Fireweed Announces Management Change and Adds Strength to its Leadership

VANCOUVER, British Columbia, May 03, 2024 (GLOBE NEWSWIRE) -- FIREWEED METALS CORP. (“Fireweed” or the “Company”) (TSXV: FWZ; OTCQX: FWEDF; FSE: M0G) announces the appointment of Peter Hemstead, Director of Fireweed, as Interim President and Chief Executive Officer, replacing Brandon Macdonald, effective immediately.

The Company also announces the appointment of Adam Lundin as Strategic Advisor, the appointment of Paul Harbidge as independent Director, and the intention to nominate Jamie Beck for election to the Board at the Company’s upcoming annual general meeting of shareholders.

Chair Statement

John Robins, Chair, stated, “On behalf of the Board, I would like to thank Brandon for the role he has played in helping build Fireweed into one of Canada’s leading base-metal exploration companies. We are now at an important inflection point to further unlock the district-scale metallogenic potential of the Macpass district. With the backing of the Lundin family as our largest shareholder and the expertise and network of the Lundin Group, we are now positioned to advance this district through its next phase of growth. We appreciate Peter stepping up and leading the Company in the interim.”

Adam Lundin Statement

Adam Lundin stated, “We believe Macpass is a district-scale opportunity that we have only scratched the surface of. We look forward to supporting Fireweed’s exploration team as they continue to uncover the full potential of this district, define its true scale and take the Company to the next stage of growth we envision. I also welcome Paul Harbidge, who has advanced a global portfolio of high-quality exploration assets as Senior Vice President of Exploration at Goldcorp and as president of GT Gold, and Jamie Beck, who has been a key part of the Vicuña District’s growth and success.”

Appointments/ Nominations

Peter Hemstead, Interim President and CEO

Mr. Hemstead has over 25 years of management and finance experience in the mining industry. He was appointed as President, CEO and Chair of the Board of Bluestone Resources Inc. after serving as the CFO of Bluestone since 2016. Prior to that, Mr. Hemstead spent 10 years in a senior financial executive role at Capstone Mining Corp. (now Capstone Copper Corp.), leading the finance team through the successful expansion from an exploration and development stage mining company to an intermediate copper producer with multiple operations, including within the Yukon Territory. Mr. Hemstead is a Chartered Professional Accountant with an Honours Bachelor Degree in Economics from the University of Western Ontario.