GREAT REPUBLIC Mining Corp Appoints New President / CEO; Defers Porcher Island Property Option
GRM:CSE www.greatrepublic.ca
GREAT REPUBLIC MINING CORP. MANAGEMENT CHANGES NEW PRESIDENT/CEO APPOINTED DEFERS PORCHER ISLAND PROPERTY OPTION
Vancouver August 23rd, 2024. Great Republic Mining Corporation (“Great Republic or the Company”) GRM.CSE is announces the resignation of President and CEO Fred Davidson to focus on other endeavor and priorities. The Company announces the appointment of new President and CEO Mr. Bill Fisher who is a founding Director. Mr. Davidson will stay on as Director of the Company to assist with any transitional needs.
New CEO of Great Republic Mining, Bill Fisher, comments “I want to thank Fred for his time and dedication in founding the Company and taking us to this juncture. My strategic aim is to lead Great Republic to a high potential and accretive transaction to generate shareholder value.”
Mr. Fisher graduated as a geologist in 1979 and has extensive industry experience which has included several residential posts in Africa, Australia, Europe and Canada in both exploration and mining positions. Under his leadership, Karmin Exploration discovered the Aripuanã base metal sulphide deposits in Brazil. From 1997 to 2001 Mr Fisher was Vice President, Exploration for Boliden AB, a major European mining and smelting company where he was responsible for thirty five projects in nine countries. From 2001 to 2008, Bill led GlobeStar Mining Corp. from an exploration company to an emerging base metal producer in the Dominican Republic which developed and operated the Cerro de Maimon mine until it was sold to Perilya for USD $186 million. Mr Fisher was also Chairman of Aurelian Resources which was acquired by Kinross in 2008 for USD 1.2 Billion after the discovery of the Fruta del Norte gold deposit in Ecuador. Most recently, Mr Fisher currently serves as Executive Chairman of Goldquest Mining Corp. (TSX: GCQ), past director of Horizonte Minerals (TSX:HZM), independent director of Treasury Metals Inc. (TSX: TML) and Chairman of Rame Energy (AIM: RAME).
Porcher Island Property Work Commitment Deferral
Under original property agreement, Great Republic was to spend $250,000 on the Porcher Island property by 24 months of listing date which was June 9, 2024. The Company has agreed with property vendors to defer this expenditure until December 9, 2025 and adding 12 months to each of future work commitments for an additional 300,000 shares issued to vendors.
All share issuance commitment dates from original contract remain the same and all cash payment has been made as of July 10, 2024.
About Great Republic Mining Corp.
Great Republic is a Canadian exploration company engaged in the business of acquiring and exploring mineral resource properties – founded by a team with extensive geological, mining, and capital markets experience. Great Republic has an option to acquire a 100% interest in the Porcher Property, which is composed of nine contiguous mineral titles covering an area of 3,560.4 hectares in the northwest part of British Columbia, Canada, approximately 40 kilometers southwest of the city of Prince Rupert on Porcher Island.
On Behalf of the Board of Directors
Jerry Huang Chief Financial Officer and Director
For further information, please contact:
Jerry Huang Chief Financial Officer and Director Tel: 778-887-6489 Email: [email protected]
Disclaimer for Forward-Looking Information
Certain statements in this news release are forward-looking statements, which reflect the expectations of management regarding Great Republic’s exploration plans. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits Great Republic will obtain from them. These forward-looking statements reflect management’s current views and are based on certain expectations, estimates and assumptions which may prove to be incorrect. A number of risks and uncertainties could cause actual results to differ materially from those expressed or implied by the forward-looking statements. These forward-looking statements are made as of the date of this news release and the Company assumes no obligation to update these forward-looking statements, or to update the reasons why actual results differed from those projected in the forward-looking statements, except in accordance with applicable securities laws.