Radisson Appoints Peter MacPhail to Board of Directors and Pierre Beaudoin to Board Chairperson

Rhea-AI Summary

Radisson Mining Resources Inc. (TSX-V: RDS, OTCQB: RMRDF) has announced key changes to its Board of Directors. Peter MacPhail, with over 35 years of operational mining experience, has been appointed as a new board member. Pierre Beaudoin, a board member since 2021, has been named Chairperson. These appointments strengthen Radisson's leadership with extensive expertise in exploration, development, and operations of precious metals projects.

The company now has a seven-person Board of Directors with a strong technical focus. Radisson also granted 600,000 stock options, each allowing the purchase of one class A share at $0.18 until July 17, 2029. These changes aim to support Radisson's ongoing exploration efforts at the O'Brien Project and potential future mining operations.

Positive

• Appointment of Peter MacPhail with 35+ years of operational mining experience to the Board
• Promotion of Pierre Beaudoin, an experienced mining executive, to Board Chairperson
• Strengthened Board of Directors with expertise in exploration and development of Canadian precious metals projects
• Continued focus on exploration efforts at the O'Brien Project

Negative

• None.

ROUYN-NORANDA, Quebec, July 17, 2024 (GLOBE NEWSWIRE) -- Radisson Mining Resources Inc. (TSX-V: RDS, OTCQB: RMRDF) (“Radisson” or the “Company”) is pleased to announce the appointment of Mr. Peter MacPhail as a member of Radisson’s Board of Directors and M. Pierre Beaudoin as Chairperson, effective immediately.

Peter MacPhail joins Radisson’s Board with over 35 years of operational mining experience in Canada, Mexico, and Australia. Between 2015 and 2022, Peter was Chief Operating Officer of Alamos Gold Inc. Prior to Alamos, he served as the Chief Operating Officer of both AuRico Gold Inc. and Northgate Minerals Inc. During his tenure at these organizations, Peter oversaw the construction of the Young Davidson mine, initial expansions at the Island Gold mine and construction of the La Yaqui Grande mine in Mexico. Between 2022 and 2024 he served as a director and subsequently chairperson of Marathon Gold Corporation prior to its acquisition by Calibre Mining Corporation.

Pierre Beaudoin has been a member of Radisson’s Board of Directors since 2021. He is a seasoned mining executive with more than 30 years of international experience with operations, project development and mineral processing. Between 2018 and 2024 Pierre served as Chief Operating Officer of SilverCrest Metals Inc. overseeing the construction and development of the Las Chipas mine in Sonora, Mexico. Pierre continues to serve as a member of the Silvercrest Board of Directors. Between 2010 and 2017, Pierre led the design, construction, development, ramp-up and operations of the Detour Lake Gold mine. Prior to that, Mr. Beaudoin spent several years with Barrick Gold, Lac Minerals Ltd. and Noranda Minerals.

Matt Manson, Radisson’s President and CEO, stated: “These appointments announced today complete a seven-person Board of Directors at Radisson with a strong technical focus and multiple decades of experience in the successful exploration and development of Canadian precious metals projects. This experience will serve Radisson well as we continue our exploration efforts at the O’Brien Project and look to future potential mining. I am grateful to Pierre in assuming the role of Chairperson and Peter in joining a board that also includes Lise Chenard, Michael Gentile, Cindy Valence, Jeff Swinoga and myself.”

Concurrent with these appointments, the Company announces the grant of 600,000 stock options. Pursuant to the terms of the stock option plan each option grants the holder thereof the right to purchase one class A share at a price of $0.18 until July 17, 2029.

Radisson Mining Resources Inc.

Radisson is a gold exploration company focused on its 100% owned O’Brien project, located in the Bousquet-Cadillac mining camp along the world-renowned Larder-Lake-Cadillac Break in Abitibi, Québec. The Bousquet-Cadillac mining camp has produced over 25,000,000 ounces of gold over the last 100 years. The project hosts the former O’Brien Mine, considered to have been Québec’s highest-grade gold producer during its production.

For more information on Radisson, visit our website at www.radissonmining.com or contact:

Matt Manson
President and CEO
416.618.5885
mmanson@radissonmining.com

Hubert Parent-Bouchard
Chief Financial Officer
819.763.9969
hpbouchard@radissonmining.com

Forward-Looking Statements

All statements, other than statements of historical fact, contained in this press release including, but not limited to, those relating to the intended use of proceeds of the Offering, the development of the O’Brien project and generally, the above “About Radisson Mining Resources Inc.” paragraph which essentially describes the Corporation’s outlook, constitute “forward-looking information” or “forward-looking statements” within the meaning of applicable securities laws, and are based on expectations, estimates and projections as of the time of this press release. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Corporation as of the time of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. These estimates and assumptions may prove to be incorrect. Many of these uncertainties and contingencies can directly or indirectly affect, and could cause, actual results to differ materially from those expressed or implied in any forward-looking statements and future events, could differ materially from those anticipated in such statements. A description of assumptions used to develop such forward-looking information and a description of risk factors that may cause actual results to differ materially from forward-looking information can be found in Radisson’s disclosure documents on the SEDAR website at www.sedar.com. 

By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and risks exist that estimates, forecasts, projections and other forward-looking statements will not be achieved or that assumptions do not reflect future experience. Forward-looking statements are provided for the purpose of providing information about management’s endeavours to develop the O’Brien project and, more generally, its expectations and plans relating to the future. Readers are cautioned not to place undue reliance on these forward-looking statements as a number of important risk factors and future events could cause the actual outcomes to differ materially from the beliefs, plans, objectives, expectations, anticipations, estimates, assumptions and intentions expressed in such forward-looking statements. All of the forward-looking statements made in this press release are qualified by these cautionary statements and those made in our other filings with the securities regulators of Canada. The Corporation disclaims any intention or obligation to update or revise any forward-looking statements or to explain any material difference between subsequent actual events and such forward-looking statements, except to the extent required by applicable law.

FAQ

Who are the new appointments to Radisson Mining Resources' Board of Directors?

Peter MacPhail has been appointed as a new board member, and Pierre Beaudoin, a board member since 2021, has been named Chairperson of Radisson Mining Resources (RMRDF).

What is Peter MacPhail's background in the mining industry?

Peter MacPhail has over 35 years of operational mining experience in Canada, Mexico, and Australia. He previously served as Chief Operating Officer at Alamos Gold Inc., AuRico Gold Inc., and Northgate Minerals Inc.

What experience does Pierre Beaudoin bring to his role as Chairperson of Radisson Mining Resources (RMRDF)?

Pierre Beaudoin has more than 30 years of international experience in mining operations, project development, and mineral processing. He previously served as Chief Operating Officer of SilverCrest Metals Inc. and led the development of the Detour Lake Gold mine.

How many stock options did Radisson Mining Resources (RMRDF) grant in July 2023?

Radisson Mining Resources granted 600,000 stock options, each allowing the purchase of one class A share at $0.18 until July 17, 2029.