GT Gold Announces the appointment of Ms. Lana Shipley as a Non-Executive Director

VANCOUVER, British Columbia, Sept. 16, 2020 (GLOBE NEWSWIRE) -- GT Gold Corp. ("GT Gold" or the "Company") (TSX-V: GTT) today announced the appointment of Ms. Lana Shipley as non-executive director of GT Gold. The appointment aligns with the Company’s continuous improvement strategy through the expansion of expertise and diversity of personnel at the Board of Directors (“the Board”) level. A corporate lawyer specializing in Indigenous and environmental law, Ms. Shipley will contribute significant expertise relevant to the Company’s operations on and around the traditional territories in northwestern British Columbia, where the Tatogga property is located. 

“On behalf of the Board, I am thrilled to welcome Lana and look forward to working together in leveraging her insight and experience,” commented Mr. Ashwath Mehra, Executive Chairman of GT Gold. “Lana's experience and understanding of Indigenous and environmental law in relation to project development in the mining industry will be a huge asset for us as we as we build on the momentum of our maiden resource estimate and chart the future of GT Gold in this exciting new area of prospectivity in British Columbia.”

Ms. Shipley has over 14 years of experience practicing corporate and commercial law in Canada. She is a Partner at Lawson Lundell LLP in Vancouver, working with public and private companies in a wide range of industries, including mining, energy and natural resources, and advising public companies on regulatory matters, continuous disclosure and corporate governance practices. Ms. Shipley’s Indigenous and environmental law practice involves assisting with the negotiation of impact benefit and other agreements with Indigenous groups in relation to proposed developments, as well as permitting and regulatory matters that arise in the development of both large and small projects. Ms. Shipley holds both a B.A.Sc. and an LL.B. from the University of British Columbia.    

The appointment is effective immediately. Ms. Shipley will be nominated for election at the Company’s next Annual General Meeting.

Options Granted to New Appointee

In connection with the Board appointment, the Company has issued 300,000 stock options at an exercise price of $1.55 per option, and valid for a period of five years from the date of grant. The options vest in three equal tranches as follows: one-third at one year from the date of grant, an additional third at two years from the date of grant, and the final third three years from the date of grant.