Vancouver, Canada – June 21, 2022 – Torq Resources Inc. (TSX-V: TORQ, OTCQX: TRBMF) (“Torq” or the “Company”) is pleased to announce that two current directors are changing management positions in order to better reflect the expected executive involvement of each person going forward. Shawn Wallace the current Board Chair is being appointed to Chief Executive Officer while Michael Kosowan will assume the office of Vice President of Capital Markets. Mr. Wallace will continue to serve as Chair of the Board of Directors of Torq, and Mr. Kosowan will continue to serve as a director. The Board has created the office Lead Independent Director and has appointed Steve Cook in that office.
CEO Shawn Wallace commented “I look forward to greater involvement with the day-to-day management of Torq than before. We thank Michael for all his past contributions as CEO and look forward to his help in developing our capital markets.”
The Company also announces that it is granting Ms. Tracy George, Torq’s Corporate Secretary, 25,000 options, which are exercisable for a period of five years from the date of grant.
ON BEHALF OF THE BOARD,
CEO & Chair
About Torq Resources
Torq is a Vancouver-based copper and gold exploration company with a portfolio of premium holdings in Chile. The Company is establishing itself as a leader of new exploration in prominent mining belts, guided by responsible, respectful and sustainable practices. The Company was built by a management team with prior success in monetizing exploration assets and its specialized technical team is recognized for their extensive experience working with major mining companies, supported by robust safety standards and technical proficiency. The technical team includes Chile-based geologists with invaluable local expertise and a noteworthy track record for major discovery in the country. Torq is committed to operating at the highest standards of applicable environmental, social and governance practices in the pursuit of a landmark discovery. For more information, visit www.torqresources.com.
Forward Looking Information
This release includes certain statements that may be deemed “forward-looking statements”. Forward-looking information is information that includes implied future performance and/or forecast information including information relating to, or associated with, exploration and or development of mineral properties. These statements or graphical information involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements of the Company to be materially different (either positively or negatively) from any future results, performance or achievements expressed or implied by such forward-looking statements. See Torq’s public filings at ww.sedar.com for disclosure of the risks and uncertainties faced in this business.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.