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GGL Resources Corp. Announces Board and Management Changes

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GGL Resources Corp (TSXV:GGL) has announced significant leadership changes, with John Gilbert appointed as permanent CEO and Director, replacing interim CEO Matthew Turner, who will remain as a Director. Gilbert brings extensive geological expertise with a Master's in structural geology from the University of Vermont and experience leading exploration programs.

Gilbert's background includes roles as a geological and geophysical technician, working on projects across Alaska, Yukon, Nevada, California, and New York. He previously served as VP of Exploration and Corporate Development at Silver Range Resources and managed a private exploration company focused on gold projects in New Brunswick.

The company has granted Gilbert 500,000 incentive stock options at $0.06 per share, exercisable over five years, with a 25% quarterly vesting schedule during the first year.

GGL Resources Corp (TSXV:GGL) ha annunciato significativi cambiamenti nella leadership, con John Gilbert nominato CEO permanente e Direttore, sostituendo il CEO ad interim Matthew Turner, che rimarrà come Direttore. Gilbert porta con sé una vasta esperienza geologica con un Master in geologia strutturale presso l'Università del Vermont e un'esperienza nella conduzione di programmi di esplorazione.

Il background di Gilbert include ruoli come tecnico geologico e geofisico, lavorando a progetti in Alaska, Yukon, Nevada, California e New York. In precedenza, ha ricoperto il ruolo di VP di Esplorazione e Sviluppo Aziendale presso Silver Range Resources e ha gestito una società di esplorazione privata focalizzata su progetti d'oro nel New Brunswick.

La società ha concesso a Gilbert 500.000 opzioni su azioni incentivanti a $0.06 per azione, esercitabili in cinque anni, con un programma di maturazione trimestrale del 25% durante il primo anno.

GGL Resources Corp (TSXV:GGL) ha anunciado cambios significativos en el liderazgo, con John Gilbert nombrado como CEO permanente y Director, reemplazando al CEO interino Matthew Turner, quien permanecerá como Director. Gilbert aporta una amplia experiencia geológica con una Maestría en geología estructural de la Universidad de Vermont y experiencia en la dirección de programas de exploración.

El historial de Gilbert incluye roles como técnico geológico y geofísico, trabajando en proyectos en Alaska, Yukon, Nevada, California y Nueva York. Anteriormente, se desempeñó como VP de Exploración y Desarrollo Corporativo en Silver Range Resources y gestionó una empresa de exploración privada centrada en proyectos de oro en New Brunswick.

La empresa ha otorgado a Gilbert 500.000 opciones sobre acciones incentivadas a $0.06 por acción, ejercitables durante cinco años, con un calendario de adquisición trimestral del 25% durante el primer año.

GGL Resources Corp (TSXV:GGL)는 중요한 리더십 변화를 발표했으며, John Gilbert가 임시 CEO인 Matthew Turner를 대신하여 영구 CEO 겸 이사로 임명되었습니다. Turner는 이사로 남아 있습니다. Gilbert는 버몬트 대학교에서 구조 지질학 석사 학위를 보유하고 있으며 탐사 프로그램을 이끈 경험이 풍부합니다.

Gilbert의 경력에는 알래스카, 유콘, 네바다, 캘리포니아 및 뉴욕의 프로젝트에서 일한 지질 및 지구 물리학 기술자로서의 역할이 포함됩니다. 그는 Silver Range Resources에서 탐사 및 기업 개발 부사장으로 재직했으며, 뉴브런즈윅의 금 프로젝트에 집중하는 사설 탐사 회사를 관리했습니다.

회사는 Gilbert에게 500,000개의 인센티브 주식 옵션을 주당 $0.06에 부여했으며, 5년 동안 행사할 수 있으며, 첫 해 동안 분기별로 25%의 권리가 발생합니다.

GGL Resources Corp (TSXV:GGL) a annoncé des changements significatifs dans sa direction, avec John Gilbert nommé CEO permanent et Directeur, remplaçant le CEO par intérim Matthew Turner, qui restera Directeur. Gilbert apporte une vaste expertise géologique avec un Master en géologie structurale de l'Université du Vermont et une expérience dans la conduite de programmes d'exploration.

Le parcours de Gilbert comprend des rôles en tant que technicien géologique et géophysique, travaillant sur des projets en Alaska, au Yukon, au Nevada, en Californie et à New York. Il a précédemment été VP de l'Exploration et du Développement Corporatif chez Silver Range Resources et a géré une entreprise d'exploration privée axée sur des projets d'or au Nouveau-Brunswick.

L'entreprise a accordé à Gilbert 500.000 options d'actions incitatives à 0,06 $ par action, exerçables sur cinq ans, avec un calendrier d'acquisition trimestriel de 25 % au cours de la première année.

GGL Resources Corp (TSXV:GGL) hat bedeutende Änderungen in der Führung angekündigt, wobei John Gilbert als permanenter CEO und Direktor ernannt wurde, um den interimistischen CEO Matthew Turner zu ersetzen, der als Direktor bleiben wird. Gilbert bringt umfangreiche geologische Expertise mit einem Master in Strukturgeologie von der University of Vermont und Erfahrung in der Leitung von Explorationsprogrammen mit.

Gilberts Hintergrund umfasst Tätigkeiten als geologischer und geophysikalischer Techniker, der an Projekten in Alaska, Yukon, Nevada, Kalifornien und New York gearbeitet hat. Zuvor war er VP für Exploration und Unternehmensentwicklung bei Silver Range Resources und leitete ein privates Explorationsunternehmen, das sich auf Goldprojekte in New Brunswick konzentrierte.

