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Orbec Announces Updates to the Board of Directors

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Mines D'Or Orbec (TSXV: BLUE) announced key changes to its Board of Directors effective January 27, 2025. Paolo Cattelan, currently Vice President of Business Development at WEALTH, joins the board bringing 30 years of engineering and construction experience from roles at SNC-Lavalin, Bantrel/Bechtel, and AECOM.

The company also appointed Kettina Cordero, current VP of Investor Relations at Thesis Gold, following the resignation of Philippe Girard. Cordero brings over 15 years of investor relations expertise in the mining sector, having worked with Pan American Silver, Alexco Resource, Capstone Copper, and Aris Mining.

In connection with these appointments, Orbec granted 450,000 stock options to the directors, subject to TSX-V approval.

Mines D'Or Orbec (TSXV: BLUE) ha annunciato cambiamenti significativi al suo Consiglio di Amministrazione con effetto dal 27 gennaio 2025. Paolo Cattelan, attuale Vice Presidente dello Sviluppo Aziendale presso WEALTH, entra a far parte del consiglio portando con sé 30 anni di esperienza nell'ingegneria e costruzione, avendo ricoperto ruoli in SNC-Lavalin, Bantrel/Bechtel e AECOM.

La società ha anche nominato Kettina Cordero, attuale VP delle Relazioni con gli Investitori presso Thesis Gold, a seguito delle dimissioni di Philippe Girard. Cordero porta oltre 15 anni di esperienza nelle relazioni con gli investitori nel settore minerario, avendo lavorato con Pan American Silver, Alexco Resource, Capstone Copper e Aris Mining.

In relazione a queste nomine, Orbec ha concesso 450.000 opzioni su azioni ai membri del consiglio, soggette ad approvazione da parte di TSX-V.

Mines D'Or Orbec (TSXV: BLUE) anunció cambios clave en su Junta Directiva con efecto a partir del 27 de enero de 2025. Paolo Cattelan, actual Vicepresidente de Desarrollo Empresarial en WEALTH, se une a la junta aportando 30 años de experiencia en ingeniería y construcción en roles en SNC-Lavalin, Bantrel/Bechtel y AECOM.

La empresa también nombró a Kettina Cordero, actual VP de Relaciones con Inversores en Thesis Gold, tras la renuncia de Philippe Girard. Cordero aporta más de 15 años de experiencia en relaciones con inversores en el sector minero, habiendo trabajado con Pan American Silver, Alexco Resource, Capstone Copper y Aris Mining.

En relación con estos nombramientos, Orbec concedió 450.000 opciones sobre acciones a los directores, sujeto a la aprobación de TSX-V.

Mines D'Or Orbec (TSXV: BLUE)는 2025년 1월 27일부터 이사회에 중요한 변경 사항을 발표했습니다. Paolo Cattelan은 현재 WEALTH의 사업 개발 부회장으로서 SNC-Lavalin, Bantrel/Bechtel 및 AECOM에서의 경력을 바탕으로 30년의 엔지니어링 및 건설 경험을 이사회에 추가합니다.

회사는 또한 Philippe Girard의 사임에 따라 현재 Thesis Gold의 투자자 관계 부사장인 Kettina Cordero를 임명했습니다. Cordero는 Pan American Silver, Alexco Resource, Capstone Copper 및 Aris Mining에서 일한 경력을 바탕으로 광업 분야에서 15년 이상의 투자자 관계 경험을 보유하고 있습니다.

이런 임명과 관련하여 Orbec는 이사들에게 450,000주의 주식 옵션을 부여했으며, 이는 TSX-V의 승인을 받아야 합니다.

Mines D'Or Orbec (TSXV: BLUE) a annoncé des changements clés au sein de son Conseil d'Administration avec effet au 27 janvier 2025. Paolo Cattelan, actuellement Vice-Président du Développement Commercial chez WEALTH, rejoint le conseil, apportant 30 ans d'expérience en ingénierie et construction, issus de ses rôles chez SNC-Lavalin, Bantrel/Bechtel et AECOM.

L'entreprise a également nommé Kettina Cordero, actuelle VP des Relations Investisseurs chez Thesis Gold, suite à la démission de Philippe Girard. Cordero apporte plus de 15 ans d'expertise en relations investisseurs dans le secteur minier, ayant travaillé avec Pan American Silver, Alexco Resource, Capstone Copper et Aris Mining.

En lien avec ces nominations, Orbec a accordé 450 000 options d'achat d'actions aux administrateurs, sous réserve de l'approbation de la TSX-V.

Mines D'Or Orbec (TSXV: BLUE) hat wesentliche Änderungen in seinem Vorstand zum 27. Januar 2025 bekannt gegeben. Paolo Cattelan, derzeit Vizepräsident für Geschäftsentwicklung bei WEALTH, wird dem Vorstand beitreten und bringt 30 Jahre an Ingenieur- und Bau-Erfahrung aus verschiedenen Positionen bei SNC-Lavalin, Bantrel/Bechtel und AECOM mit.

Das Unternehmen ernannte zudem Kettina Cordero, die derzeitige VP für Investor Relations bei Thesis Gold, nach dem Rücktritt von Philippe Girard. Cordero bringt über 15 Jahre Erfahrung im Bereich Investor Relations im Bergbau mit, da sie zuvor bei Pan American Silver, Alexco Resource, Capstone Copper und Aris Mining tätig war.

In Zusammenhang mit diesen Ernennungen gewährte Orbec den Direktoren 450.000 Aktienoptionen, die der Genehmigung durch die TSX-V unterliegen.

