Home Sports Forte Minerals appoints two strategic members to the Advisory Committee

Forte Minerals appoints two strategic members to the Advisory Committee


Forte Minerals Corp. (“Forte” or “Company”) (CSE: CUAU) (OTQB: FOMNF) (Frankfurt: 2OA), a junior mining exploration company, has combined assets with GlobeTrotters Resources Perú SAC to create an attractive portfolio of high-grade copper and gold assets in Peru. The company’s portfolio combines early-stage and drill-ready targets with a historically exposed and drilled porphyry system that is strategically positioned to develop copper and gold resources.

Forte Minerals is pleased to announce the appointment of two new strategic members to its advisory committee. These talented individuals have been appointed by the board of directors to provide advice and support on a wide range of issues related to exploration and mining initiatives in Peru as well as financial development of the company.

We are pleased and honored to welcome Ricardo Lab and Peter Espig to the team. Mr. Labó is a Minerals Economist with over 20 years of industry experience Peru , Latin America and Africa . His rich regional experience and strong political network are invaluable.

Mr. Espig is a financier and former vice president at Goldman Sachs with an impressive track record. He structured more US$2.0 billion in private equity and pre-IPO transactions on the principal side and is a SPAC pioneer, having completed more 1.0 billion dollars in transactions.

Ricardo Labo and Peter Espig join existing advisers’, Paul Johnston and Thomas Henriksen form a well-balanced advisory committee. The Committee will serve as an important complement to the Company’s Board of Directors and management and provide significant value in the form of contacts, perspectives, industry knowledge, as well as strategic input and financial guidance.

Ricardo Labo M.Sc . – mineral economist

Mr. Labó is now the country manager of the Peru for Element 29 (TSXV: ECU), Partner at LQG Energy and Mining Consulting, CEO of LQG Ambiental and Executive Director of the Australian Chamber of Commerce Peru.

He held several senior positions in the Ministry of Energy and Mines Peru including Deputy Minister of Mines, Advisor to the Minister of Energy and Mining, and Director of Mining Promotion and Development, where he successfully promoted responsible investment in mining exploration and development in the country. In the private sector, he held several executive positions at Rio Tinto, Roche, Phelps Dodge and Grupo Apoyo, has provided strategic consulting and advisory services to several international mining companies and institutions, and served on the board of directors of several private and public mining and energy companies.

Mr. Labo is a Peruvian graduate economist from the University of the Pacific ( Peru ), with a Master of Science degree. in the economics of minerals from Colorado School of Mining (USA), MA in Minerals Law and Policy from CEPMLP, University of Dundee (Scotland UK) and an MBA from the Adolfo Ibáñez School of Management ( Chile and the United States).

Peter Espig – Financial advisor

Since November 2013 , Mr. Espig was President and CEO of Nicola Mining Inc. (TSX-V: NIM). He took an active part in the implementation of mining projects and held the positions of manager and director of numerous mining companies. He has experience in investment opportunity analysis, capital raising, deal sourcing, financial structuring and corporate turnaround.

Mr. Espig served as Vice President of the Senior Finance and Securitization Group and the Asia Special Situations Group at Goldman Sachs Japan. Prior to joining Goldman Sachs, Mr. Espig was Vice President of Olympus Capital, a New York private equity firm where he was involved in corporate restructuring, investment analysis and financing negotiations for both domestic and international investments.

In 1989, Mr. Espig received his B.A University of British Columbia and later earned an MBA from Columbia Business School where he was a Chazen International Fellow.

Paul Johnston, PhD . – Technical advisor

Mr Johnston is a professional geologist with 30 years experience in the mining industry. His career as a mining geologist began at the Hemlo Gold field in Norand. In 1996, he joined the exploration team at Teck Resources Limited (TSX-V: TECK) and gained extensive international experience in early and advanced stage exploration, holding various technical and management roles in Southeast Asia , Australia , North America and South America including the Chief Regional Scientist in Geography South America . Mr. Johnston is currently a director on the board of directors of Nicola Mining Inc. (TSX-V: NIM)

He holds a PhD from King’s University and is a Fellow of the Association of Professional Engineers and Geoscientists British Columbia . Mr. Johnston’s extensive international experience in early and advanced stage gold, copper and zinc exploration is a great asset to the company.

