Major Drilling Announces Appointment of Director

Major Drilling Announces Appointment of Director
Major Drilling Group International Inc.

Main Drilling Team International Inc.

MONCTON, New Brunswick, March 29, 2023 (Globe NEWSWIRE) — Key Drilling Team Global Inc. (TSX: MDI) (“Major Drilling” or the “Company”) is happy to announce the appointment of Caroline Donally to the Company’s Board of Administrators effective April 1, 2023. Ms. Caroline Donally has much more than 25 many years of investment practical experience in the global mining business. She is presently the Running Associate of Sprott Source Streaming and Royalty Corp, in which she’s dependable for all facets of the streaming and royalty organization and is a Controlling Associate of Sprott Inc. Prior to signing up for Sprott, Ms. Donally was a Taking care of Director at Denham Funds and was dependable for sourcing mining investment decision prospects and managing all areas of a mining financial investment portfolio in extra of $1 billion throughout North and South The united states and Africa. Before Denham, she was a Challenge and Structured Finance banker with Rand Merchant Bank and Investec Restricted (South Africa), wherever she was included in many structured cross-border financings and investments in mining, predominantly throughout Africa. Ms. Donally is a Chartered Accountant with a Bachelor of Commerce (Accounting) degree from the University of the Witwatersrand and a Bachelor of Accounting Science (Honours) from the University of South Africa.

Forward-On the lookout Statements

This news launch involves certain information that may possibly constitute “forward-on the lookout information” below relevant Canadian securities legislation. All statements, other than statements of historical details, provided in this news release that address potential activities, developments, or general performance that the Business expects to manifest (including management’s anticipations about the Company’s targets, tactics, economical affliction, benefits of operations, hard cash flows and organizations) are forward-hunting statements. Ahead-looking statements are normally determined by future or conditional verbs these types of as “outlook”, “believe”, “anticipate”, “estimate”, “project”, “expect”, “intend”, “plan”, and phrases and expressions of equivalent import. All forward-on the lookout info in this information release is experienced by this cautionary notice.

Ahead-looking details is necessarily primarily based upon several estimates and assumptions like, with no limitation, the expectations and beliefs of administration associated to the aspects established forth beneath. Although these factors and assumptions are viewed as fair by the Business as at the date of this doc in light-weight of management’s experience and perception of latest disorders and predicted developments, these statements are inherently issue to considerable enterprise, financial and competitive uncertainties and contingencies. Acknowledged and mysterious elements could bring about actual effects to differ materially from people projected in the ahead-on the lookout statements and undue reliance ought to not be placed on this sort of statements and details.

These types of ahead-wanting statements are subject to a variety of dangers and uncertainties that incorporate, but are not limited to: the degree of activity in the mining market and the demand from customers for the Company’s companies aggressive pressures global political and financial environments the degree of funding for the Company’s purchasers (specially for junior mining organizations) the  integration of small business acquisitions and the realization of the intended added benefits of this sort of acquisitions exposure to currency movements (which can impact the Company’s earnings in Canadian dollars) currency limitations the Company’s dependence on vital consumers implications of the COVID-19 pandemic the geographic distribution of the Company’s functions the impact of operational adjustments adjustments in jurisdictions in which the Firm operates (together with alterations in regulation) failure by counterparties to fulfill contractual obligations as properly as other threat things described beneath “General Dangers and Uncertainties” in the Company’s Yearly Information and facts Form for the year ended April 30, 2022, offered on the SEDAR internet site at Should one particular or more threat, uncertainty, contingency, or other aspect materialize or should any variable or assumption verify incorrect, genuine outcomes could differ materially from those people expressed or implied in the ahead-hunting info.

Ahead-looking statements designed in this document are produced as of the day of this document and the Enterprise disclaims any intention and assumes no obligation to update any ahead-on the lookout statement, even if new information gets to be readily available, as a outcome of long run events, or for any other motives, besides as required by relevant securities regulations.

About Significant Drilling

Major Drilling Team Intercontinental Inc. is a single of the world’s premier drilling solutions businesses mainly serving the mining industry. Proven in 1980, Important Drilling has in excess of 1,000 decades of blended knowledge and abilities inside its management workforce alone. The Organization maintains area functions and places of work in Canada, the United States, Mexico, South The united states, Asia, Africa, and Australia. Major Drilling provides a full suite of drilling services which includes surface area and underground coring, directional, reverse circulation, sonic, geotechnical, environmental, water-properly, coal-mattress methane, shallow fuel, underground percussive/longhole drilling, floor drill and blast, and a assortment of mine services.

For further more info:
Ian Ross, Chief Fiscal Officer
Tel: (506) 857-8636
Fax: (506) 857-9211
[email protected]