Das Unternehmen hat Gilbert 500.000 Anreizaktienoptionen zu einem Preis von 0,06 $ pro Aktie gewährt, die über fünf Jahre ausgeübt werden können, mit einem vierteljährlichen Vesting-Zeitplan von 25 % im ersten Jahr.

Positive
  • Appointment of permanent CEO with strong technical background in geology
  • New CEO has relevant experience in similar geological regions
  • Previous interim CEO remains on board ensuring leadership continuity
Negative
  • Stock options grant represents potential dilution for shareholders
  • New CEO lacks previous experience as chief executive of a public company

VANCOUVER, BC / ACCESS Newswire / March 12, 2025 / GGL Resources Corp. (TSXV:GGL) ("GGL" or the "Company") is pleased to announce an immediate addition to its Board of Directors and permanent CEO position.

Effective immediately, Matthew Turner, interim CEO, will be replaced on a permanent basis by John Gilbert, M.Sc. Mr. Gilbert has concurrently been appointed a Director of GGL. Mr. Turner will remain as a Director of GGL.

"It is my pleasure to introduce John as the new CEO of GGL and also welcome him to the Board of Directors," stated Matthew Turner, GGL's outgoing Interim CEO. "John's considerable technical background as a structural geologist, track record of leading successful exploration programs to discovery and particular passion for GGL's flagship project, Gold Point, makes him uniquely suited for the role. We look forward to seeing GGL succeed under John's leadership."

Mr. Gilbert received a Bachelor of Science (Geology) degree from the University of Massachusetts - Amherst and a Masters of Science degree specializing in structural geology from the University of Vermont. Since 2008 he has worked as a geological and geophysical technician and as an exploration and mine geologist on projects in Alaska, Yukon, Nevada, California, and New York as project geologist for companies including Titan Mining and Snowline Gold. Most recently, Mr. Gilbert served as Vice President - Exploration and Corporate Development for Silver Range Resources Ltd., a Nevada gold-focused project generator. He also ran a successful private exploration company which acquired, explored and vended gold projects in New Brunswick.

GGL Resources has granted incentive stock options under its Incentive Stock Option Plan to Mr. Gilbert with the right to purchase up to an aggregate 500,000 GGL shares at a price of $0.06 per share for a period of five years. All these options are subject to vesting provisions under which 25% of the options will vest at the conclusion of each three months during the first year of the exercise period.

About GGL Resources Corp.

GGL is a seasoned, Canadian-based junior exploration company, focused on the exploration and advancement of under-evaluated mineral assets in politically stable, mining friendly jurisdictions. The Company has optioned and wholly owned claims in the Gold Point district of the prolific Walker Lane Trend, Nevada. The Gold Point claims cover several gold-silver veins, five of which host past producing high-grade mines, as well as an exciting new porphyry target which is currently under option to Teck. The Company also owns the McConnell Project, which hosts mesothermal gold veins and an under explored porphyry copper-gold prospect in the Kemess District of north-central British Columbia. GGL also holds diamond royalties on mineral leases adjacent to the Gahcho Kué diamond mine and southwest of the Ekati diamond mine in the Northwest Territories.

ON BEHALF OF THE BOARD

"Matthew Turner"

Matthew Turner
Director

For further information concerning GGL Resources Corp. or its various exploration projects please visit our website at www.gglresourcescorp.com or contact:

Investor Inquiries

Richard Drechsler
Corporate Communications
Tel: (604) 687-2522
NA Toll-Free: (888) 688-2522
rdrechsler@strategicmetalsltd.com

Corporate Information

Linda Knight
Corporate Secretary
Tel: (604) 688-0546
info@gglresourcescorp.com

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.

Information contained in this news release contains forward-looking statements. These statements reflect management's current estimates, beliefs, intentions, and expectations; they are not guarantees of future performance. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "succeed", "advancements", "under-evaluated" and similar expressions, or that events or conditions "may", "could" or "will" occur. GGL cautions that all forward-looking statements are inherently uncertain, and that actual performance may be affected by a number of material factors, many of which are beyond the control of GGL. Such factors include, among other things: risks and uncertainties relating to exploration and development and the results thereof, including the results of the recently completed drill program, the impact on future mineral resource estimates, the potential for new discoveries, and the results of future metallurgical programs, as well as the ability of GGL to obtain additional financing, the need to comply with environmental and governmental regulations, fluctuations in the prices of commodities, operating hazards and risks, competition and other risks and uncertainties, including those described in GGL's financial statements available under the GGL profile at www.sedarplus.ca. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward-looking information. Except as required under applicable securities legislation, GGL undertakes no obligation to publicly update or revise forward-looking information.

SOURCE: GGL Resources Corp.



View the original press release on ACCESS Newswire

FAQ

What experience does John Gilbert bring as the new CEO of GGLXF?

John Gilbert brings a Master's in structural geology, experience leading exploration programs, and has worked on projects across North America, including roles at Titan Mining and Snowline Gold.

How many stock options were granted to the new GGLXF CEO and at what price?

GGL granted John Gilbert 500,000 stock options at $0.06 per share, exercisable over 5 years with quarterly vesting over the first year.

What is the vesting schedule for the new GGLXF CEO's stock options?

The options vest 25% quarterly over the first year of the exercise period.

What positions did John Gilbert hold before joining GGLXF as CEO?

Gilbert was VP of Exploration and Corporate Development at Silver Range Resources and ran a private exploration company focused on gold projects in New Brunswick.
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