Vancouver, British Columbia, March 27, 2023 – Westward Gold Inc. (CSE: WG, OTCQB: WGLIF, FSE: IM50) (“Westward” or the “Company”) is pleased to announce the appointment of Mr. Terry Salman, C.M. as Strategic Advisor to the Company.
Mr. Salman has been an industry leader in financing junior exploration and mid-to-large cap mining companies for the past 35 years. He started his career at Nesbitt Thomson in 1973, beginning as a Research Analyst and rising to the role of Executive Vice President and Director. At Nesbitt Thomson, Terry helped create the first dedicated mining team and established that firm’s first gold conference, which ultimately became Bank of Montreal’s Global Metals & Mining Conference now held annually in Hollywood, Florida.
Terry left Nesbitt Thomson in 1994 to form Salman Partners, where he was President, Chief Executive Officer, and Co-Director of Research. For 22 years, Salman Partners was a leading resource-based investment dealer known for its high-quality research and integrity. Over that time, Salman Partners helped raise an aggregate of $20 billion for over 400 companies. Currently, Terry is President & CEO of Salman Capital Inc., an investment advisory and merchant banking firm. Mr. Salman is also Chairman of New Pacific Metals Corp., one of the top silver development companies listed on the Toronto Stock Exchange and New York Stock Exchange.
Alongside his highly successful career, Terry has tirelessly devoted his services to many volunteer organizations, including fundraising for the Britannia Mine Museum, sitting on the Government of Canada’s Expert Panel on Securities Regulation, and serving as Chair of the Investment Dealers Association of Canada. Mr. Salman also served as Chairman of the Vancouver Public Library Foundation for sixteen years, and is currently Chairman Emeritus of St. Paul’s Hospital Foundation. He was a Director of the Prostate Cancer Research Foundation of Canada and a past Director of the Canadian Stem Cell Network. In 2009, he was awarded a Doctor of Technology “Honoris Causa” by the British Columbia Institute of Technology.
In recognition of his outstanding volunteer contributions, Terry Salman was awarded the Queen Elizabeth II Diamond Jubilee Medal in 2012. He was also a recipient of the Murray Pezim award in 2017 from the Association for Mineral Exploration B.C., the Public Service Star from the President of Singapore in 2021, and was inducted into the Order of Canada in 2022 for his remarkable contributions to the Canadian mining financial industry and his extensive philanthropic efforts.
You can read about Mr. Salman’s life’s work in his recently-published book “What We Give: From Marine to Philanthropist: A Memoir” available at https://www.whatwegivebook.com/.
Terry Salman, President & CEO of Salman Capital Inc., commented: “I’m pleased to be joining as a Strategic Advisor to Westward Gold, which has a district-scale land package in one of the most highly-prospective gold mining areas of the world.”
Andrew Nelson, CFO of Westward Gold, noted: “We are thrilled to have Terry Salman – a legend in mining finance – join the Westward Gold team. His strategic guidance will be invaluable to our growing company as we continue to unlock value at our district-scale land package in the Toiyabe region of Nevada’s Cortez Trend, along with our newly-acquired projects on the Carlin Trend. Mr. Salman’s appointment couldn’t come at a better time, as we enter a period of renewed interest in gold and gold equities.”
About Westward Gold
Westward Gold is a mineral exploration company focused on developing the Toiyabe, Turquoise Canyon, and East Saddle Projects located in the Cortez Hills area of Lander County, Nevada, and the Coyote and Rossi Projects located along the Carlin Trend in Elko County, Nevada. From time to time, the Company may also evaluate the acquisition of other mineral exploration assets and opportunities.
For further information contact:
Andrew Nelson
Chief Financial Officer
Westward Gold Inc.
+1 604 828 7027
Andrew@westwardgold.com
www.westwardgold.com
The Canadian Securities Exchange has neither approved nor disapproved the contents of this news release. The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this news release.
This news release contains or incorporates by reference “forward-looking statements” and “forward-looking information” as defined under applicable Canadian securities legislation. All statements, other than statements of historical fact, which address events, results, outcomes, or developments that the Company expects to occur are, or may be deemed, to be, forward-looking statements. Forward-looking statements are generally, but not always, identified by the use of forward-looking terminology such as "expect", "believe", "anticipate", "intend", "estimate”, “potential”, “on track”, “forecast", "budget", “target”, “outlook”, “continue”, “plan” or variations of such words and phrases and similar expressions or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved or the negative connotation of such terms.
Such statements include, but may not be limited to, information as to strategy, plans or future financial or operating performance, such as the Company’s expansion plans, project timelines, expected drilling targets, and other statements that express management’s expectations or estimates of future plans and performance.
Forward-looking statements or information are subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those reflected in the forward-looking statements or information, including, without limitation, the need for additional capital by the Company through financings, and the risk that such funds may not be raised; the speculative nature of exploration and the stages of the Company’s properties; the effect of changes in commodity prices; regulatory risks that development of the Company’s material properties will not be acceptable for social, environmental or other reasons, availability of equipment (including drills) and personnel to carry out work programs, that each stage of work will be completed within expected time frames, that current geological models and interpretations prove correct, the results of ongoing work programs may lead to a change of exploration priorities, and the efforts and abilities of the senior management team. This list is not exhaustive of the factors that may affect any of the Company’s forward-looking statements or information. These and other factors may cause the Company to change its exploration and work programs, not proceed with work programs, or change the timing or order of planned work programs. Additional risk factors and details with respect to risk factors that may affect the Company’s ability to achieve the expectations set forth in the forward-looking statements contained in this news release are set out in the Company’s latest management discussion and analysis under “Risks and Uncertainties”, which is available under the Company’s SEDAR profile at www.sedar.com. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated, described or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information. The Company’s forward-looking statements and information are based on the assumptions, beliefs, expectations, and opinions of management as of the date of this press release, and other than as required by applicable securities laws, the Company does not assume any obligation to update forward-looking statements and information if circumstances or management’s assumptions, beliefs, expectations or opinions should change, or changes in any other events affecting such statements or information.