VANCOUVER, BC, Feb. 7, 2022 /CNW/ - Trillium Gold Mines
Inc. (TSXV: TGM) (OTCQX: TGLDF) (FRA: 0702) ("Trillium Gold" or the
"Company") announces that further to its news release of
February 4, 2022, Mr. Robert Schafer has stepped down from his
position as non-Executive Chairman effective immediately to focus
on other commitments.
Russell Starr, Trillium Gold's
President, CEO and Director has assumed the position of Chairman on
an interim basis.
Russell Starr commented, "Bob has
served as a Director of the Company since July 2020 during which time he has made
innumerable contributions to the Company's growth. We wish to
express our sincerest gratitude for his dedicated commitment as we
look ahead to launch Trillium Gold into a new era in gold
exploration in the Red Lake Mining District."
On behalf of the Board of Directors,
Trillium Gold Mines Inc.
Russell Starr
Chairman, President & CEO
Visit our website at www.trilliumgold.com.
About Trillium Gold Mines Inc.
Trillium Gold Mines Inc. is a growth focused company engaged in
the business of acquisition, exploration and development of mineral
properties located in the Red Lake Mining District of Northern Ontario. As part of its
regional-scale consolidation strategy, the Company has assembled
the largest prospective land package in and around the Red Lake mining district in proximity to major
mines and deposits, as well as the Confederation Lake and
Birch-Uchi greenstone belts. Recent examples are the
acquisition of the Willis property southwest of and contiguous to
the Newman Todd complex, and a definitive agreement giving the
Company control over a significant portion of the Confederation
Lake Greenstone Belt to more than 100 km in length. In
addition, the Company has interests in highly prospective
properties in Larder Lake, Ontario
and the Matagami and Chibougamau areas of Quebec.
Neither 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.
Cautionary note regarding forward-looking
statements
This news release contains forward-looking information, which
involves known and unknown risks, uncertainties and other factors
that may cause actual events to differ materially from current
expectations.
Forward-looking information is based on management's
reasonable assumptions, estimates, expectations, analyses and
opinions, which are based on management's experience and perception
of trends, current conditions and expected developments, and other
factors that management believes are relevant and reasonable in the
circumstances, but which may prove to be incorrect. Such
factors, among others, include: impacts arising from the global
disruption caused by the Covid-19 coronavirus outbreak, business
integration risks; fluctuations in general macroeconomic
conditions; fluctuations in securities markets; fluctuations in
spot and forward prices of gold or certain other commodities;
change in national and local government, legislation, taxation,
controls, regulations and political or economic developments; risks
and hazards associated with the business of mineral exploration,
development and mining (including environmental hazards, industrial
accidents); inability to obtain adequate insurance to cover risks
and hazards; the presence of laws and regulations that may impose
restrictions on mining; employee relations; relationships with and
claims by local communities and indigenous populations;
availability of increasing costs associated with mining inputs and
labour; the speculative nature of mineral exploration and
development (including the risks of obtaining necessary licenses,
permits and approvals from government authorities); and title to
properties.
Readers are cautioned not to place undue reliance on these
forward-looking statements, which speak only as of the date of this
press release. The Company disclaims any intention or obligation,
except to the extent required by law, to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise.
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SOURCE Trillium Gold Mines Inc.