Imperial Mining Nominates Jeff Swinoga as Its Next Chairman

Rhea-AI Summary

Imperial Mining Group Ltd. has appointed Jeff Swinoga as the new Chairman of the Board. With over 25 years of experience in finance and project development in the mining sector, Swinoga has previously worked with major firms like Torex Gold and Barrick Gold. His expertise includes securing significant mine construction funding, amounting to over $2 billion. Imperial aims to leverage his leadership to enhance its Crater Lake scandium project, focusing on providing advanced materials to reduce carbon emissions.

Positive

• Jeff Swinoga appointed as Chairman of the Board, bringing extensive mining and finance experience.
• Swinoga's past success in securing over $2 billion in mine construction funding.
• Imperial's focus on its Crater Lake scandium project, targeting high-strength, lightweight materials.

Negative

• None.

MONTREAL, Oct. 12, 2021 (GLOBE NEWSWIRE) -- Imperial Mining Group Ltd. ("Imperial") (TSX VENTURE: IPG; OTCQB: IMPNF) is pleased to announce that it has nominated Mr. Jeff Swinoga, CPA, as its new Chairman of the Board of Directors.

Jeff Swinoga, CPA, Chairman of the Board

We are honoured to announce that Jeff Swinoga has accepted to assume the role of Chairman of the Board of Directors of Imperial Mining Group Ltd., effective immediately.

Jeff Swinoga is a highly accomplished mining executive with more than 25 years of executive and management experience in the areas of finance, project development and project construction. He is currently the President & CEO of Exploits Discovery Corp. Prior to this, he was the National Mining and Metals Co-Leader at EY Canada. He served in C-suite positions with junior and major mining groups, such as Torex Gold, North American Palladium and HudBay Minerals Inc. and in executive roles with Barrick Gold Corporation. In these positions, Jeff successfully built and led project financing teams that secured between $400 million to over $2 billion in mine construction funding. He brings international experience in mine finance with an extensive professional network in project development in North and South America, as well as Africa.

He is a Chartered Professional Accountant and holds a Master of Business Administration degree from the University of Toronto as well as a Bachelor’s degree (Honours) in Economics from the University of Western Ontario. Jeff was recently elected to the Board of PDAC and is also a member of their audit committee.

“I am very pleased that Jeff Swinoga has agreed to join us,” said Peter J. Cashin, Imperial’s President & CEO. “Jeff shares my vision of the significant value proposition that our Crater Lake scandium project offers. Our intent is to provide manufacturers with the next-generation, high-strength, lightweight and corrosion-resistant materials to reduce the carbon emission footprint of their platforms. Please join me in welcoming Jeff to the Imperial Team. I look forward to his contribution in supporting Imperial’s intention of being North America’s first pure scandium provider.”

ABOUT IMPERIAL MINING GROUP LTD.

Imperial is a Canadian mineral exploration and development company focused on the advancement of its technology metals projects in Québec. Imperial is publicly listed on the TSX Venture Exchange as “IPG” and on the OTCQB Exchange as “IMPNF” and is led by an experienced team of mineral exploration and development professionals with a strong track record of mineral deposit discovery in numerous metal commodities.

For further information please contact:

Peter J. Cashin President and Chief Executive Officer Phone: +1 (514) 360-0571 Email: info@imperialmgp.com

CHF Capital Markets Cathy Hume – Chief Executive Officer Phone: +1 (416) 868-1079 x231 Email: cathy@chfir.com

Website: www.imperialmgp.com           Twitter: @imperial_mining         Facebook: Imperial Mining Group

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.

FAQ

Who is the new Chairman of Imperial Mining Group Ltd as of October 2021?

Jeff Swinoga has been appointed as the new Chairman of the Board.

What projects is Imperial Mining Group focused on?

Imperial Mining Group is focused on advancing its Crater Lake scandium project.

What experience does Jeff Swinoga bring to Imperial Mining Group?

Jeff Swinoga brings over 25 years of experience in mining finance and project development.

What is the significance of the Crater Lake scandium project for Imperial Mining Group?

The Crater Lake scandium project aims to provide manufacturers with lightweight materials to reduce carbon emissions.

How much mine construction funding has Jeff Swinoga secured in his career?

Jeff Swinoga has secured between $400 million to over $2 billion in mine construction funding.