Gatling Appoints Seasoned Strategy and Development Expert as CEO

Rhea-AI Summary

Gatling Exploration Inc. (TSXV:GTR)(OTCQB:GATGF) announced the appointment of Jason Billan as President and CEO, transitioning from Nav Dhaliwal, who becomes Executive Chairman. Billan has a strong background in the mining industry, with previous roles at Salman Partners, RBC Capital Markets, and Nevsun Resources, where he played a key role in significant acquisitions. His appointment aims to advance the Larder project and enhance shareholder relationships, leveraging his extensive network in the mining and capital markets.

Positive

• Appointment of Jason Billan as CEO expected to bring fresh perspectives and strengthen leadership.
• Billan's extensive experience in corporate development and capital markets can drive Gatling's growth.
• Focus on advancing the Larder Lake project, which has recently seen drilling successes.

Negative

• Transitioning leadership may raise concerns about continuity in strategic direction.
• Peter Damouni's resignation as Chairman might lead to uncertainty regarding board dynamics.

VANCOUVER, BC / ACCESSWIRE / November 2, 2020 / GATLING EXPLORATION INC. (TSXV:GTR)(OTCQB:GATGF) (the "Company" or "Gatling") is pleased to announce that Jason Billan has been appointed President and Chief Executive Officer ("CEO") of the Company. Mr. Billan will retain his role as director of the Company. Outgoing CEO, Nav Dhaliwal has been appointed Executive Chairman of Gatling.

Mr. Billan is a seasoned strategy, corporate development and valuation professional with an accelerating career in the mining industry. He spent three years as a key member of the equity research team at Salman Partners and RBC Capital Markets, with a coverage universe ranging from small cap exploration companies to large cap, multi-asset producers. In 2012, Mr. Billan joined Nevsun Resources as the sole Corporate Development professional. Nevsun acquired the world-class Timok copper-gold project in Serbia for over US$500M and was subsequently acquired by Zijin Mining for C$1.9B in 2018 after a comprehensive sales process and following the hostile bid by Lundin Mining earlier that year. Most recently, Mr. Billan has worked with Wheaton Precious Metals leveraging his expertise to assist the company's Streaming Operations & Metal Sales. Mr. Billan also brings a strong network of corporate and institutional connections in the mining industry as well as in capital markets, to support Gatling's objectives.

Nav Dhaliwal, outgoing CEO for Gatling, stated, "We are thrilled to welcome Mr. Billan as the new CEO of Gatling. His experience in corporate development and the capital markets is extensive, and he is well respected throughout the industry. His leadership will be a great asset to Gatling - helping to advance the Larder project through its next major phase of growth and unlocking value in the Company."

Jason Billan, incoming CEO for Gatling, commented, "I am eager to transition to the CEO role at Gatling and to help the team build upon the recent and considerable drilling successes at the Larder Lake project. Gatling has a strong technical team currently operating in Ontario and, moving forward, we aim to continue unlocking value, while further de-risking this remarkable gold project. We also plan to enhance existing shareholder relationships and bring in new shareholders who see Gatling's inherent and intriguing value gap."

Peter Damouni has resigned as Chairman of the Board and will continue to act as a director.

ON BEHALF OF THE BOARD OF DIRECTORS,
Jason Billan, President and CEO

Gatling Exploration Inc.

For further information on Gatling, contact Investor Relations

Telephone: 1-888-316-1050
Email: ir@gatlingexploration.com

Neither 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.

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: Gatling Exploration Inc.

View source version on accesswire.com:
https://www.accesswire.com/613735/Gatling-Appoints-Seasoned-Strategy-and-Development-Expert-as-CEO

FAQ

Who is the new CEO of Gatling Exploration?

Jason Billan has been appointed as the new CEO of Gatling Exploration.

What role did Nav Dhaliwal take after stepping down as CEO?

Nav Dhaliwal has been appointed as Executive Chairman of Gatling Exploration.

What are Jason Billan's qualifications?

Jason Billan has extensive experience in corporate development and capital markets, previously working at Nevsun Resources and Wheaton Precious Metals.

What is the focus of Gatling Exploration under Jason Billan's leadership?

The focus will be on advancing the Larder project and enhancing shareholder relationships.

What did Gatling Exploration's former CEO say about the new appointment?

Nav Dhaliwal stated that Billan's leadership will be a great asset to advancing the company’s objectives.