Doctor of Philosophy Thomas Henriksen. – senior adviser-geologist

Dr. Henriksen is a highly respected economic geologist with over fifty years of exploration experience. He was one of the founders of Plan B Minerals Corp Forte Minerals Corp. Dr. Henriksen was a Mineral Exploration Association Laureate of British Columbia 2018 Colin Spence Award for Outstanding Achievement in Global Mineral Exploration. He received this significant award in recognition of his outstanding contribution to mineral discovery, as well as his involvement in some of the most monumental discoveries and acquisitions around the world.

Dr. Henriksen has successfully worked on 40 mineral exploration projects in more than 14 countries on 6 continents. In 2012, Dr. Henriksen served as Vice President of Exploration for Aegean Metals Group Inc., leading the senior field team for the discovery, evaluation and acquisition of two high-grade gold and copper deposits (VMS Hot Maden and Ergama) in Turkey . Prior to that, Dr. Henriksen served as Senior Field Geologist at Apoquindo Minerals Inc., which won a bid from Teck Resources to explore and develop a copper-gold deposit (Zafranal) in Peru resulting in more than 400 million tons of copper.

In addition to many other successful exploration projects, he served as a member of the Arctic Exploration Team that successfully located the Red Dog Mine in Alaska , now the world’s largest zinc reserves. Red Dog, which is operated by Teck Resources in partnership with NANA Development Corporation, had a 2017 gross profit of 971 million dollars . Prior to that, Dr. Henriksen led US Borax Inc.’s Esky Creek mine safety efforts. (a subsidiary of Rio Tinto), which during Dr. Henriksen’s tenure became the world’s top gold mine and the fifth largest silver mine by volume.

He has a bachelor’s degree in geology University of Wisconsin , and Ph.D. in economic geology from Oregon State University .

The company is committed to maximizing shareholder value through the acquisition, exploration, discovery and development of copper and gold projects in Peru. A rapid movement along the opportunity line to value maxima is very attractive to investors. Significant value growth is created when early-stage exploration moves toward resource identification, while target development zoning and early-stage de-risking are grassroots. All three of Forte’s properties offer this opportunity at a huge advantage given their geological potential.

On behalf of Forte Minerals CARP.
(signed)” Patrick Elliott
General director


Certain statements included in this press release are forward-looking information or statements (collectively, “forward-looking statements”), including those identified by the expressions “anticipate,” “believe,” “plan,” “estimate,” “expect”, “intend”, “may”, “should” and similar expressions to the extent they relate to the company or its management. Forward-looking statements are not historical facts, but reflect current expectations regarding future results or events. This press release contains forward-looking statements. These forward-looking statements are based on current expectations and various estimates, factors and assumptions and involve known and unknown risks, uncertainties and other factors.

Forward-looking statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Factors that could cause actual results to differ materially from forward-looking statements include the continued availability of capital and financing, and general economic, market or business conditions, including the effects of COVID-19. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement. These statements should not be construed as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that could cause actual results, performance or achievements to differ materially from those implied by such statements. Although such statements are based on management’s reasonable assumptions, there can be no assurance that the statements will prove to be accurate or that management’s expectations or estimates of future events, circumstances or results will be realized. The Company undertakes no obligation to update or revise forward-looking information to reflect new events or circumstances, except as required by law. Readers should not place undue reliance on the Company’s forward-looking statements.

Neither the Canadian Securities Exchange (“CSE”) nor its regulatory service provider (as that term is defined in CSE policies) is responsible for the adequacy or accuracy of this release.

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THE SOURCE Forte Minerals Corp.

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