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Pacific Bay Appoints Elton Pereira as VP Exploration

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Pacific Bay Minerals (TSXV: PBMFF) has appointed Elton L.S. Pereira as Vice President Exploration. Mr. Pereira, a Brazilian geologist, brings extensive international experience in mining exploration. He led the development of Brazauro Resources Corp.'s Tocantinzinho Gold Project in Brazil, which was sold to Eldorado Gold Corp. in 2010. He also spearheaded the discovery of TriStar Gold's Castelo de Sonhos gold project and has recently worked on nickel-copper-cobalt deposits in Bahia State, Brazil.

The appointment aligns with Pacific Bay's new focus on acquiring precious metal and critical mineral exploration projects in Brazil. As part of his compensation, Mr. Pereira will receive 500,000 incentive stock options at an exercise price of $0.05 per share, expiring in 3 years.

Pacific Bay Minerals (TSXV: PBMFF) ha nominato Elton L.S. Pereira come Vice Presidente per l'Esplorazione. Il signor Pereira, un geologo brasiliano, porta con sé una vasta esperienza internazionale nell'esplorazione mineraria. Ha guidato lo sviluppo del Progetto Aurifero Tocantinzinho di Brazauro Resources Corp. in Brasile, venduto a Eldorado Gold Corp. nel 2010. Ha anche guidato la scoperta del progetto aurifero Castelo de Sonhos di TriStar Gold e ha recentemente lavorato su giacimenti di nichel-rame-cobalto nello Stato di Bahia, Brasile.

Questa nomina si allinea con il nuovo focus di Pacific Bay su acquisizione di progetti di esplorazione di metalli preziosi e minerali critici in Brasile. Come parte della sua retribuzione, il signor Pereira riceverà 500.000 opzioni su azioni incentivanti a un prezzo di esercizio di 0,05 $ per azione, con scadenza tra 3 anni.

Pacific Bay Minerals (TSXV: PBMFF) ha designado a Elton L.S. Pereira como Vicepresidente de Exploración. El Sr. Pereira, un geólogo brasileño, aporta una amplia experiencia internacional en la exploración minera. Lideró el desarrollo del Proyecto de Oro Tocantinzinho de Brazauro Resources Corp. en Brasil, que se vendió a Eldorado Gold Corp. en 2010. También encabezó el descubrimiento del proyecto de oro Castelo de Sonhos de TriStar Gold y ha trabajado recientemente en depósitos de níquel-cobre-cobalto en el estado de Bahía, Brasil.

La designación se alinea con el nuevo enfoque de Pacific Bay en la adquisición de proyectos de exploración de metales preciosos y minerales críticos en Brasil. Como parte de su compensación, el Sr. Pereira recibirá 500,000 opciones de acciones incentivadas a un precio de ejercicio de $0.05 por acción, que vencerán en 3 años.

Pacific Bay Minerals (TSXV: PBMFF)는 엘튼 L.S. 페레이라를 탐사 부사장으로 임명했습니다. 페레이라 씨는 브라질 출신 지질학자로, 광물 탐사 분야에서 방대한 국제적 경험을 지니고 있습니다. 그는 브라질에서 브라자우로 리소스의 토칸틴지뉴 금 프로젝트 개발을 이끌었으며, 이 프로젝트는 2010년에 엘도라도 골드에 매각되었습니다. 또한 그는 트라이스타 골드의 카스텔루 드 송우스 금 프로젝트의 발견을 주도했으며, 최근에는 브라질 바히아 주에서 니켈-구리-코발트 광상에 대한 작업을 수행했습니다.

이번 임명은 Pacific Bay의 브라질에서 귀금속 및 핵심 광물 탐사 프로젝트를 인수하는 새로운 초점과 일치합니다. 보상의 일환으로, 페레이라 씨는 주당 0.05달러의 행사 가격으로 500,000개의 인센티브 주식 옵션을 받을 것입니다, 3년 후 만료됩니다.

Pacific Bay Minerals (TSXV: PBMFF) a nommé Elton L.S. Pereira au poste de Vice-Président Exploration. M. Pereira, un géologue brésilien, apporte une vaste expérience internationale dans l'exploration minière. Il a dirigé le développement du projet d'or Tocantinzinho de Brazauro Resources Corp. au Brésil, qui a été vendu à Eldorado Gold Corp. en 2010. Il a également été à l'origine de la découverte du projet aurifère Castelo de Sonhos de TriStar Gold et a récemment travaillé sur des gisements de nickel-cuivre-cobalt dans l'État de Bahia, au Brésil.

Cette nomination s'inscrit dans le nouveau focus de Pacific Bay sur l'acquisition de projets d'exploration de métaux précieux et de minéraux critiques au Brésil. Dans le cadre de sa rémunération, M. Pereira recevra 500 000 options d'actions incitatives avec un prix d'exercice de 0,05 $ par action, expirant dans 3 ans.

