CopperBank Shareholders Overwhelmingly Approve Long-Term Incentive Plan At Special Meeting; Executive team additions announced



VANCAOUVER, BC / ACCESSWIRE / October 15, 2021 / CopperBank Resources Corp. (“Copper bank“or the”Society“) (CSE: CBK) (OTC PINK: CPPKF) (FRANKFURT: 9CP) is pleased to announce that earlier today Copperbank shareholders voted at the special meeting of shareholders (the”Meeting“) to approve the Company’s long-term incentive plan (the”LTIP“), as further described in the Company’s Management Information Circular dated September 14, 2021, with approximately 98% of the votes cast in favor of the new LTIP. In addition, the Company is pleased to announce key appointments within the management team.

As previously announced in the Company’s press release dated September 2, 2021, the Board of Directors of CopperBank has approved the grant of 9,650,000 stock options to eligible participants under the LTIP, which grant was subject to shareholder approval of LTIP. The grant, which will take effect effective today, allows each holder to purchase one common share of the Company for each option held at a price of $ 0.40 for a period of three years.

Management team appointments

The Company is also pleased to announce that Graham Richardson, Thomas Bissig and Zach Allwright will join the management team as Chief Financial Officer, Vice President of Exploration and Vice President of Projects and Assessments, respectively. Paul Harbidge, President and CEO, said, “I am very pleased to welcome Graham, Thomas and Zach to the CopperBank team as we work to advance our exciting copper projects in the mining districts. world class Arizona and Nevada. a testament to the quality of projects we have been able to attract three key senior people and look forward to leveraging their experience and expertise as we work to unlock the value inherent in CopperBank’s portfolio. “

Mr. Graham Richardson joined the Company on October 15, 2021 as Chief Financial Officer and is a Canadian CPA with over 10 years of mining finance experience and a proven track record in mining. adaptation and partnership with various levels of organizations to achieve desired goals. results. In his most recent role as Senior Director, Finance and Accounting at Fortuna Silver Mines Inc., Mr. Richardson was closely involved in the due diligence and financial integration activities in connection with the Roxgold acquisition, while also being also responsible for delivering quarterly reports and overseeing the finance function and head office in Vancouver. Previously, he was Assistant Controller, North America at Newmont, following the acquisition of Goldcorp in April 2019. Prior to his role at Newmont, he was Director, Finance Performance Management at Goldcorp after joining in 2016 and holding positions increasingly higher financial levels within the organization. Mr. Richardson began his career with Deloitte Touche Tohmatsu Limited in their mining practice in Vancouver and then in Melbourne, where he gained diverse experience working with operations in Canada, Australia, United States, Mexico and Australia. West Africa. Mr. Richardson holds a Bachelor of Commerce with Honors in Accounting from the Sauder School of Business at the University of British Columbia.

Dr. Thomas Bissig joined the Company on October 1, 2021, as Vice President of Exploration. Dr. Bissig is a geologist and geochemist with over 23 years of experience in exploration and applied research on types of porphyry and epithermal deposits across the Americas. Most recently, he has worked as a geoscientist, providing services ranging from deposit knowledge to regional exploration. From March 2017 to February 2020, he served as Director, Geochemistry for Goldcorp / Newmont, providing subject matter expertise to exploration teams across the Americas. From 2008 to 2017, he was Senior Research Associate at the Mineral Deposits Research Unit at the University of British Columbia (Vancouver, Canada) where he was responsible for several research and exploration programs on gold and copper, concentrated in the Andes, British Columbia, Nevada. and Eastern Europe. Dr Bissig was also a professor at the Universidad Catolica del Norte in Antofagasta, Chile, from 2004 to 2007 after graduating in 1997 with a degree in Earth Sciences from the Swiss Federal Institute of Technology (ETH) in Zurich. Dr Bissig did his doctoral research at Queen’s University in Kingston, Ontario, Canada, on the metallogeny of the El Indio epithermal belt in Chile and Argentina, and graduated in 2001.

Mr. Zach Allwright joined the company on October 15, 2021 as Vice President of Projects and Assessments. He is a qualified mining professional with 15 years of diverse international experience, specializing in asset optimization and technical assessments. In his most recent role as Director, North America for Mining Plus Consulting (part of the Byrnecut Group of Australia), he has successfully delivered a wide range of technical studies and asset valuations in team environments. Notable commitments include providing technical advice to GT Gold (supporting the subsequent acquisition by Newmont in May 2021), facilitating mining technical due diligence for Goldcorp culminating in the Newmont / Goldcorp merger in April 2019, leading to the transformation of the Lac Des Illes mine thanks to the implementation of the 2015-2018 sub-level caving and the advancement of the Pumpkin Hollow project (Nevada Copper) from an optimized concept to a first production between 2016 and 2018. Mr. Allwright (P.Eng) holds a Mining Engineering Degree from Western Australia. School of Mines and an MBA from the Curtin Graduate School of Business.

About CopperBank

CopperBank is a Canadian exploration company focused on advancing two copper projects in the United States of America. The Company is listed on the Canadian Securities Exchange under the symbol “CBK”.

For more information, please contact:

Paul Harbidge, President and CEO

CopperBank Resources Corp.
Suite 1500, 409 Granville Street, Vancouver, British Columbia V6C 1T2

Telephone: 778-987-2761

THE SOURCE: CopperBank Resources Corp.

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