Signature Resources Ltd.

July 16, 2015 17:53 ET

Signature Resources Appoints Stephen Timms to the Board of Directors

TORONTO, ONTARIO--(Marketwired - July 16, 2015) -


Signature Resources Ltd. ("Signature" or the "Company") (TSX VENTURE:SGU) announced today the appointment of Stephen Timms and IBM Executive, to the Board of Directors and Audit Committee. Mr. Timms has enjoyed a successful award-winning 26 year career at IBM Canada and brings years of broad-based functional expertise in operations, business transformation, change management and finance to the Signature Board of Directors. He is also an avid investor in and follower of the junior mining resource sector.

"I'd like to extend a warm welcome to Stephen. His experience in a best practice organization such as IBM is invaluable to Signature's Board," commented Walter Hanych, President and CEO of Signature Resources. "We are building a strong Board of Directors and Stephen's expertise in business transformation and change management will be invaluable to the board. As an experienced investor in the junior mining space, he has witnessed the market fluctuations of the past few years and we look forward to his perspective and advice as we move forward with our Lingman Lake historic gold deposit."

Mr. Timms has been granted 250,000 stock options of the Company with an exercise price of $0.05, subject to a vesting schedule and expiring five years from the date of issuance.

About Signature Resources:

Signature Resources Ltd. is an exploration company, publicly traded on the TSX Venture Exchange (TSX-V) under the symbol SGU, focused on the exploration and development of its Lingman Lake Property, located in Northwestern, Ontario. The property is at a preliminary stage and hosts a historic gold estimate which is to be evaluated to potentially bring the historic estimate to current compliant resource reporting.

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.

Information set forth in this news release may involve forward-looking statements under applicable securities laws. The forward-looking statements contained herein are expressly qualified in their entirety by this cautionary statement. The forward-looking statements included in this document are made as of the date of this document and the Corporation disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation. Although Management believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. This news release does not constitute an offer to sell or solicitation of an offer to buy any of the securities described herein and accordingly undue reliance should not be put on such.

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