Urbangold founder Hansen to assume CEO duties for now

2021-01-08 17:11 ET – News Release

Mr. Jens Hansen reports


Urbangold Minerals Inc. is exclusively focusing its activities this winter on its central Troilus-Frotet area properties. These properties consist of the Pallador property, 26,585 hectares, 100 per cent owned by the company, and BullsEye property, 8,558 hectares, 50 per cent owned by the company under a joint venture with Argonaut Gold. Urbangold is the operator.

Mathieu Stephens, PGeo, president and chief executive officer of the corporation, has requested a temporary reduction of his duties to focus on personal matters and advance key Troilus-Frotet area exploration. The board is pleased with the outstanding work done by Mr. Stephens in assembling the large and key Troilus-Frotet land package, and equally pleased he will focus on its exploration. During this temporary period, Jens Hansen, PEng, the founder of Urbangold, has agreed to undertake the president and CEO functions. Mr. Hansen will receive assistance on specific matters from Urbangold board members.

Please see the corporation’s news release dated Dec. 21, 2020, for detailed information on the exploration activities carried out by the corporation in the Frotet-Troilus area.

About Urbangold Minerals Inc.

Urbangold Minerals is a precious-metals exploration company with its activities focused on the Troilus-Frotet gold belt, Quebec. The company specializes in project generation supported by substantial exploration expertise. The company’s common shares trade on the TSX Venture Exchange under the symbol UGM.