Vancouver, B.C. / YOLOWIRE / March 27, 2025 / CMP MINING INC. (“CMP” or the “Company”) (CSE: $CMP) announces the appointment of Terri Anne Welyki as Chief Executive Officer. Ms. Welyki has 18 years of experience helping junior exploration companies with their business development. Ms. Welyki, who currently serves on the Board of Directors, will continue her role as a director.
The Company is grateful to Julia Stone, who has resigned as Chief Financial Officer and Corporate Secretary to pursue other opportunities: Ms. Welyki commented that “on behalf of the Board, I extend our sincere thanks to Ms. Stone for her dedication and contributions over the years. We wish her every success in her future endeavors.”
CMP has appointed Juciane Gomes as the Chief Financial Officer and Corporate Secretary. Ms. Gomes has extensive management experience and has worked for a number of Canadian exploration companies over the last five years.
CMP is pleased to announce that it has amended the agreement with Cariboo Rose Resources Ltd., reducing the cash payment obligation to nil for 2025 and reducing the annual exploration expenditures to $20,000 from $500,000 for the calendar year as the dates for exploration expenditures were extended by one year. The Company is now obligated to issue 200,000 common shares to Cariboo Rose Resources Ltd. by December 22, 2025.
Additionally, pursuant to its Stock Option Plan, the Company has granted stock options (the “Stock Options”) to directors and officers to purchase an aggregate of 375,000 common shares of the Company. The Stock Options will be exercisable at a price of $0.04 per share with an expiry of March 26, 2030.
About the Company
%CMPMining Inc. is a mineral exploration company focused on its %Coquigold Property located near Merritt, British Columbia. For further information, please refer to the Company's disclosure record on SEDARPLUS (www.sedarplus.ca) or contact the Company by email at afehr@facpa.ca or by telephone at (604) 375-5578.
On Behalf of the Board of Directors
Terri Anne Welyki
Chief Executive Officer & Director
Forward-Looking Information
Certain statements in this news release are forward-looking statements, including with respect to future plans, and other matters. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such information can generally be identified by the use of forwarding-looking wording such as “may”, “expect”, “estimate”, “anticipate”, “intend”, “believe” and “continue” or the negative thereof or similar variations. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect, including with respect to the Company’s business plans respecting the exploration and development of the Coquigold Property, the proposed work program on the Coquigold Property and the potential and economic viability of the Coquigold Property. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company, including but not limited to, business, economic and capital market conditions, the ability to manage operating expenses, and dependence on key personnel. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, anticipated costs, and the ability to achieve goals. Factors that could cause the actual results to differ materially from those in forward-looking statements include, the continued availability of capital and financing, litigation, failure of counterparties to perform their contractual obligations, loss of key employees and consultants, and general economic, market or business conditions. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The reader is cautioned not to place undue reliance on any forward-looking information.
The forward-looking statements contained in this news release are made as of the date of this news release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
The CSE has not reviewed, approved or disapproved the contents of this news release.
COMTEX_464011714/2848/2025-03-28T00:30:16