TSX: TML
TORONTO, June 3, 2016 /CNW/ - Treasury Metals Inc.
("Treasury Metals" or the "Company"), today announced the
resignation of President and Chief Executive Officer Martin Walter. Mr. Walter, who has served in
this position since 2011 and who played a major role in
transitioning the Goliath Gold Project from exploration to
development has resigned effective immediately to pursue the CEO
role at Vena Resources, a Peruvian focused exploration company
where he had served in an interim capacity since late 2015.
Mr. Walter has also stepped down from the Company's Board of
Directors (the "Board"). An independent director of the Board,
William Fisher, has been appointed
as lead director during this interim phase.
The Board, through its Governance and Nominating Committee, has
retained the services of an executive search firm and has
commenced the process of identifying a new Chief Executive Officer
to lead the Company during its next phase of development.
Marc Henderson, Chairman of the
Board, said, "I would like to thank Martin for his contributions to
Treasury Metals and the Board and I wish him all the best with his
future endeavors. Under his leadership, our flagship Goliath Gold
Project near Dryden, Ontario has
grown considerably and has successfully transitioned from the
exploration stage to late stage permitting - and soon into
feasibility. Martin put a strong team in place and for Treasury, so
this is an opportune time for an experienced mine builder to join
the Company ahead of what is expected to be a production decision
sometime in 2017."
Martin Walter, said, "I would
like to thank the Treasury Metals team and Board for what was a
very successful and rewarding time for me as CEO and I wish the
Company the best for the continued development of the Goliath Gold
Project."
To view further details about the Goliath Gold Project or
Treasury Metals, please visit the Company's website at
www.treasurymetals.com.
Forward-looking Statements
This release includes
certain statements that may be deemed to be "forward-looking
statements". All statements in this release, other than statements
of historical facts, that address events or developments that
management of the Company expect, are forward-looking statements.
Actual results or developments may differ materially from those in
forward-looking statements. Treasury Metals disclaims any intention
or obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise,
save and except as may be required by applicable securities
laws.
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SOURCE Treasury Metals Inc.