Warrior Gold’s Carroll quits as chairman

Nov 27, 2018

2018-11-26 08:08 ET – News Release

Mr. Malcolm Burke reports

WARRIOR GOLD ANNOUNCES KEY BOARD CHANGE AND REVIEW

Paul Carroll, Warrior Gold Inc.’s executive chairman, has resigned as executive chairman and director effective immediately. Mr. Carroll’s employment contract will terminate on Nov. 30, 2018, and he has agreed to waive the notice terms in the agreement

Malcolm Burke, director, stated, “On behalf of the board of directors, we wish to thank Paul for his significant contributions to the company over the past six years.” His industry experience at the highest levels has provided the company with valuable guidance during challenging periods in the resource markets. Mr. Carroll remains a significant shareholder and corporate supporter.

Corporate review

The company is undertaking a review of all overhead, administrative and other costs related to the management of the company. Management salaries, board remuneration and all outside advisory and consultant contracts are under evaluation.

About Warrior Gold Inc.

Warrior Gold is the 100-per-cent owner of the Goodfish-Kirana property located five kilometres from the centre of the town of Kirkland Lake, Ont. The property is located in the historical Kirkland Lake gold camp, where over 40 million ounces of gold have been produced and which is situated in the prolific Abitibi greenstone belt, which is recognized as one of the world’s highest-grade greenstone belts with over 200 million ounces of gold produced to date.

The Goodfish-Kirana property is 10 kilometres long by three kilometres wide (34 square kilometres/3,418 hectares) and contains two major structural trends: the east-west-trending Kirana deformation zone (approximately eight kilometres) and the northeast-trending Goodfish deformation zone (approximately two kilometres). The Goodfish-Kirana property contains numerous historical gold showings, including 18 historical pits and shafts, as well as the historical Goodfish mine (1930s) and the Kirana Kirkland mine (1900s).

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