WARRIOR GOLD ANNOUNCES KEY BOARD CHANGE AND REVIEW
Vancouver, British Columbia – November 26, 2018 – Warrior Gold Inc. (TSX-V - WAR) (“Warrior Gold” or the “Company”) announces that Paul Carroll, the Company’s Executive Chairman has resigned as Executive Chairman and Director effective immediately. Mr. Carroll’s employment contract will terminate on November 30th 2018 and he has agreed to waive the notice terms in the agreement
Malcolm Burke, Director stated, “On behalf of the Board of Directors, we wish to thank Paul for his significant contributions to the Company over the past six years.” His industry experience at the highest levels has provided the Company with valuable guidance during challenging periods in the resource markets. Mr Carroll remains a significant shareholder and corporate supporter.
The Company is undertaking a review of all overhead, administrative and other costs related to the management of the Company. Management salaries, Board remuneration and all outside advisory and consultant contracts are under evaluation.
About Warrior Gold Inc.
Warrior Gold is the 100% owner of the Goodfish-Kirana Property located 5 kilometer from the center of the Town of Kirkland Lake, Ontario. The Property is located in the historic Kirkland Lake Gold Camp where over 40 million ounces of gold has been produced and situated in the prolific Abitibi Greenstone Belt, which is recognized as one of the world’s highest grade greenstone belts with over 200 million ounces of gold produced to date.
The Goodfish-Kirana Property is 10 km long by 3 km wide (34 km2) and contains two major structural trends; the East-West trending Kirana Deformation Zone (approximately 8 km) and the North-East trending Goodfish Deformation Zone (approximately 2 km). The Goodfish-Kirana Property contains numerous historical gold showings, including 18 historical pits and shafts, as well as the historical Goodfish Mine (1930s) and the Kirana Kirkland Mine (1900s).
For additional information please contact:
Danièle Spethmann, P.Geo, President & CEO
Warrior Gold Inc.
(647) 344-3433 | firstname.lastname@example.org
Malcolm Burke, Director
Warrior Gold Inc.
(604) 220-2000 | email@example.com
Joanne Jobin, Investor Relations Officer
Warrior Gold Inc.
(647) 964-0292 | firstname.lastname@example.org
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.
Forward-Looking Statements: This press release contains forward-looking statements. Forward-looking statements are frequently characterized by words such as "plan", "expect", "project", "intend", "believe", “anticipate", "estimate", "may", "will", "would", "potential", "proposed" and other similar words, or statements that certain events or conditions "may" or "will" occur. The forward-looking statements are based on certain key expectations and assumptions made by the Company. Although Warrior Gold believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because Warrior Gold can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. In addition to other risks that may affect the forward-looking statements in this press release are those set out in the Company’s management discussion and analysis of 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.