Greenheart Gold Appoints a New Director and a Senior VP Corporate Development

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Longueuil, Quebec, Nov. 27, 2024 (GLOBE NEWSWIRE) — Greenheart Gold Inc. is pleased to… (TSXV: GHRT) (“the Company” or “Greenheart Gold”) announces the appointment of Karim Michel Nasr to its Board of Directors and a member of its Board of Directors. Doug Fleig is Senior Vice President of Corporate Development.

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“We are very pleased to have Karim Nasr join our Board of Directors,” said David Fennell, CEO of Greenheart Gold. “Karim brings with him a wealth of experience in capital markets and corporate strategy and will be a great asset to Greenheart Gold as we position the company for future growth.”

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Mr. Nasr has over 25 years of experience in corporate finance and investments, particularly in the technology, media and telecommunications (TMT) and mining sectors. He is currently the Chief Investment Officer and Managing Partner at G Mining Capital. Mr. Nasr joined La Mancha Resource Capital in 2018 as CFO and served as Managing Partner and Co-Chief Investment Officer from 2019 to October 2024. From 2011 to 2017, he was CEO of Digital World Capital LLP, a Alternative assets company. A specialist TMT manager who advises clients on special situation investments. From 2001 to 2011, Mr. Nasr was a member of the Executive and Investment Committee of Wind Telecom and Orascom Telecom, and was responsible for corporate finance, raising more than US$68 billion in capital and closing more than US$67 billion of mergers and acquisitions. Mr. Nasr previously served on the boards of directors of G Mining Ventures Corp. and Horizonte Minerals plc. Elemental Altus Royalties Corp and Golden Star Resources Ltd. Mr. Nasr holds a master’s degree in management from the University of Paris IX.

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Justin van der Toorn, President and CEO of Greenheart Gold, commented: “We are pleased to welcome Doug to Greenheart Gold’s senior management team. The combination of Doug’s technical background in geology and over 38 years in various positions in the capital markets , is well suited to help the company achieve its goal of maintaining a strong financial position and a supportive shareholder base.

Mr. Fleig has over 38 years of mining finance experience including senior positions in research, portfolio management and global equity sales. Previously, Mr. Fleig was Managing Director of Global Mining Sales at BMO Capital Markets, where he was involved in raising $35 billion in more than 200 corporate financings. Since 2016, Doug has worked closely with boards and senior executive teams of small mining companies, most recently with Reunion Gold, where he provides business development, strategy and financial advice. Mr. Flegg is a CFA charterholder and has earned an MBA and a B.S. He holds a PhD in Geology from Queen’s University, Kingston, and has experience as an exploration geologist.

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Granting stock options

The Company also announces that it has granted incentive stock options to purchase up to an aggregate of 6,750,000 common shares of the Company at an exercise price of $0.60 to certain key officers, directors, employees and consultants of the Company pursuant to the Company’s stock option. He plans. Stock options are exercisable for a period of five years ending on November 26, 2029, and are vested in three tranches over a two-year period. The grant of options is subject to the approval of the TSX Venture Exchange.

About Greenheart Gold Company

Greenheart Gold is an exploration company that builds on a proven legacy of discoveries within the Guiana Shield, a highly promising geological area that contains numerous gold deposits but remains relatively unexplored. The company is led by former executives and Reunion Gold’s exploration team, a team most recently known for discovering and identifying the multi-million-ounce Oko West deposit in Guyana, which was sold to G and developed into production mining projects. Greenheart Gold intends to leverage its technical knowledge, strong relationship base and success from exploration in the Guiana Shield to assemble, maintain and explore a portfolio of early-stage exploration projects in Guyana and Suriname that are expected to have pristine gold deposits.
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Greenheart Gold trades on the TSX Venture Exchange under the symbol “GHRT.” Additional information about the company is available on SEDAR+ (www.sedarplus.ca) and the company’s website (www.greenheartgold.com).

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For more information, please contact:

Green Heart Gold Company

Justin van der Toorn, President and CEO, O
Doug Fleig, CFA, Senior Vice President of Corporate Development
E: d.flegg@greenheartgold.com
E: info@greenheartgold.com
Phone: +1 450-800-2882

Cautionary statement regarding forward-looking information

All statements, other than statements of historical fact, contained in this press release constitute “forward-looking information” and “forward-looking statements” within the meaning of certain securities laws and are based on expectations and projections as of the date of this press release. He releases. Forward-looking statements in this press release include, but are not limited to, those relating to the Company’s plans and objectives.

Forward-looking statements are based on beliefs, expectations, estimates and projections as of the time of this press release. Forward-looking statements are necessarily based on a number of estimates and assumptions that, although considered reasonable by the Company as of the time such statements are made, are inherently subject to significant business, economic and competitive uncertainties and contingencies. These estimates and assumptions may turn out to be incorrect. Many of these uncertainties and contingencies can directly or indirectly affect, and could cause, actual results to differ materially from those expressed or implied by any forward-looking statements. By their nature, forward-looking statements involve inherent risks and uncertainties, both general and specific in nature, including, among others, those risks and uncertainties set forth in the Listing Application (Form 2B) dated August 30, 2024, and management’s discussion and analysis. For the three months ended September 30, 2024 and other documents and reports filed by the Company with Canadian securities regulators and available under the Company’s profile on SEDAR+ at www.sedarplus.ca, the risk that estimates, forecasts, forecasts and other forward-looking statements will not be achieved or that assumptions will not reflect future results. Forward-looking statements are provided for the purpose of providing information about management’s expectations and plans regarding the future. Readers are cautioned not to place undue reliance on such forward-looking statements because a number of important risk factors and future events could cause actual results to differ materially from the beliefs, plans, objectives, expectations, projections, estimates, assumptions and intentions expressed in such forward-looking statements. The Company cautions that the list of factors set forth in the Company’s filings that may affect future results is not exhaustive, and new, unanticipated risks may arise from time to time. The Company disclaims any intention or obligation to update or revise any forward-looking statements or to explain any material difference between subsequent actual events and such forward-looking statements, except to the extent required by applicable law.

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 press release.

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