Strongbow Exploration Inc.
TSX VENTURE : SBW

Strongbow Exploration Inc.

September 01, 2015 08:30 ET

Strongbow Announces Corporate Changes and New Director

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sept. 1, 2015) - Strongbow Exploration Inc. (TSX VENTURE:SBW) is pleased to announce the following corporate changes / additions:

  • The appointment of Mr. Richard Williams as President and CEO of the Company.
  • The addition of Mr. John Burzynski to the Board of Directors.
  • Kenneth Armstrong has resigned as President and CEO, but will remain as a member of Strongbow's Board of Directors.

Richard Williams also serves as CEO of Helio Resource Corp. (TSX VENTURE:HRC), an exploration company with projects in Tanzania and Namibia. Richard has over 25 years of experience in the mining and mineral exploration sector principally in southern Africa, and south and Central America. Richard has spent the last 12 years in public company corporate management, and has developed a wide network of business and financial contacts that will be beneficial to the growth of Strongbow. Richard also serves as a Director for Rockridge Capital Corp. (TSX VENTURE:RRC).

John Burzynski, P.Geo., is the President and CEO and a Director of Oban Mining Corporation (TSX:OBM). He is also the Senior Vice-President, New Business Development and Director with Osisko Gold Royalties Ltd. (TSX:OR). John has over 25 years experience as a professional geologist on international mining and development projects, including work from acquisition to production on Canada's largest gold mine, Canadian Malartic. He was one of the three founding members of Osisko Mining Corporation, and was also a founding member of EurAsia Holding AG and EurAsia RH, a private European resource investment group. John was a co-winner of the Prospectors and Developers Association of Canada's "Prospector of the Year Award" for 2007, and among other awards was named, together with Sean Roosen and Robert Wares, as "Mining Men of the Year" for 2009 by The Northern Miner. John is also a member of the Board of Directors of Condor Petroleum Incorporated (TSX:CPI).

Outlook

The Company recently completed the acquisition of the Coal Creek and Sleitat tin projects in Alaska as well as a concurrent $1 million private placement. As a result of these transactions, Osisko Gold Royalties is now the Company's largest shareholder, controlling 27.3% of the issued and outstanding share capital of Strongbow (please see Strongbow's news release dated July 24, 2015 for details).

STRONGBOW EXPLORATION INC.

D. Grenville Thomas, Chairman and Director

The TSX Venture Exchange has not reviewed, and does not accept responsibility for the adequacy of this release.

This news release contains "forward-looking statements" including but not limited to statements with respect to Strongbow's plans, the estimation of a mineral resource and the success of exploration activities. Forward-looking statements, while based on management's best estimates and assumptions, are subject to risks and uncertainties that may cause actual results to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: risks related to the successful integration of acquisitions; risks related to general economic and market conditions; closing of financing; the timing and content of upcoming work programs; actual results of proposed exploration activities; possible variations in mineral resources or grade; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes, title disputes, claims and limitations on insurance coverage and other risks of the mining industry; changes in national and local government regulation of mining operations, tax rules and regulations. Although Strongbow has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Strongbow undertakes no obligation or responsibility to update forward-looking statements, except as required by law.

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