GOLD $USD$1,957.10

News Release


August 1st, 2017, Vancouver, BC, Canada – BTU CAPITAL CORP. (“BTU” or the “Company”) (BTU-TSX:V) is pleased to announce the appointments of Paul Wood to the role of CEO and to the Board of Directors, Mr. Dennis Logan to the role of CFO, and Mr. Don McKinnon to VP of Exploration.

Paul Wood has led and executed numerous transactions across the globe in minerals exploration and in other sectors. With a background in company formation, transaction structuring and M&A, he has a reputation for successfully driving projects to completion in multiple jurisdictions including Canada, USA, Europe, China, Japan and Africa. His background, networks and skillsets will serve BTU very well as we lever the strengths of this decidedly strong team as it embarks on its exploration and initial drill program in the Republic of Ireland. He received a BA from Dalhousie University and his MBA from University of Toronto Rotman.

Mr Wood states "I have been to the properties in Ireland together with our highly experienced geological team and have seen the rock first hand. This is clearly an enviable project to be working on with significant gold occurrences in at least three areas so far, including Lee, Dooros and Glenlusk.  Our first task will be to return to site, conduct further geophysics work and generate drill targets, a process which we anticipate to take three months once commenced. Additionally, there is a fair bit of prospecting to conduct to fully round out the potential of the properties.”

Mr. Logan is a Chartered Professional Accountant (CPA, CA) and received both his BA and his MBA from the University of Toronto and received his Chartered Accountant designation in 1996. Mr. Logan is a former Director and Chief Financing Officer for Almonty Industries Inc. (September 2011 to March 2017), a TSXV listed company. Prior to joining Almonty in 2011, Mr. Logan spent 15 years in Canadian Capital Markets Industry where he held a number of senior management positions including Managing Director, Investment Banking at Desjardins Securities Inc. from 2007 to 2011 and Director, Investment Banking at Westwind Partners Inc. and Partner at Loewen Ondaatje McCutcheon Limited and Executive Director, Investment Banking at CIBC World Markets.  Mr. Logan is a Director and Chair of the Audit Committee of Eurocontrol Technics Group Inc., a TSXV listed company, and former Director of Pinetree Capital Ltd., a TSX listed company.

Mr. McKinnon has been involved in the mining exploration industry since a very young age. Son of Don McKinnon Sr., of Hemlo fame, Mr. McKinnon has been actively exploring mining properties in Ontario and internationally. This includes having been involved in managing all aspects of exploration from property acquisition and grass roots exploration, to seeing projects through to the development stage. Mr. McKinnon also has an extensive network of business associates throughout Canada as well as internationally.

Mr. Wood commented, “We have a very strong prospecting and geological team led by Mr. Don McKinnon, Jr, who we are proud to have formally join the company as VP Exploration.  Mr. McKinnon's experience will be vital in further narrowing down areas of opportunity within this 160 km2 property and concentrating our next phase exploration efforts.  Furthermore, we are extremely pleased to have Mr. Dennis Logan join BTU as CFO. Mr. Logan has a vast amount of experience working in the mining sector from inception through to operations and transactions. It is a privilege to have Mr. Logan join. The enthusiasm of both Mr. Logan and Mr. McKinnon for BTU speaks to the caliber of the projects and opportunities before the company."

Michael England will remain on the Board and continue to serve as President of the Company.

Michael England, President of BTU Capital Corp. states: “These changes strengthen the leadership team as we embark on the development of our Galway Project in Ireland.”

Effective immediately Phil Taneda has resigned from the Board and the role of CFO. The Company wishes to thank Mr. Taneda for his contributions to the Company as well in his future endeavours.

Michael England
Michael England, President, CEO, Director

Telephone: 1-604-683-3995
Toll Free: 1-888-945-4770

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

FORWARD LOOKING STATEMENTS: This news release contains forward-looking statements, which relate to future events or future performance and reflect management’s current expectations and assumptions. Such forward-looking statements reflect management’s current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward -looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All of the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at WWW.SEDAR.COM).

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