TORONTO, June 23,
2022 /CNW/ - Excellon Resources Inc. (TSX:
EXN) (NYSE: EXN) (FRA: E4X2) ("Excellon" or the
"Company") is pleased to announce the appointment of
Zoya Shashkova to the Board of
Directors.
"We welcome Zoya to the Board of Directors and look forward to
benefitting from her experience going forward," stated André
Fortier, Chair. "She brings experience in Mexico from her time at Torex and in leading
environmental technologies in her current role at EnviroGold
Global. Additionally, her strong financial and accounting
background will be an excellent addition to our Audit
Committee."
"With Zoya's appointment, we also note the pending retirement of
André Fortier at the upcoming annual meeting in August," stated
Brendan Cahill, President and CEO.
"André has played a key role in the Company's development since
mining started at Platosa and has been a great supporter of the
management team throughout his time with Excellon. He has been a
friend and mentor during my time as CEO. We wish him the very best
in his well-deserved retirement."
Zoya Shashkova has over two
decades of consulting and finance executive experience, spanning
audit and consulting, tax structuring, risk management, reporting,
disclosure, and mining finance. She is currently CFO of EnviroGold
Global Limited, a clean technology company that is capitalizing
environmental stewardship and sustainably supplying the world's
increasing demand for precious, critical and strategic metals by
profitably reclaiming unrecovered value from mine tailings and
resource development waste streams.
Prior to EnviroGold Global, Ms. Shashkova was the Treasurer for
Torex Gold Resources Inc., a mid-tier Canadian gold producer with
operations in Mexico, where she
participated in raising $1 billion in
capital to support ongoing operations as well as long-term
strategic initiatives. Her previous mining executive roles include
CFO for UraniumOne's operations in Central Asia, where she provided leadership in
all areas of business and financial management, including strategic
planning, performance measurement, debt financing, accounting,
international tax structuring, and risk management, as well as
senior leadership positions with Deloitte and E&Y. During her
tenure with UraniumOne, Ms. Shashkova also served on the boards of
operating joint ventures as an Audit Committee Chair. Ms. Shashkova
holds a MSc in Biology and Chemistry, an MBA in Banking and
Finance, is a Certified Public Accountant (CPA, US, Maine), and is an ICD.D certified director,
Institute of Corporate Directors.
About Excellon
Excellon's vision is to create wealth by realizing strategic
opportunities through discipline and innovation for the benefit of
our employees, communities and shareholders. The Company is
advancing a precious metals growth pipeline that includes:
Kilgore, an advanced gold
exploration project in Idaho with
strong economics and significant growth and discovery potential; an
option on Silver City, a high-grade epithermal silver district in
Saxony, Germany with 750 years of
mining history and no modern exploration; and Platosa, a high-grade
silver mine producing in Mexico
since 2005, scheduled to wind-down in Q3 2022. The Company is also
actively seeking to capitalizing on current market conditions by
acquiring undervalued projects.
Additional details
on Excellon's properties are available at www.excellonresources.com.
SOURCE Excellon Resources Inc.