Vancouver, British Columbia – March 14, 2019 – Riley Resources Corp. (“Riley” or the “Company”) (TSXV: RLY) is pleased to announce the appointment of Dr. Stuart Smith to the Board of Directors.
Dr. Smith has 30 years global exploration experience spanning the spectrum from global project generation to mine geology with a track record of discovery in brownfield and greenfield arenas.
Most recently Dr. Smith was Technical Director – Strategy & New Projects for Teck Resources Ltd., based in Vancouver, Canada. In this role Stuart lead the team with global responsibility for new exploration project review and capture. Prior to that Stuart held the role of Specialist – Global Copper for Teck, based in Santiago, Chile in which he had responsibility for Teck’s global Cu exploration portfolio. Prior to joining Teck, Stuart was Chief Geologist for the Oxiana-OZ Minerals-MMG group of companies and subsequently with the founders of Oxiana in the G-Resources, Tigers Realm and EMR companies. In these roles Stuart was responsible for activities across the full spectrum from global project identification and review to brownfields exploration and in-mine resource evaluation.
Dr. Smith holds a BSc (Hons 1) degree from the University of New England, Armidale, Australia and a PhD from CODES at the University of Tasmania, Australia.
“We are excited to have Stuart join and strengthen Riley’s team. His world-class technical experience will help the Company in sourcing and reviewing additional opportunities to achieve growth-oriented results for its shareholders”, stated Mr. William Lamb, Executive Chairman of Riley.
Stock Options Granted
The Company also announces that, pursuant to its stock option plan, it has granted 100,000 incentive stock options to Dr. Smith, subject to certain vesting provisions. These options will be exercisable at a price of $0.15 per common share and will expire on March 12, 2029. The grant of the options and the appointment of Dr. Smith are subject to regulatory approval.
ON BEHALF OF THE BOARD
Riley Resources Corp.
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