Blackrock Silver Announces the Appointment of Tom Peregoodoff to the Board of Directors

Rhea-AI Summary

Blackrock Silver (TSXV: BRC) (OTCQX: BKRRF) has appointed Tom Peregoodoff to its Board of Directors effective December 3, 2024. Peregoodoff brings over 30 years of resource industry experience, specializing in exploration and resource development. He currently serves as an independent director at MAG Silver Corp. and American West Metals His previous roles include CEO of Apollo Silver Corp. and Peregrine Diamonds , where he led the company's sale to DeBeers Canada in 2018. He also spent 18 years at BHP, ultimately serving as Vice President of Early Stage Exploration. The company granted Peregoodoff 85,000 deferred share units at $0.40 per unit, vesting after one year.

Positive

• Appointment of experienced board member with 30+ years in resource industry
• Strategic addition to support transition from exploration to development phase
• New director brings significant M&A experience, including multi-billion dollar transactions
• Strong background in silver industry and resource development

Negative

• None.

News Market Reaction

+5.00%

1 alert

+5.00% News Effect

On the day this news was published, BKRRF gained 5.00%, reflecting a notable positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Vancouver, British Columbia--(Newsfile Corp. - December 3, 2024) - Blackrock Silver Corp. (TSXV: BRC) (OTCQX: BKRRF) (FSE: AHZ0) ("Blackrock" or the "Company") is pleased to announce the appointment of Tom Peregoodoff to the Board of Directors of the Company (the "Board of Directors") effective December 3, 2024.

Mr. Peregoodoff has over 30 years of resource industry experience, focused on greenfield and brownfield exploration and resource development. Mr. Peregoodoff is currently an independent director of MAG Silver Corp. and American West Metals Limited, and formerly served as an independent director of Pretium Resources Inc. He served as the President, Chief Executive Officer and a director of Apollo Silver Corp. ("Apollo") from May 2021 to June 2024. Prior to his role at Apollo, Mr. Peregoodoff was President and Chief Executive Officer of Peregrine Diamonds Ltd., where he led the company from the resource development phase and initial engineering through to the eventual sale to DeBeers Canada in 2018. Prior to that, Mr. Peregoodoff spent 18 years in several positions with the mining multinational BHP, culminating in his role as Vice President of Early Stage Exploration, with global responsibility for all early stage exploration across their commodity groups. Mr. Peregoodoff holds a BSc. in Geophysics from the University of Calgary.

Andrew Pollard, the Company's President and Chief Executive Officer stated: "We are delighted to have Tom join our board as an independent director as we seek to aggressively turn the corner from discovery to development and beyond. Tom brings with him an impressive track record having helmed and guided other high-profile early-stage resource companies transition from exploration, through development and into commercial production. Tom's extensive M&A experience, culminating in a multi-billion-dollar takeout transaction and his deep knowledge of the silver industry, will be invaluable to us as we embark on our next phase of growth."

Deferred Share Unit Grant

In connection with his appointment to the Board of Directors, the Company has granted Mr. Peregoodoff 85,000 deferred share units ("DSUs") at a deemed price of $0.40 per DSU pursuant to its Omnibus Equity Incentive Compensation Plan (the "Omnibus Plan"). The DSUs shall vest in full after one year from the date of grant and can only be redeemed for Common Shares if the holder ceases to be a director of the Company or in accordance with the provision of the Omnibus Plan. The DSUs are subject to the policies of the TSX Venture Exchange and the terms and conditions of the Omnibus Plan.

About Blackrock Silver Corp.

Backed by gold and silver ounces in the ground, Blackrock is a junior precious metal focused exploration and development company driven to add shareholder value. Anchored by a seasoned Board of Directors, the Company is focused on its 100% controlled Nevada portfolio of properties consisting of low-sulphidation, epithermal gold and silver mineralization located along the established Northern Nevada Rift in north-central Nevada and the Walker Lane trend in western Nevada.

Additional information on Blackrock Silver Corp. can be found on its website at www.blackrocksilver.com and by reviewing its profile on SEDAR+ at www.sedarplus.ca.

For further information, please contact:

Andrew Pollard, President & CEO
Blackrock Silver Corp.
Phone: 604 817-6044
Email: andrew@blackrocksilver.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/232256

FAQ

When did Tom Peregoodoff join Blackrock Silver (BKRRF) board?

Tom Peregoodoff joined Blackrock Silver's Board of Directors effective December 3, 2024.

How many deferred share units did Blackrock Silver (BKRRF) grant to Tom Peregoodoff?

Blackrock Silver granted Tom Peregoodoff 85,000 deferred share units at a deemed price of $0.40 per DSU.

What is Tom Peregoodoff's previous experience before joining Blackrock Silver (BKRRF)?

Peregoodoff was CEO of Apollo Silver Corp., President and CEO of Peregrine Diamonds , and spent 18 years at BHP, ultimately as Vice President of Early Stage Exploration.