Positive
  • Addition of Paolo Cattelan brings extensive engineering and construction expertise in mining sector
  • Kettina Cordero brings significant investor relations experience from major mining companies
  • Strategic board restructuring aims to strengthen company leadership
Negative
  • Dilutive effect of 450,000 new stock options granted to directors

Brossard, Québec--(Newsfile Corp. - January 28, 2025) - Mines D'Or Orbec Inc. (TSXV: BLUE) (the "Company") announces the appointment of Mr. Paolo Cattelan to the Board of Directors (the "Board") of the Company effective January 27, 2025. Mr. Cattelan is Vice President of Business Development and a Dealing Representative at WEALTH (WCPD Inc.), where he leads a dynamic team responsible for fostering strategic relationships with mining companies, brokers and investors. He specializes in facilitating private placements and connecting investors with issuers to carry out structured / charity flow-through financings in the Canadian mining sector. Mr. Cattelan has a Civil Engineering degree and an MBA in International Finance from McGill University.

Prior to joining WEALTH (WCPD Inc.), Mr. Cattelan enjoyed a distinguished 30-year career in engineering and construction, holding senior executive roles with industry leaders including SNC-Lavalin, Bantrel/Bechtel and AECOM. His extensive experience spans Mining, Oil & Gas, Power Generation and Infrastructure industries, where he played important roles in executing large-scale, high-impact projects.

The Company also announces the resignation of Mr. Philippe Girard as Director of the Company effective January 27, 2025. The Company thanks Mr. Girard for his years of service and commitment to the Company.

As a result of the vacancy left by Mr. Girard, the Board has appointed Ms. Kettina Cordero as Director of the Company effective January 27, 2025. Ms. Cordero is currently Vice President - Investor Relations at Thesis Gold Inc. She has over 15 years of expertise in investor relations and corporate communications within the mining industry. Her career spans the range from small-cap to large-cap organizations in the precious and base metals sectors. She has held key roles with industry leaders, including Pan American Silver Corp., Alexco Resource Corp., Capstone Copper Corp., and Aris Mining Corporation. Ms. Cordero holds a Diploma in Commerce and Production from Instituto Superior BBZ in Lima, Peru, and earned the Certified Professional Investor Relations designation from the Canadian Investor Relations Institute (CIRI) in 2012. Ms. Cordero is also Co-Chair of the Board of Directors of Women in Mining BC.

"We are excited to welcome both Mr. Paolo Cattelan and Ms. Kettina Cordero to the Board," said Dorian L. (Dusty) Nicol, the Company's CEO. "Their experience will be invaluable as Orbec continues implementing its strategy to become a leading Québec gold company."

In connection with the appointments, the Company has granted an aggregate of 450,000 stock options to the directors in accordance with the Company's New Stock Option Plan, subject to TSX-V approval.

About Orbec

Orbec is a gold company that owns 100% of a large and highly prospective mineral claim position near Chibougamau, Québec. The Muus Project covers approximately 25,250 hectares in the northeastern part of the Abitibi Greenstone Belt. Muus is prospective for gold mineralisation and is adjacent to and on strike with IAMGOLD's +5-million-ounce Nelligan Gold Project. Orbec has announced that exploration of the Muus Gold Project will advance in technical collaboration with IAMGOLD, which owns approximately 8.3% of the Company. Field work completed during 2022 established that the northern portion of the Muus Gold Project is also prospective for copper-gold volcanogenic massive sulphide mineralisation, as well as confirming that it is prospective for high-grade gold mineralisation similar to IAMGOLD's nearby Monster Lake gold deposit.

ON BEHALF OF THE BOARD

Dorian L. (Dusty) Nicol, CEO & Director

For more information, please visit our website www.orbec.ca or contact Mr. Dorian L. (Dusty) Nicol, info@orbec.ca.

Neither the TSX Venture Exchange nor its 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.

Cautionary Note Regarding Forward-Looking Statements

This news release contains "forward-looking information" within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates, projections, and interpretations as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, interpretations, beliefs, plans, projections, objectives, assumptions, future events or performance including in respect of the size and use of proceeds of the Offering, the timing and ability of the to close the Offering, including obtaining approval of the Offering from the TSX Venture Exchange, if at all (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information. This forward-looking information is based on reasonable assumptions and estimates of management of the Company, at the time it was made, involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Although the forward-looking information contained in this news release is based upon what management believes, or believed at the time, to be reasonable assumptions, the parties cannot assure shareholders and prospective purchasers of securities that actual results will be consistent with such forward-looking information, as there may be other factors that cause results not to be as anticipated, estimated or intended, and neither the Company nor any other person assumes responsibility for the accuracy and completeness of any such forward-looking information. The Company does not undertake, and assumes no obligation, to update or revise any such forward-looking statements or forward-looking information contained herein to reflect new events or circumstances, except as may be required by law. ###

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/238677

FAQ

Who are the new board members appointed to Mines D'Or Orbec (TSXV: BLUE) in January 2025?

Paolo Cattelan and Kettina Cordero were appointed to the Board of Directors of Mines D'Or Orbec effective January 27, 2025.

How many stock options did Mines D'Or Orbec (TSXV: BLUE) grant to its new directors?

The company granted an aggregate of 450,000 stock options to the directors, subject to TSX-V approval.

What is Paolo Cattelan's background and experience before joining Mines D'Or Orbec's board?

Paolo Cattelan has 30 years of engineering and construction experience, holding senior executive roles at SNC-Lavalin, Bantrel/Bechtel, and AECOM, and is currently VP of Business Development at WEALTH.

What is Kettina Cordero's professional experience in the mining industry?

Kettina Cordero has over 15 years of investor relations experience in the mining industry, working with companies like Pan American Silver, Alexco Resource, Capstone Copper, and Aris Mining.

Which board member resigned from Mines D'Or Orbec (TSXV: BLUE) in January 2025?

Philippe Girard resigned as Director of the company effective January 27, 2025.

ORBEC GOLD MINES INC

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