DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN
Brossard, Quebec / The Newswire / December 22nd, 2021 – Windfall Geotek (TSX-V: WIN, OTCQB: WINKF, FSE: L7C2) a leader in the use of Artificial Intelligence (AI) with advanced knowledge-extraction techniques since 2005 in the mining sector is pleased to announce that the shareholders approved all 6 motions put forth at the AGM held on December 17th, 2021. The complete results of the AGM will be available on the company’s SEDAR profile.
Additionally, Windfall Geotek Inc would like to welcome Kulvir Singh Gill to the Board of Directors. Mr. Gill has twenty years of experience working with innovation and sustainability within the global mining industry. He works with the strategy firm Clareo to lead innovation and growth projects for international Fortune 500 clients across multiple industries in the mining, oil and gas and heavy industrial sectors. Kulvir also serves on the board of directors for Canada Nickel Company and the advisory boards of Summit Nanotech and Zerv.
Kulvir was also the Founding Executive Director of the Development Partner Institute (DPI) to advance sustainability in the mining industry and has also served as the Innovation Ecosystem Manager for the Canadian Mining Innovation Council (CMIC).
He began his career as a management consultant with Oliver Wyman before holding several positions with Barrick Gold involving supply chain management, post-merger integrations, strategic planning, innovation and sustainability. He is also passionate about community service, being the co-founder of the Seva Food Bank in Mississauga. He serves on the boards of the William Osler Health System, the Empire Club of Canada and the Sikh Research Institute. Mr. Gill is a recipient of the Queen Elizabeth II Diamond Jubilee Medal and a 2010 Action Canada Fellow. He holds a B.Sc. and a B. Comm. from the University of Calgary and the ICD.D designation from the Institute of Corporate Directors.
Dinesh Kandanchatha, Chairman of Windfall Geotek commented: “Mr. Gill is a respected, principled community leader, who is passionate about innovation in the mining industry, especially transforming the carbon impact of the mining industry. As we strengthen our corporate governance, Mr. Gill’s input as an independent director will ensure we incorporate ICD best practices as we scale and successfully execute on this unique opportunity to bring together sustainability and primary exploration.””
Kulvir Gill commented: “It’s an honor to join the board of directors of Windfall Geotek. AI is beginning to reshape how exploration discoveries are made in the mining industry and I’m excited by how Windfall can play a pivotal role in realizing its full potential.
As a part of the appointment, Windfall is pleased to announce the grant of 900, 000 options to Kulvir Gill with 300, 000 options being vested every year for a period of 3 years. The first 300,000 options are exercisable for a period of 5 years at $0.095 cents.
About Windfall Geotek – Powered by Artificial Intelligence (AI) since 2005
Windfall is an Artificial Intelligence company that has been in business for over 15 years developing its proprietary CARDS analysis (AI) and data mining techniques. Windfall Geotek can count on a multidisciplinary team that includes professionals in geophysics, geology, Artificial Intelligence, and mathematics. It combines available public and private datasets including geophysical, drill hole and surface data. The algorithms designed and employed by Windfall are calculated to highlight areas of interest that have the potential to be geologically similar to other gold deposits and mineralization. The Company's objective is to develop a new royalty stream by significantly enhancing and participating in the exploration success rate of mining and to continue the Land Mine detection application as a high priority. Windfall has played a part in numerous past discoveries utilizing its methodology as described at: https://windfallgeotek.com/.
For further information, please contact:
President and CTO of Windfall Geotek
Additional information about the Company is available under Windfall Geotek’s profile on SEDAR at www.sedar.com. Neither the TSX Venture Exchange nor does its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.
FORWARD-LOOKING STATEMENTS: This news release contains forward-looking statements, which relate to future events or future performance and reflect management’s current expectations and assumptions. Such forward-looking statements reflect management’s current beliefs and are based on assumptions made by and using information currently available to the Company. Investors are cautioned that these forward-looking statements are neither promises nor guarantees, and they are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at WWW.SEDAR.COM).