and financial services industries.
Group Ten is also pleased to announce the formation of an Advisory Board, initially consisting of Mr. Brian Cloney and Mr. Douglas Warkentin, to assist in guiding the Company’s technical and financial progress. Further additions are anticipated in the coming months.
Douglas Warkentin, BSc., P.Eng., is a Metallurgical and Process Development Consultant with over 30 years of experience in the mining and mineral processing industries. Currently Senior Metallurgist at Kemetco Research Inc. in Richmond, British Columbia, Mr. Warkentin has conducted mineral processing, hydrometallurgy, minewater treatment and resource recovery on a broad array of base, precious and high-tech metals projects for international clients. He was a co-founder of Group Ten Metals and served on the Company’s Board of Directors from October 2007 to July 2014. He is the author of numerous technical papers and holds a series of patents for mine water treatment and process technologies. Mr. Warkentin graduated from UBC with a degree in Mining and Mineral Process Engineering, and has been a member of the Association of Professional Engineers and Geoscientists of BC since 1992.
Brian Cloney is a Chartered Professional Accountant (CPA) with over 35 years of public accounting experience and is currently the principal of BMC Institutional Supplies & Services Inc., a private Ontario corporation providing management, compliance and financial consulting services in the Greater Toronto Area. Prior to this, he was a Chartered Accountant at the accounting firm, Brian Cloney CPA & Associates, a position he held since 1985. Mr. Cloney has extensive experience in the mining industry, holding the Chief Financial Officer position with a number of publicly-traded exploration and development-stage mineral resource companies. Mr. Cloney was a Director of Group Ten from March 2014 to June 2016 and is currently Chairman and Chief Executive Officer of NWT Copper Mines Ltd.
Group Ten Metals President and CEO, Michael Rowley stated, “We are very happy to be strengthening our team with such comprehensive financial, technical and corporate governance expertise. The addition of Tim Thiessen as CFO adds a key pillar to the Company’s foundation. Tim has an extensive background with exploration and development-stage mining companies and brings tremendous expertise in M&A and corporate finance; transactions that are highly-relevant to Group Ten as we execute our business development plans. Messrs. Cloney and Warkentin bring a wealth of knowledge and connections in their respective areas of expertise to the Advisory Board. I would like to thank Mr. Tim Johnson for his hard work and support as Interim CFO over the past eight months through our transition period. We expect to make additional announcements with respect to the team and projects over the coming weeks and months, including potential acquisition opportunities which are currently being evaluated.”
About Group Ten Metals Inc.
Group Ten Metals Inc. is a Canadian mineral exploration company focused on the acquisition and development of high- quality mineral exploration assets in North America. The Company’s core holdings include a large land position adjacent to, and along trend with, Wellgreen Platinum’s Ni-Cu-PGM project in the southwest Yukon Territory and the Black Lake-Drayton gold project in the Rainy River district of northwest Ontario.
On Behalf of the Board of Directors
GROUP TEN METALS INC.
President & Director
Tel: (604) 357 4790
TF: (888) 432 0075
Statements which are not purely historical are forward-looking statements, including any statements regarding beliefs, plans, expectations or intentions regarding the future. It is important to note that actual outcomes and the Company’s actual results could differ materially from those in such forward-looking statements. Risks and uncertainties include, but are not limited to, economic, competitive, governmental, environmental and technological factors that may affect the Company’s operations, markets, products and prices. Readers should refer to the risk disclosures outlined in the Company’s Management Discussion and Analysis of its audited financial statements filed with the British Columbia Securities Commission.
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