05 May Press Release, 5th May 2016
ROYAL ROAD MINERALS ANNOUNCES RESIGNATION OF DIRECTOR
May 5, 2016 – Toronto, Ontario: Royal Road Minerals Limited (TSXV:RYR) (“Royal Road Minerals” or the “Company”), a gold focused mineral exploration and development company, announces with regret, that Mr Hugh Devlin has resigned from the Board of Directors due to ill-health.
“Hugh Devlin was a co-founder of Royal Road Minerals and of Lydian International” stated Tim Coughlin, Royal Road Minerals’ President and CEO. “Hugh has been a valued friend and colleague of mine for eleven years. He has helped guide two start-up companies through their growing pains, he has been instrumental in keeping our team safe and secure and in helping us forge strong and lasting bonds with our communities and other local stakeholders. It goes without saying that we will all miss him. On behalf of our team, his old friends and the local communities he worked with, we wish him strength in his current battle with his health and we look forward to him recovering quickly to full vigor and vitality”
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.
This news release may contain certain information that constitutes forward-looking statements. Forward-looking statements are frequently characterized by words such as “plan,” “expect,” “project,” “intend,” “believe,” “anticipate” and other similar words, or statements that certain events or conditions “may” or “will” occur and include statements regarding the Option Agreement. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. These factors include the inherent risks involved in the hiring and retention of directors and officers, exploration and development of mineral properties, mine site planning and development, the uncertainties involved in interpreting drilling results and other geological data, fluctuating metal prices, permitting and licensing and other factors described above and in the Company’s most recent annual information form under the heading “Risk Factors”, which has been filed electronically by means of the Canadian Securities Administrators’ website located at www.sedar.com. The Company disclaims any obligation to update or revise any forward-looking statements if circumstances or management’s estimates or opinions should change. The reader is cautioned not to place undue reliance on forward-looking statements.
For further information please contact:
Dr. Tim Coughlin
President and Chief Executive Officer
USA-Canada toll free 1800 6389205
+44 (0)1534 887166
+44 (0)7797 742800