August 26th , 2015
Silver Predator Announces the Re-election of Board Members and Election of Directors William A. Lupien and Michael G. Maslowski
Toronto, Ontario, August 26th, 2015: Silver Predator Corp. (TSX.V:SPD) (the “Company” or “Silver Predator”) is pleased to announce that at its Annual General Meeting (AGM), held August 21, 2015, the Company’s shareholders re-elected William M. Sheriff, Nathan A. Tewalt, Piers McDonald and William B. Harris to the Board of Directors. Two newly elected members, William A. Lupien and Michael G. Maslowski will begin their term effective immediately.
William A. Lupien- Director
Mr. Lupien has been an innovator in the public financial markets. His career in the securities business began at the California -based brokerage firm of Mitchum, Jones & Templeton (MJT) Inc. in 1965, where he eventually served as President. In 1983, as CEO and Chairman of Instinet Corporation, he successfully expanded the market reach of the world’s first electronic stock trading system. As Chairman and CEO of OptiMark Technologies Inc. he co-invented the OptiMark trading system designed for stock markets around the world. From 2005 to 2014, Mr. Lupien served as the investment manager for Kudu Partners LP.
Mr. Lupien now serves as Chief Investment Officer of Till Capital Ltd. Mr. Lupien previously served on the Securities and Exchange Commission’s Advisory Committee dedicated to the development of a national market system and also served as a Governor of the Pacific Stock Exchange. He has previously served as Chairman of Instinet (1983 – 1989, MJT (1989 – 1996), and Optimark US Equities Inc. (1996 – 2001), and as Director of Energy Metals Corp., Gold One International Ltd., Uranium One Inc. and Midway Gold Corp. He is the co-author, with David Nassar, of the book Market Evaluation and Analysis for Swing Trading, and is a co-author of several papers on trading technology and early-stage company evaluation. Mr. Lupien is also a co-inventor on multiple patents related to electronic securities trading. He is a graduate of San Diego State University.
Michael G. Maslowski, BSc, CPG – Director
Mr. Maslowski is a geological engineer with a career spanning more than 35 years of varied experience in resource exploration and mining operations in diverse part of the world. He has directed grassroots exploration programs, developed properties from exploration to production and managed mining operations. He was the team leader for the discovery of the Diamond Hill Mine for Pegasus Gold in the 2 1990’s and advanced the mine to production. He worked for Coeur d’ Alene Mines for 10 years in positions that included Director of Exploration and Assistant General Manager for the Palmarejo Mine in Chihuahua, Mexico. More recently he was VP Exploration and Chief Operation Officer for Golden Predator Canada. Mr. Maslowski holds a B.Sc. in Geological Engineering from Colorado School of Mines, is a Certified Professional Geologist (CPG) with the American Institute of Professional Geologists (AIPG), a Qualified Person (QP) as defined by National Instrument 43-101 and a member of SME.
Silver Predator Corp.
Silver Predator owns the Springer Tungsten Mine and Mill Complex where the current PEA states a mineral resource estimate of 355,000 Indicated tons at an average grade of 0.537% containing 190,635 STU’s of WO3 and 1,933,600 Inferred tons at an average grade of 0.493% containing 952,326 STU’s of WO3 with an IRR of 47% after tax and an estimated capex of 29.8 million dollars(1) . The Springer facility was originally constructed and operated by General Electric Corp. in the late 1970’s and early 1980’s when the project was put on care and maintenance due to low tungsten prices. The mill was modernized by Golden Predator Corp. in 2007-2008.
The Company also holds the Taylor silver-gold project in Nevada. The Taylor project hosts a current resource estimate (2) , is open to expansion, and is located in a district that has identified the potential for discovery of additional silver and gold deposits(3) .
Mr. Mark C. Shutty, CPG, a Qualified Person as defined by National Instrument 43-101 and a consultant for the Company, has reviewed, verified and approved disclosure of the technical information contained in this news release.
For additional information:
William M. Sheriff
(208) 635 5415
1) National Instrument 43-101 Technical Report; Preliminary Economic Assessment of the Springer Tungsten Mine Pershing County, Nevada, by Associated Geosciences Ltd. dated December 31, 2013 (and effective August 20, 2012) filed on SEDAR. The preliminary economic assessment is preliminary in nature, it includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the preliminary economic assessment will be realized;
2) National Instrument 43-101 Technical Report; NI 43-101 of the Taylor Silver Project, White Pine County, Nevada, USA by Thomas H. Chadwick, Dean D. Turner, and Patrick J. Hollenbeck dated March 18, 2013 filed on SEDAR.
3) Silver Predator News Release dated June 17, 2014.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This press release contains projections and forward-looking information that involve various risks and uncertainties regarding future events. Such forward-looking information can include without limitation statements based on current expectations involving a number of risks and uncertainties and are not guarantees of future performance. There are numerous risks and uncertainties that could cause actual results and Silver Predators’ plans and objectives to differ materially from those expressed in the forward-looking information. Actual results and future events could differ materially from those anticipated in such information. These and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice. Except as required by law, Silver Predator assumes no obligation to update forward-looking information should circumstances or management’s estimates or opinions change.