Rockridge Announces the Appointment of Jonathan Wiesblatt as Chief Executive Officer

Rhea-AI Summary

Rockridge Resources Ltd. has appointed Jonathan Wiesblatt as the new CEO, bringing over 20 years of financial and mining industry experience. Wiesblatt emphasizes advancing the Knife Lake Project and enhancing shareholder value through strategic acquisitions. The company has also issued 2,000,000 stock options at $0.15 per share, showing commitment to incentivizing key personnel. Grant Ewing will transition to a Consulting Geologist role, allowing for continued expertise in project development. Rockridge focuses on mineral discovery in geopolitically favorable areas, aiming to maximize shareholder returns.

Positive

• Appointment of Jonathan Wiesblatt as CEO expected to enhance shareholder value.
• Wiesblatt's extensive experience in finance and mining could positively impact project advancement.
• Issuance of 2,000,000 stock options signals commitment to incentivizing team members.

Negative

• Transition of Grant Ewing from CEO to Consulting Geologist could signal potential continuity concerns.

VANCOUVER, British Columbia, March 15, 2021 (GLOBE NEWSWIRE) -- Rockridge Resources Ltd. (TSX-V: ROCK) (OTCQB: RRRLF) (Frankfurt: RR0) (“Rockridge” or the “Company”) is pleased to announce the appointment of Jonathan Wiesblatt as Chief Executive Officer of the Company.

Mr. Wiesblatt has over two decades of experience in the financial industry in various roles including focused expertise in the mining industry as an analyst and institutional investor. He specializes in equity research, portfolio management, capital markets, hedge funds, and investment management. His expertise in US and Canadian capital markets will be invaluable to the company as Rockridge endeavours to create shareholder value through new mineral discoveries and the advancement of projects in geopolitically favourable jurisdictions. Mr. Wiesblatt has spent the last 15-years as an institutional investor working as a Portfolio Manager for several multi-strategy funds, a Canadian Equity Mutual Fund at Sprott Asset Management (Ninepoint Partners), as well as recently serving as an advisor to one of Canada’s largest Family Offices, Reichmann International Development Corp. He is a graduate of The University of Western Ontario and Chartered Investment Manager Designation holder.

Mr. Wiesblatt commented: “I am excited to join the Rockridge team to focus on building shareholder value by advancing the Knife Lake Project and growing the Company’s asset base through strategic acquisitions. The Knife Lake Project is a significant deposit with many high-grade intercepts returned from historic drilling and excellent discovery potential exists on the large landholding controlled by Rockridge. Rockridge has a very experienced team with a variety of skills including technical expertise, mining experience and capital markets knowledge. The assets in Rockridge at present create the foundation for a potentially very compelling and exciting Canadian resources company.”

Grant Ewing will step down as the current CEO and will remain as a Consulting Geologist, continuing to work closely with the Rockridge team going forward.

The Company also announces that it has issued 2,000,000 incentive stock options (the "Options") to its directors, officers, employees and consultants. The Options are exercisable at $0.15 per share for a period of five years from the date of grant. The Options have been granted under and are governed by the terms of the Company's incentive stock option plan.

About Rockridge Resources Ltd.

Rockridge Resources is a publicly traded mineral exploration company focused on the acquisition, exploration, and development of mineral resource properties in Canada and other mining-friendly jurisdictions. The Company's Knife Lake Project is in Saskatchewan, which is ranked as one of the top mining jurisdictions in the world by the Fraser Institute. The project hosts the Knife Lake deposit, which is a VMS, near-surface copper-cobalt-gold-silver-zinc deposit open along strike and at depth. The Company’s Raney Gold Project is a high-grade gold exploration project located in the same greenstone belt that hosts the world-class Timmins and Kirkland Lake lode gold mining camps. Rockridge’s goal is to maximize shareholder value through new mineral discoveries, committed long-term partnerships, and the advancement of exploration projects in geopolitically favourable jurisdictions.

Additional information about Rockridge Resources and its project portfolio can be found on the Company’s website at www.rockridgeresourcesltd.com.

Rockridge Resources Ltd.

“Jonathan Wiesblatt”

Jonathan Wiesblatt
CEO

For further information contact myself or:

Jordan Trimble, President or
Spencer Coulter, Corporate Communications

Rockridge Resources Ltd.
Telephone: 604-687-3376
Toll Free: 800-567-8181
Facsimile: 604-687-3119
Email: info@rockridgeresourcesltd.com

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.

Forward Looking Information

This release includes certain statements that may be deemed to be "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that management of the Company expects, are forward-looking statements. Statements included in this announcement, including statements concerning our plans, intentions and expectations, which are not historical in nature are intended to be, and are hereby identified as, “forward-looking statements”. Forward-looking statements may be identified by words including “anticipates”, “believes”, “intends”, “estimates”, “expects” and similar expressions. Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements. The Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change. Factors that could cause actual results to differ materially from those in forward-looking statements, include market prices, exploration and development successes, continued availability of capital and financing, and general economic, market or business conditions. Please see the public filings of the Company at www.sedar.com for further information.

FAQ

Who is Jonathan Wiesblatt and what is his role at Rockridge Resources?

Jonathan Wiesblatt has been appointed as the CEO of Rockridge Resources, bringing over 20 years of experience in the financial and mining industries.

What will Jonathan Wiesblatt focus on as the new CEO of RRRLF?

Wiesblatt aims to advance the Knife Lake Project and create shareholder value through strategic acquisitions.

What stock options were issued by Rockridge Resources and at what price?

Rockridge issued 2,000,000 stock options exercisable at $0.15 per share.

What changes occurred in the executive team of Rockridge Resources?

Grant Ewing stepped down as CEO and will continue as a Consulting Geologist.

What is the Knife Lake Project and its significance to Rockridge Resources?

The Knife Lake Project is a significant deposit with high-grade intercepts, crucial for Rockridge's growth and exploration efforts.