GGX Gold Appoints Sebastien Ah Fat, P.Geo. as Vice President, Exploration

Rhea-AI Summary

GGX Gold Corp. announced the appointment of Sebastien Ah Fat as Vice President of Exploration. With over a decade of experience in the mining sector, Ah Fat has worked with Pacific Bay Minerals Ltd. and Glacier Resources Corp. He holds a B.Sc. in Geology from the University of Calgary and is a certified Professional Geoscientist. CEO Barry Brown highlighted Ah Fat's valuable knowledge related to the Gold Drop project. The company also granted 800,000 stock options at an exercise price of $0.16, with specific terms regarding their exercise.

Positive

• Appointment of a seasoned professional with over a decade of relevant experience.
• Sebastien Ah Fat's previous involvement with the company's exploration efforts at Gold Drop is expected to enhance project outcomes.
• Stock options granted may align management's interests with shareholders.

Negative

• No direct mention of immediate financial benefits or projections from the new appointment.

VANCOUVER, BC / ACCESSWIRE / April 14, 2021 / GGX Gold Corp. (TSXV:GGX)(OTCQB:GGXXF)(FRA:3SR2) ("GGX" or the "Company") is pleased to announce Sebastien Ah Fat has been appointed as Vice President, Exploration.

Sebastien Ah Fat is a professional geologist with over a decade of experience in the mining and energy sectors. He is the Vice President of Exploration at Pacific Bay Minerals Ltd., a precious metal focused mining company and the co-founder and Vice President of Exploration at Glacier Resources Corp., a lithium exploration company. Previously, Sebastien was the Manager of Geological Services and Software Development of a leading energy geosteering consulting firm and Geologist at Bralorne Gold Mines Ltd. Mr. Ah Fat holds a Bachelor of Science degree in Geology from the University of Calgary and is registered as a Professional Geoscientist with the Association of Professional Engineers and Geoscientists of Alberta (APEGA).

Barry Brown, CEO of GGX Gold stated "We are pleased to have Sebastien join our management team as we continue to review the possibility of a bulk sample at the Gold Drop property. Sebastien has been intimately involved in our exploration efforts at the Gold Drop project and brings a wealth of technical knowledge in the precious metals sector."

The Company also announces that it has granted 800,000 stock options at an exercise price of $0.16 to its directors, officers, employees and consultants. The options are exercisable for five years and will be cancelled 30 days after cessation of acting as director, officer, employee or consultant of the Company. The stock options are not transferable and will be subject to a four-month hold period from the date of grant and any applicable regulatory acceptance.

On Behalf of the Board of Directors

Barry Brown, CEO
604-488-3900
Office@GGXgold.com

Forward Looking Statement

This News Release may contain forward-looking statements including but not limited to comments regarding the acquisition of certain mineral claims. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements and GGX Gold undertakes no obligation to update such statements, except as required by law.

Forward-looking statements are based on the then-current expectations, beliefs, assumptions, estimates and forecasts about the business and the industry and markets in which the Company operates, including that: the current price of and demand for minerals being targeted by the Company will be sustained or will improve; the Company will be able to obtain required exploration licences and other permits; general business and economic conditions will not change in a material adverse manner; financing will be available if and when needed on reasonable terms; the Company will not experience any material accident; and the Company will be able to identify and acquire additional mineral interests on reasonable terms or at all. Forward-looking statements are not guarantees of future performance and involve risks, uncertainties and assumptions which are difficult to predict. Investors are cautioned that all forward-looking statements involve risks and uncertainties, including: that resource exploration and development is a speculative business; that environmental laws and regulations may become more onerous; that the Company may not be able to raise additional funds when necessary; fluctuations in currency exchange rates; fluctuating prices of commodities; operating hazards and risks; competition; potential inability to find suitable acquisition opportunities and/or complete the same; and other risks and uncertainties listed in the Company's public filings. These risks, as well as others, could cause actual results and events to vary significantly. Accordingly, readers should not place undue reliance on forward-looking statements and information, which are qualified in their entirety by this cautionary statement. There can be no assurance that forward-looking information, or the material factors or assumptions used to develop such forward looking information, will prove to be accurate. The Company does not undertake any obligations to release publicly any revisions for updating any voluntary forward-looking statements, except as required by applicable securities law.

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

SOURCE: GGX Gold Corp.

View source version on accesswire.com:
https://www.accesswire.com/640290/GGX-Gold-Appoints-Sebastien-Ah-Fat-PGeo-as-Vice-President-Exploration

FAQ

Who is Sebastien Ah Fat, and what is his background?

Sebastien Ah Fat is the newly appointed Vice President of Exploration at GGX Gold Corp. He has over a decade of experience in the mining sector, previously holding positions in Pacific Bay Minerals and Glacier Resources.

What are the stock options granted by GGX Gold Corp.?

GGX Gold Corp. granted 800,000 stock options at an exercise price of $0.16, which are exercisable for five years, with a cancellation period of 30 days after the cessation of services.

What is the expected impact of Sebastien Ah Fat's appointment on GGX Gold Corp.?

Sebastien Ah Fat's extensive experience and previous involvement in the Gold Drop project is anticipated to positively influence exploration efforts and project developments.