Pacific Bay Minerals (TSXV: PBMFF) hat Elton L.S. Pereira zum Vizepräsidenten für Exploration ernannt. Herr Pereira, ein brasilianischer Geologe, bringt umfassende internationale Erfahrung in der Bergbauexploration mit. Er leitete die Entwicklung des Tocantinzinho-Goldprojekts von Brazauro Resources Corp. in Brasilien, das 2010 an Eldorado Gold Corp. verkauft wurde. Er war auch verantwortlich für die Entdeckung des Goldprojekts Castelo de Sonhos von TriStar Gold und hat kürzlich an Nickel-Kupfer-Kobalt-Lagerstätten im Bundesstaat Bahia, Brasilien, gearbeitet.

Diese Ernennung steht im Einklang mit dem neuen Fokus von Pacific Bay auf dass Erwerb von Projekten zur Exploration von Edelmetallen und kritischen Mineralien in Brasilien. Im Rahmen seiner Vergütung wird Herr Pereira 500.000 Anreiz-Aktienoptionen zu einem Ausübungspreis von 0,05 $ pro Aktie erhalten, die in 3 Jahren auslaufen.

Positive
  • Appointment of experienced geologist Elton Pereira as VP Exploration
  • New strategic focus on precious metal and critical mineral exploration in Brazil
  • Pereira's track record includes successful development of major gold projects in Brazil
Negative
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Vancouver, British Columbia--(Newsfile Corp. - August 15, 2024) - Pacific Bay Minerals Ltd (TSXV: PBM) ("Pacific Bay" or the "Company"), is pleased to announce that the Company has appointed Brazilian geologist Elton L.S. Pereira as Vice President Exploration, effective immediately.

Mr. Pereira brings to Pacific Bay a wealth of international success in the mining exploration industry.

Mr. Pereira led the development of Brazauro Resources Corp.'s Tocantinzinho Gold Project, which was the first major discovery in the now prolific Tapajós Mineral Province in Brazil. Tocantinzinho was subsequently sold to Eldorado Gold Corp. in 2010, which is currently under construction by G Mining Ventures.

Following this achievement, Mr. Pereira spearheaded the discovery and development of the Castelo de Sonhos gold project, owned by TriStar Gold Inc. More recently, he has contributed to the development of multiple nickel-copper-cobalt deposits in Bahia State, Brazil, through his work with Appian Capital Advisory and Bahia Nickel Mineração.

Mr. Pereira earned a M.Sc. in Geology from the University of Ouro Preto, Minas Gerais, Brazil.

"Management of the Company has decided to direct attention to the acquisition of precious metal and critical mineral exploration projects in Brazil, and Mr. Pereira brings with him a remarkable track record of success and a wealth of experience that will help Pacific Bay achieve this objective," said Reagan Glazier, President & CEO. "Elton's leadership in developing high value assets, such as the Tocantinzinho and the Castelo de Sonhos gold projects, has not only set new standards in the industry, but also significantly contributed to the advancement of mineral exploration in Brazil. I'm excited for the opportunity to include him in our endeavors."

As part of his compensation, the Company will grant 500,000 incentive stock options to Mr. Pereira at an exercise price of $0.05 per share, expiring 3 years after issuing.

Qualified Person

The scientific and technical information contained in this news release has been reviewed and approved by Mr. David Bridge, P.Geo., a consultant of the Company, who is a "Qualified Person" as defined in NI 43-101.

For more Information please contact:

Reagan Glazier, CEO, President and Director
E-mail: reagan@pacificbayminerals.com
Telephone:+1 403-815-6663

About Pacific Bay Minerals Ltd.

Pacific Bay currently has a portfolio of properties in British Columbia including the Haskins Reed, 30km East of the Cassiar townsite and the newly added Sphinx Mountain Rare Earth Project.

Forward-Looking Statements

This press release may contain forward-looking statements within the meaning of applicable securities laws. Forward-looking statements are based on certain expectations and assumptions, including future plans and objectives of Neotech Metals Corp. Forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from those anticipated in such statements. The Company undertakes no obligation to update or revise forward-looking information, whether as a result of new information, future events, or otherwise, except as required by law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/220011

FAQ

Who is the new Vice President Exploration of Pacific Bay Minerals (PBMFF)?

Elton L.S. Pereira, a Brazilian geologist with extensive experience in mining exploration, has been appointed as the new Vice President Exploration of Pacific Bay Minerals (PBMFF).

What is Pacific Bay Minerals' (PBMFF) new strategic focus?

Pacific Bay Minerals (PBMFF) is now focusing on acquiring precious metal and critical mineral exploration projects in Brazil.

What compensation was offered to Elton Pereira by Pacific Bay Minerals (PBMFF)?

Pacific Bay Minerals (PBMFF) granted Elton Pereira 500,000 incentive stock options at an exercise price of $0.05 per share, expiring in 3 years.

What are some of Elton Pereira's notable achievements in the mining industry?

Elton Pereira led the development of the Tocantinzinho Gold Project, which was sold to Eldorado Gold Corp. in 2010, and spearheaded the discovery of the Castelo de Sonhos gold project for TriStar Gold Inc.

PACIFIC BAY MINERALS LTD

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