GARIBALDI APPOINTS NEW DIRECTOR

Rhea-AI Summary

Garibaldi Resources has appointed Michael Robert Myhill to its Board of Directors. Currently a Director and V.P. Finance at Eskay Mining Corp, Myhill brings significant experience, including 20 years as the President and CEO of Canadian Investors Corp. He aims to enhance shareholder value by leveraging Eskay Mining's investment and expertise in the region. The collaboration between Garibaldi and Eskay Mining has previously yielded cost savings and improved productivity. This appointment is expected to strengthen ties and operational synergies within the Eskay District.

Positive

• Appointment of Michael Myhill, expected to enhance shareholder value.
• Myhill's extensive experience in finance and leadership could improve strategic decisions.
• Collaboration with Eskay Mining has historically provided cost savings and operational efficiencies.

Negative

• Potential challenges in aligning strategies between Garibaldi and Eskay Mining.
• Dependency on external investment from Eskay Mining could affect autonomy.

TSXV: GGI
OTC: GGIFF
Frankfurt: RQM

VANCOUVER, BC, Jan. 5, 2022 /PRNewswire/ - Garibaldi Resources (TSXV: GGI) (the "Company" or "Garibaldi") is pleased to announce the appointment of Michael Robert (Rob) Myhill to Garibaldi's Board of Directors. Mr. Myhill is currently a Director and V.P. Finance of Eskay Mining Corp. ("Eskay Mining"). Eskay Mining's neighboring claims border Garibaldi's highly prospective Eskay Claim Group in Northwest British Columbia. Eskay Mining acquired a 19.5% investment interest in Garibaldi on February 5, 2021 (see Eskay news release March 8, 2021) after developing an important new structural interpretation of the Eskay regional model, followed by precious metal VMS discoveries at their TV and Jeff VMS targets.

Mr. Myhill holds an HBA and an MBA from the Ivey School of Business Administration at the University of Western Ontario and earned a CA designation while with Price Waterhouse in Toronto. For 20 years, Mr. Myhill was the President and CEO of Canadian Investors Corp. (C.I.C.). Prior to C.I.C he was the President of a national company within the Jim Pattison Industries Group.

Steve Regoci, Garibaldi President and CEO, commented "Garibaldi Resources Corp. and Eskay Mining Corp. successfully co-operated on logistics for Eskay's SkyTEM survey in 2021.  Savings from collaborative cost sharing initiatives are an advantage to both exploration programs and expanding mutually beneficial efforts will impact productivity with more efficient results. Garibaldi welcomes Robert Myhill onboard and looks forward to working with him on improving overall synergy within the prolific Eskay District."

Mr. Myhill commented, "I appreciate the opportunity to represent Eskay Mining's investment in Garibaldi.  I am confident we can make an important contribution to Garibaldi, leading to greater shareholder value."

About Garibaldi

Garibaldi Resources Corp. is an active Canadian-based junior exploration company focused on creating shareholder value through discoveries and strategic development of its assets in some of the most prolific mining regions in British Columbia and Mexico.

We seek safe harbor.

GARIBALDI RESOURCES CORP.

Per: "Steve Regoci"
Steve Regoci, President

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or the accuracy of this release                                                                                    

View original content:https://www.prnewswire.com/news-releases/garibaldi-appoints-new-director-301454356.html

SOURCE Garibaldi Resources Corp.

FAQ

What is the significance of Michael Myhill's appointment to Garibaldi Resources on January 5, 2022?

Michael Myhill's appointment to the Board of Garibaldi Resources is significant as he brings extensive experience in finance and leadership, aiming to enhance shareholder value through his connections with Eskay Mining.

How does Garibaldi's collaboration with Eskay Mining impact its operations?

The collaboration has historically resulted in cost savings and improved productivity, which are expected to continue benefiting Garibaldi's exploration programs.

What background does Michael Myhill have before joining Garibaldi Resources?

Before joining Garibaldi, Michael Myhill served as Director and V.P. Finance at Eskay Mining and was previously President and CEO of Canadian Investors Corp.

When did Eskay Mining acquire a 19.5% interest in Garibaldi Resources?

Eskay Mining acquired a 19.5% interest in Garibaldi Resources on February 5, 2021.