|September 25, 2019|
Silver Spruce Appoints Brian Penney as Interim CFO
September 25, 2019 - Bridgewater, NS - (TSXV:SSE) -- Silver Spruce Resources Inc. ("Silver Silver Spruce Resources Inc. (the "Company") announced today that it has appointed Dr. Brian Penney, PhD, DIC, P. Eng. as Interim CFO of the Company to replace Gordon H. Barnhill who passed away August 28, 2019.
Dr. Penney has been chairman of Silver Spruce Resources Inc. since 2016. He has also served as chairman of the audit committee since that time. He has extensive experience in guiding early stage companies, both as CEO and Chairman. Recent positions include founding CEO of TARA a Halifax-based Telecoms R&D firm, Chairman and CEO of Abridean Inc., a software company, in Halifax; Chairman and CEO of CarteNav Solutions Inc., a software company in Halifax; Chairman of Intertainment Media Inc., a TSX-V public company in Toronto; CEO and Chairman of e-djuster Inc. and Insin Ottawa.
Companies of which he was chairman or CEO have collectively increased shareholder value by over a billion dollars.
He has been a board member of several government and academic-industry boards, including the Communications Research Centre and CANARIE. Earlier in his career, he held various research and academic positions in physics and in computing science and worked as a software engineer, system architect and development manager at Bell Northern Research and other companies in the telecommunications industry.
Brian holds a Ph.D. in high energy nuclear physics from Imperial College of Science & Technology, University of London and is a professional engineer and is licensed as a commercial pilot.
About Silver Spruce Resources Inc.
Silver Spruce Resources Inc. is a Canadian junior exploration company pursuing development of the Pino De Plata project in western Chihuahua State in Mexico. The Company has signed a Letter of Intent to acquire 100% of the Melchett Lake Zn-Au-Ag project in northern Ontario, Canada, and a binding Letter of Agreement to acquire 100% of the advanced Cocula gold project in Jalisco State, Mexico. Silver Spruce Resources Inc. continues to investigate opportunities that Management has identified or that have been presented to the Company for consideration.
Neither 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. The company seeks Safe Harbour.
Silver Spruce Resources Inc.
Karl Boltz, President/CEO/Director
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