Magellan Gold Appoints Mining Industry Veteran Michael Lavigne as President and Director

Gregory Schifrin joins the Company’s Board of Directors on the heels of recent acquisition of Clearwater Gold Mining Corporation

Wallace, Idaho, Aug. 04, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Magellan Gold Corporation (OTCQB: MAGE) (“Magellan” or the “Company”), a precious metals exploration and development company, today announced the appointment of Michael Lavigne as President and Director effective August 1, 2020. In addition to Mr. Lavigne, Gregory Schifrin was also appointed as Director, following the Company’s acquisition of Clearwater Gold Mining Corporation announced in July 2020.

Mr. Lavigne has been involved in the mining industry since 1975, when he worked underground for Helca Mining Company. After completing law school, Mr. Lavigne started a registered broker-dealer specializing in mining and resource companies. He was a member and on the board of directors for the Spokane Stock Exchange and was involved in a number of financings for exploration-stage companies. Mr. Lavigne has served in management and board positions for a number of exploration companies with projects in Idaho, Montana, Nevada, Utah, Wyoming and Alaska. Additionally, Mr. Lavigne is owner and Managing Partner of Capital Peak Partners, LLC, which provides consulting services in the area of corporate and business development to a number of mining companies. Mr. Lavigne received his BA in Accounting from the University of Idaho and JD from the Gonzaga University School of Law.

Mr. Schifrin has worked as a geologist and manager for over 36 years in the mining and mineral exploration industry, where he has been involved in precious base metals, rare earth and uranium exploration and project development. He has provided technical and project management services for hundreds of mining projects of major and junior mining companies, from grassroots through the drilling and development phases. Mr. Schifrin has served as an executive or director at various mining companies, including Idaho Champion Gold Mines USA, Inc., Blackrock Gold Corp., WestMountain Gold, Inc., Silver Verde May, Cyclone Uranium Corp., U.S. Rare Earth, Inc., and Golden Eagle Mining. During his various tenures, he managed a broad range of functions including geologic evaluation, project development, infrastructure construction, mining, operations, production, project generation, land acquisition, as well as corporate finance, budgets, accounting, legal and regulatory, investors, and personnel. Mr. Schifrin earned a Bachelor of Science degree in Geology from the University of Idaho in 1983. He is a registered professional geologist in Washington State.