TRU Announces Change of Corporate Secretary

Rhea-AI Summary

TRU Precious Metals Corp. (TSXV:TRU)(OTCQB:TRUIF) announced that Heran Zhou will step down as Corporate Secretary effective February 1, 2025, with Olga Nikitovic, the Company's President and CFO, assuming the additional role. The company's main asset is the Golden Rose Project, a 297.50 km² land package in Central Western Newfoundland, which is subject to an Earn-In Agreement with Eldorado Gold Under this agreement, Eldorado can earn an 80% interest by funding CAD15.25M in cash payments and exploration expenditures over 5 years.

The Golden Rose Project is strategically located along the 45 km gold deposit-bearing Cape Ray - Valentine Lake Shear Zone, between Calibre Mining's Valentine Project and AuMEGA Metals' Cape Ray Gold Project. TRU is approximately 36%-owned by European investor Ormonde Mining plc.

Positive

• Earn-In Agreement with Eldorado Gold worth CAD15.25M over 5 years
• Strategic land position of 297.50 km² along proven gold-bearing trend
• Government financial support through Junior Exploration Assistance Program

Negative

• None.

TORONTO, ON / ACCESS Newswire / January 31, 2025 / TRU Precious Metals Corp. (TSXV:TRU)(OTCQB:TRUIF)(FSE:706) ("TRU" or the "Company") announces that Heran Zhou will be stepping down from his role as Corporate Secretary effective February 1, 2025. Mr. Zhou has held the position since October 1, 2022.

Olga Nikitovic, the Company's President and Chief Financial Officer will assume the additional role of Corporate Secretary.

The Board would like to thank Mr. Zhou for his invaluable contributions to the Company and wish him success in his future endeavors.

TRU (TSXV:TRU)(OTCQB:TRUIF)(FSE:706) is on a mission to build long-term shareholder value through prudent natural resource property development. The company's flagship project is the Golden Rose Project a regional-scale 297.50 km2 land package in Central Western Newfoundland (includes a 33.25 km² package of claims over which TRU has an option with TSX-listed Quadro Resources to acquire up to an aggregate 65% ownership) which straddles a 45 km strike length along the gold deposit-bearing Cape Ray - Valentine Lake Shear Zone, directly between Calibre Mining's Valentine Project and AuMEGA Metals' Cape Ray Gold Project. TRU is currently focused on efficiently discovering the full gold and copper potential at Golden Rose, targeting continuity along this proven gold bearing trend. The Golden Rose Project is currently subject to an Earn-In Agreement with TSX-listed Eldorado Gold Corporation ("Eldorado"), whereby Eldorado has the option to fund CAD15.25M in cash payments and exploration expenditures over 5 years to earn an 80%-interest in the Golden Rose project. Please refer to our July 30^th, 2024 press release for further details of the agreement.

TRU is approximately 36%-owned by European strategic investor Ormonde Mining plc (AQSE:ORM).

For further information about TRU, please contact:

Steve NICOL
CEO
TRU Precious Metals Corp.
Phone: 1-855-760-2TRU (2878)
Email: ir@trupreciousmetals.com

To connect with TRU via social media, below are links:

X (formerly Twitter): https://twitter.com/TRUMetals
YouTube: https://www.youtube.com/@TruMetalsCorp
LinkedIn: https://www.linkedin.com/company/tru-precious-metals-corp/
Instagram: https://www.instagram.com/TRUMetals/
Facebook: https://www.facebook.com/TRUMetals/

Acknowledgement

TRU would like to thank the Government of Newfoundland and Labrador for financial support through the Junior Exploration Assistance Program and the Federal Government for its critical mineral assistance funding for the exploration activities at Golden Rose.

Forward-Looking Statements

This press release contains certain forward-looking statements. These statements are based on numerous assumptions regarding Golden Rose, the Company's exploration programs and results, and commodities prices that are believed by management to be reasonable in the circumstances, and are subject to a number of risks and uncertainties, including without limitation: mineralization hosted on adjacent and/or nearby properties is not necessarily indicative of mineralization hosted on Golden Rose; the exploration potential of Golden Rose and the nature and style of mineralization at Golden Rose; risks inherent in mineral exploration activities; volatility in precious metals and base metals prices; volatility in economic conditions and financial markets; and those other risks described in the Company's continuous disclosure documents. Actual results may differ materially from results contemplated by the forward-looking statements herein. Investors and others should carefully consider the foregoing factors and should not place undue reliance on such forward-looking statements. The Company does not undertake to update any forward-looking statements herein except as required by applicable securities laws.

This press release is solely the responsibility of TRU, and Eldorado is not in any way responsible or liable for the contents hereof.

Neither TSXV nor its Regulation Services Provider (as that term is defined in policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

SOURCE: TRU Precious Metals Corp.

View the original press release on ACCESS Newswire

FAQ

What is the value of Eldorado Gold's Earn-In Agreement with TRU Precious Metals (TRUIF)?

Eldorado Gold can earn an 80% interest in the Golden Rose project by funding CAD15.25M in cash payments and exploration expenditures over 5 years.

How large is TRU Precious Metals' (TRUIF) Golden Rose Project?

The Golden Rose Project is a 297.50 km² land package in Central Western Newfoundland, including a 33.25 km² package of claims under option with Quadro Resources.

Who is the new Corporate Secretary of TRU Precious Metals (TRUIF) as of February 1, 2025?

Olga Nikitovic, who is also the company's President and Chief Financial Officer, will assume the additional role of Corporate Secretary.

What is the strategic location of TRUIF's Golden Rose Project?

The Golden Rose Project is located along the 45 km Cape Ray - Valentine Lake Shear Zone, between Calibre Mining's Valentine Project and AuMEGA Metals' Cape Ray Gold Project.

Who is the major shareholder of TRU Precious Metals (TRUIF)?

European strategic investor Ormonde Mining plc (AQSE:ORM) owns approximately 36% of TRU Precious Metals.