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Gold Line Announces Appointment of Benjamin Gelber as VP Exploration

Gold Line Announces Appointment of Benjamin Gelber as VP Exploration

Vancouver, BC, Canada – March 31, 2022 – Gold Line Resources Ltd. (TSX-V: GLDL) (“Gold Line” or the “Company”) is pleased to announce the appointment of Benjamin Gelber, formerly of Barrick Gold Corporation, as Vice President, Exploration.

Mr. Gelber is a professional geologist with over 17 years industry experience specializing in orogenic gold systems, garnering a deep understanding of geological, structural, alteration and mineralisation controls in orogenic systems at all scales, including in developing and managing large and complex district to camp scale exploration programs.

Benjamin was previously with Barrick Gold Corporation (“Barrick”), as Exploration Manager, Guyana where he was responsible for establishing Barrick’s office and local team in Guyana, as well as for the identification and assessment of high priority acquisition targets in the Guiana Shield region and negotiation of various Joint Venture, Option, Earn-in and Purchase deals with local and international land holders.

Prior to his post with Barrick, Benjamin held the positions of Generative Exploration Manager, and Group Geology Manager with Asanko Gold Inc., now named Galiano Gold Inc., where he was responsible for greenfield and brownfield target generation, strategy, budgeting and execution of exploration projects at the Asanko Gold Mine camp. In his role Mr. Gelber led technical assessment and due diligence reviews, identifying acquisition targets, and was an integral part of the exploration management team that discovered and consolidated the now a multi-million ounce gold complex known as the Asanko Gold Mine.

Benjamin is also a former director, and geological advisor of Cayden Resources which was sold to Agnico Eagle Mines Limited for $205M.

“We are thrilled to have attracted someone of the caliber of Benjamin Gelber to Gold Line Resources. In a time where skilled management is one if the rarest commodities in our industry, bringing in Ben is a testament to the quality of our projects in Sweden and Finland,” commented Adam Cegielski, CEO, Gold Line Resources.

Mr. Gelber holds a Master of Science in Economic Geology from Rhodes University, Grahamstown, South Africa, where he completed his thesis on “A Mineral System Approach to the Development of Structural Targeting Criteria for Orogenic Gold Deposits in the Asankrangwa Belt of the Kumasi Basin, South West Ghana; and a Bachelor of Science in Geology (Honours) from the University of British Columbia, Vancouver, Canada. He is registered as a Professional Geoscientist (P.Geo) with the Association of Professional Engineers and Geoscientists of British Columbia (APEGBC), Canada, as well as the Society of Economic Geologists (SEG), is a Qualified Person for the purpose of NI 43-101 technical reporting, and is a former recipient of the CIM-Bedford Canadian Young Mining Leadership Award. Mr. Gelber specializes in orogenic gold targeting and exploration, bringing +17 years of exploration experience to Gold Line. Most recently he spent 12 years working for Asanko Gold (previously Keegan Resources, now Galiano Gold) developing the +12 Moz Asanko Gold Mine camp located in the Asankrangwa gold belt in the Kumasi Basin of SW Ghana and was a member of the +6 Moz Esaase deposit discovery team, which is now in production. Following this he worked for Barrick Gold Corporation for two years as Exploration Manager, Guyana within their Global Exploration and New Opportunities division. Here he was part of a team that completed cratonic to camp-scale targeting and prospectivity studies of the Guiana Shield that resulted in the consolidation of a large prospective land package in Guyana.

“I am excited to be joining the Gold Line Resources team with their district-scale project portfolio of projects in Sweden and Finland. Using the latest good science and technology in targeting and exploration methodologies, I am looking forward to unlocking the potential of these underexplored districts,” Commented Vice President of Exploration, Benjamin Gelber.

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Cautionary Note Regarding Forward-Looking Statements

This press release contains statements which constitute “forward-looking information” within the meaning of applicable securities laws, including statements regarding the terms and conditions of the Arrangement, timing for the hearing for the final order of the Supreme Court of British Columbia to approve the Arrangement and the timing and ability of Gold Line to complete the Arrangement. Forward-looking information is often identified by the words “may”, “would”, “could”, “should”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” or similar expressions.

Investors are cautioned that forward-looking information is not based on historical facts but instead reflect Gold Line’s respective management’s expectations, estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. Although Gold Line believes that the expectations reflected in such forward-looking information are reasonable, such information involves risks and uncertainties, and undue reliance should not be placed on such information, as unknown or unpredictable factors could have material adverse effects on future results, performance or achievements of Gold Line. Among the key factors that could cause actual results to differ materially from those projected in the forward-looking information are the following: the ability to obtain necessary approvals in respect of the Arrangement, the ability to consummate the Arrangement,; the ability to obtain requisite court approvals and the satisfaction of other conditions to the consummation of the Arrangement on the proposed terms and schedule; the potential impact on exploration activities; the potential impact of the announcement or consummation of the Arrangement on relationships, including with regulatory bodies, employees, suppliers, customers and competitors; the re-rating potential following the consummation of the Arrangement; changes in general economic, business and political conditions, including changes in the financial markets; changes in applicable laws; compliance with extensive government regulation; and the diversion of management time on the Arrangement. This forward-looking information may be affected by risks and uncertainties in the business of Gold Line and market conditions. This information is qualified in its entirety by cautionary statements and risk factor disclosure contained in filings made by Gold Line with the Canadian securities regulators, including Gold Line’s financial statements and related management’s discussion and analysis for the financial year ended December 31, 2022 and its interim financial reports and related management’s discussion and analysis for the period ended September 30, 2023 filed with the securities regulatory authorities in certain provinces of Canada and available at www.sedarplus.ca.

Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking information prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although Gold Line has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended, and do not assume any obligation, to update this forward-looking information except as otherwise required by applicable law.

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