Turmalina Strengthens Board & Advisory Committee
Vancouver, BC - Turmalina Metals Corp. (“Turmalina”, or the “Company”; TBX-TSXV, TBXXF-OTCQX, 3RI-FSE) is pleased to announce the appointment of Miguel Inchaustegui’s return to the Company’s Board of Directors effective April 3, 2024. Mr. Inchaustegui will be an independent director as well as a Member of the Audit Committee. The Company is also pleased to announce the appointment of Michael Carew to the Company’s Advisory Board.
Luis Miguel Inchaustegui Zevallos was born in Lima, Peru and is a lawyer graduated from the University of Lima, with an MBA from the San Ignacio de Loyola University and has taken Negotiation courses at the Kellogg School Management of Northwestern University.
Mr. Inchaustegui is a consultant on strategic issues, corporate affairs and sustainable development, currently advises some mining companies when required, is an independent director of Alta Copper (before Candente Copper),OCP Cobriza, APC Corporacion, is a consultant for a transparency initiative in Peru carried out by the organization Resources For Development (R4D), writes articles in business and mining newspapers in Peru and participates as a speaker in some events on governance, mining and shared value.
Mr. Inchaustegui has more than 28 years of experience in the mining sector, during his years of experience, he has been Minister of Energy and Mines from August to November 2020, Consultant for External Products and Services (PEC) of the Inter-American Development Bank from March to August 2020, Independent Director of Turmalina Metals Corp in 2019 and 2020, he has also served as Vice Minister of Mines from May 2018 to April 2019 and as Vice President of Corporate Affairs and Sustainable Development of Gold Fields La Cima SA from April 2012 to September 2017 and as Vice President of Government Affairs and Deputy General Manager of Lumina Copper (Galeno project)
Mr. Carew holds a PhD in geology and has over 20 years’ corporate and capital markets experience. This includes a variety of exploration/business development roles for several small-cap explorers and multinational mining companies including Ivanhoe Mines in Mongolia and BHP Billiton in Australia. Michael was an equity analyst at Haywood Securities providing research and recommendations to both retail and institutional clients and has held executive positions at several Canadian-listed small-cap, junior explorers. This experience has facilitated the critical analysis of a variety of deposit and commodity types from both a technical and capital market perspective.
Grant of Stock Options and RSUs
The Company announces it has granted 150,000 restricted stock units (“RSUs”) to officers, directors, employees, and consultants of the Company under the terms of the Company’s restricted share unit plan (the “RSU Plan”) and which have a two-year vesting period.
Chanape Peru Update
Turmalina further announces that it has decided not to proceed with exercising its option on the Chanape Project, its copper-gold project in the Lima District, Peru. The Company will continue to focus on its current project in San Juan Province, Argentina, as well as and anticipates reviewing potential new projects in South America and globally.
On Behalf of the Company,
James Rogers, Chief Executive Officer and Director
Website: turmalinametals.com
Address: #1507 - 1030 West Georgia St, Vancouver, BC V6E 3V7.
For Investor Relations enquiries, please contact +1 833 923 3334 (toll free) or via info@turmalinametals.com.
Statements
About Turmalina Metals and our projects: Turmalina Metals is a TSXV-listed exploration company focused on developing our portfolio of high-grade gold-copper-silver projects in South America. Turmalina Metals is led by a team responsible for multiple gold-copper-silver discoveries. Our projects are characterised by open high-grade mineralization on established mining licenses that present compelling drill targets. The principal project held by Turmalina is the San Francisco project in San Juan, Argentina. For further information on the San Francisco Project, refer to the technical report entitled “NI43-101 Technical Report San Francisco Copper Gold Project, San Juan Province, Argentina” dated November 17, 2019 under the Corporation’s profile at www.sedar.com.
Forward Looking Statement: This news release includes certain statements that may be deemed “forward-looking statements”. All statements in this news release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although the Company 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 may differ materially from those in the forward-looking statements. Forward looking statements in this news release include the anticipated use of proceeds of the Offering. Factors that could cause the actual results to differ materially from those in forward-looking statements include market prices, continued availability of capital and financing, and general economic, market or business conditions, as well as legal, social, and economic conditions in Argentina and Peru, where the Company’s mineral exploration properties are located. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.
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 or has in any way approved or disapproved of the contents of this press release.