Torq Announces Executive Title Changes

Rhea-AI Summary

Torq Resources has announced management changes, appointing Shawn Wallace as CEO and Michael Kosowan as Vice President of Capital Markets. Wallace will continue as Chair of the Board. The company is also creating a new position, Lead Independent Director, filled by Steve Cook. In addition, Tracy George, Corporate Secretary, has been granted 25,000 options. This reorganization aims to enhance executive involvement and support capital market development.

Positive

• Appointment of Shawn Wallace as CEO may lead to more effective day-to-day management.
• Creation of Lead Independent Director role signifies improved governance structure.

Negative

• None.

VANCOUVER, BC / ACCESSWIRE / June 21, 2022 / Torq Resources Inc. (TSX-V:TORQ)(OTCQX:TRBMF) ("Torq" or the "Company") is pleased to announce that two current directors are changing management positions in order to better reflect the expected executive involvement of each person going forward. Shawn Wallace the current Board Chair is being appointed to Chief Executive Officer while Michael Kosowan will assume the office of Vice President of Capital Markets. Mr. Wallace will continue to serve as Chair of the Board of Directors of Torq, and Mr. Kosowan will continue to serve as a director. The Board has created the office Lead Independent Director and has appointed Steve Cook in that office.

CEO Shawn Wallace commented, "I look forward to greater involvement with the day-to-day management of Torq than before. We thank Michael for all his past contributions as CEO and look forward to his help in developing our capital markets."

The Company also announces that it is granting Ms. Tracy George, Torq's Corporate Secretary, 25,000 options, which are exercisable for a period of five years from the date of grant.

ON BEHALF OF THE BOARD,

Shawn Wallace
CEO & Chair

For further information on Torq Resources, please visit www.torqresources.com or contact Natasha Frakes, Vice President of Corporate Communications at (778) 729-0500 or info@torqresources.com.

About Torq Resources

Torq is a Vancouver-based copper and gold exploration company with a portfolio of premium holdings in Chile. The Company is establishing itself as a leader of new exploration in prominent mining belts, guided by responsible, respectful and sustainable practices. The Company was built by a management team with prior success in monetizing exploration assets and its specialized technical team is recognized for their extensive experience working with major mining companies, supported by robust safety standards and technical proficiency. The technical team includes Chile-based geologists with invaluable local expertise and a noteworthy track record for major discovery in the country. Torq is committed to operating at the highest standards of applicable environmental, social and governance practices in the pursuit of a landmark discovery. For more information, visit www.torqresources.com.

Forward Looking Information

This release includes certain statements that may be deemed "forward-looking statements". Forward-looking information is information that includes implied future performance and/or forecast information including information relating to, or associated with, exploration and or development of mineral properties. These statements or graphical information involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements of the Company to be materially different (either positively or negatively) from any future results, performance or achievements expressed or implied by such forward-looking statements. See Torq's public filings at www.sedar.com for disclosure of the risks and uncertainties faced in this business.

Neither the 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: Torq Resources Inc.

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FAQ

What management changes were announced by Torq Resources on June 21, 2022?

On June 21, 2022, Torq Resources announced Shawn Wallace as CEO and Michael Kosowan as Vice President of Capital Markets.

Who is the new Chief Executive Officer of Torq Resources?

Shawn Wallace has been appointed as the new Chief Executive Officer of Torq Resources.

What is the significance of the Lead Independent Director position created by Torq Resources?

The Lead Independent Director position aims to improve the company's governance structure.

What options were granted to the Corporate Secretary of Torq Resources?

Tracy George, the Corporate Secretary, was granted 25,000 options exercisable for five years.

What was the previous role of Michael Kosowan before becoming Vice President of Capital Markets?

Michael Kosowan previously served as the CEO of Torq Resources before being appointed Vice President of Capital Markets.