VANCOUVER, B.C., September 30, 2020 – Lithoquest Diamonds Inc. (TSX-V: LDI) (“Lithoquest”, or the “Company”) today announced the appointment of Ms. Jo Price, M.Sc., MBA, P.Geo as an independent director, effective immediately. In addition, Ms. Price will serve as a member of the Compensation Committee and the Audit Committee.

“Lithoquest welcomes Ms. Price to its Board of Directors,” stated Bruce Counts, President and CEO of Lithoquest Diamonds. “Jo’s credentials and extensive industry experience ensures that shareholders are represented by qualified professionals with relevant and complementary skills.

Ms. Price is an independent geological consultant to a number of junior mining and exploration companies, with more than 20 years in the field, including 10 years in project management. She has worked on multiple gold, poly-metallic, and graphite projects in the USA, Australia, and Canada. Jo has a Bachelor of Science in Geology (1995) from the University of Wales, College of Cardiff, and a Master of Science in Geology (1997) from Dalhousie University in Halifax. Jo is a professional geologist registered with the Association of Professional Engineers and Geoscientists of Alberta (APEGA) and Association of Engineers and Geoscientists of British Columbia (APEGBC). During her career, Jo has managed multi-million dollar exploration programs, overseeing technical direction, budgets, and operations. She has extensive experience in field operations, drill programs, technical database administration, land management, community relations, and exploration permitting in multiple jurisdictions. Jo currently serves as Vice President of Exploration for Ethos Gold Corp.

Grant of Options

The Company has granted stock options in accordance with the terms and conditions of its rolling Stock Option Plan, entitling the purchase of an aggregate 600,000 common shares by certain directors, consultants, and advisors to the Company. Each stock option will be exercisable at $0.10 per common share until September 30, 2025.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this release.

FORWARD LOOKING INFORMATION

This news release includes certain information that may constitute “forward-looking information” under applicable Canadian securities legislation. Forward-looking information is necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information contained in this press release is given as of the date hereof and is based upon the opinions and estimates of management and information available to management as at the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.

 

For further information, please contact:

Lithoquest Diamonds Inc.

+1 (604) 506-2804

info@lithoquest.com