Vancouver, Canada – June 10^th, 2022 – Academy Metals Inc. (the “Company”) (TSXV: AM) is pleased to announce that the Company has engaged Grander Exploration to conduct a field program at its wholly owned Margurete Gold Project, located at Phillips Arm in southwestern British Columbia. The Company will be conducting a ground magnetic survey with a 25m spacing with the intention of defining structural subsurface features associated with the Enid Adit, where significant gold mineralization was identified in previous programs. In addition, the field crew will continue to sample the Enid Adit with portable drills. The program is slated for August of 2022.  The Company intends to complete a financing in the coming weeks to fund this exploration program and for general working capital.

The Company is also pleased to announce the appointment of Mark Ferguson to the board of directors.  Mark joins the board as an independent director and brings with a wealth of experience in the administration of publicly listed companies. In addition, he has served on many private sector organizations, throughout his career. Mr. Ferguson worked in the trust and finance sector for over 25 years, including as Vice-President of Western Region at Montreal Trust and Scotia Bank and Computershare Trust Company of Canada. His career has focused on areas of trust and advisory, corporate finance, sales and marketing, business mergers and acquisitions, reverse-takeovers and business succession. Mr. Ferguson currently serves as the CFO and a director of Tisdale Resources Corp. (since November 2018), CEO and director of Arbor Metals Corp. (since January 2018), and director of Trench Metals Corp. Mr. Ferguson has an Arts and Science Degree from Mount Royal University and a Bachelor of Arts from the University of Calgary.

For additional information please feel free to contact:
Peter Born,
President and Director

Academy Metals Inc.
Tel: (604) 681-0004
Email: [email protected]

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

This news release may contain certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws.   When or if used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target, “plan”, “forecast”, “may”, “schedule” and similar words or expressions identify forward-looking statements or information.  These forward-looking statements or information may relate to the development of the Margurete Gold Project and other factors or information.   Such statements represent the Company’s current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance, or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forwardlooking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements and information other than as required by applicable laws, rules and regulations.