Huntsman Appoints New President and CEO

Rhea-AI Summary

Huntsman Exploration Inc. (TSXV:HMAN)(OTC PINK:BBBMF) announced the appointment of Scott Patrizi as President and Chief Executive Officer. Mr. Patrizi brings extensive experience in equity capital markets and project acquisition, having previously led successful IPOs and significant acquisitions in the mining sector. He replaces Peter Dickie, who has resigned from his positions. Huntsman focuses on mineral exploration, particularly the Canegrass Nickel Sulphide project in Australia and gold projects in Nevada and Idaho.

Positive

• Scott Patrizi's appointment could bring fresh perspectives and leadership experience.
• Patrizi has a successful track record in project acquisitions and IPOs, which may benefit Huntsman's growth.

Negative

• The resignation of Peter Dickie may raise concerns regarding continuity in leadership during a transitional period.

VANCOUVER, BC / ACCESSWIRE / May 3, 2021 / Huntsman Exploration Inc. (TSXV:HMAN)(OTC PINK:BBBMF) (the "Company" or "Huntsman") is pleased to announce that Scott Patrizi has been appointed President and Chief Executive Officer and a director of the Company.

Mr. Patrizi is a corporate director with strong equity capital markets and project acquisition experience. Mr. Patrizi holds a Bachelor of Commerce from the University of Western Australia. Most recently, he was the Executive Director of Western Australian gold explorer Caprice Resources Limited. As Executive Director of Caprice he was responsible for the successful initial public offering (IPO) of the Company in 2018 and was instrumental in overseeing the acquisition of the high-grade Island Gold Project in October 2020.

Mr. Patrizi was formerly the Executive Director at Matador Mining Limited (MZZ) and a Non-Executive Director of Rarex Limited (REE) and Elixir Petroleum (EXR) where during his tenure each completed major transformational acquisitions. Mr. Patrizi has worked across a wide range of industries including mining, oil and gas, healthcare, and education, providing merger and acquisition, valuation and due diligence services. Mr. Patrizi previous employment history includes working for Argonaut Limited, a full-service advisory, stockbroking and research and investment house focused on clients in the natural resources sector, as well as for big 4 accounting firm Deloitte.

Peter Dickie has resigned as President, Chief Executive Officer and director of the Company. The Company thanks Mr. Dickie for his service and wishes him well in his future endeavours.

About Huntsman Exploration Inc.

Huntsman is a mineral exploration company focused on the exploration and development of the Canegrass Nickel Sulphide project in Western Australia under the Company's Huntsman nickel division and the exploration and development of the Company's gold projects under the Huntsman gold division, specifically the Baxter Spring historical gold discovery in Nevada, and the Flint property in Idaho.

On Behalf of the Board of Huntsman Exploration Inc.

Scott Patrizi
President and Chief Executive Officer

For more information, please contact 1-855-584-0160 or info@huntsmanx.com.

Neither TSX Venture Exchange, the Toronto Stock Exchange nor their 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 release.

Forward Looking Statements: Statements contained in this news release that are not historical facts are forward-looking statements, which are subject to a number of known and unknown risks, uncertainness and other factors that may cause the actual results to differ materially from those anticipated in our forward-looking statements. Although we believe that the expectations in our forward-looking statements are reasonable, actual results may vary, and we cannot guarantee future results, levels of activity, performance or achievements.

SOURCE: Huntsman Exploration Inc.

View source version on accesswire.com:
https://www.accesswire.com/644178/Huntsman-Appoints-New-President-and-CEO

FAQ

Who is the new CEO of Huntsman Exploration Inc. as of May 2021?

Scott Patrizi has been appointed as the new President and CEO of Huntsman Exploration Inc.

What experience does Scott Patrizi bring to Huntsman Exploration Inc.?

Scott Patrizi brings extensive experience in equity capital markets and has successfully overseen IPOs and major acquisitions in the mining sector.

Who did Scott Patrizi replace as CEO of Huntsman Exploration Inc.?

Scott Patrizi replaced Peter Dickie, who resigned from his roles as President, CEO, and director.

What are Huntsman Exploration Inc.'s main projects?

Huntsman Exploration Inc. focuses on the Canegrass Nickel Sulphide project in Australia and gold projects in Nevada and Idaho.

When was the leadership change at Huntsman Exploration Inc. announced?

The leadership change was announced on May 3, 2021.