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Windfall Geotek Inc. 21.04.2021

Windfall Geotek Announces Strategic Projects Advisory Board with Colonel Stephen Appleton as the Chairman

DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN

 

Highlights:

 

-          Highly Decorated Military officer Col Appleton agrees to lead Strategic Advisory Board for commercialization of Land mine (UXO) technology.

-          Col(ret) Appleton brings operational experience and connections with Fortescue Metals Group(ASX: FMG) the 4th largest Iron ore producer globally

-          Windfall is making a commitment to invest in low carbon/zero carbon resource development solutions as part of its business plan.

 

Brossard, Quebec / April 21st, 2021 – Windfall Geotek Inc. (the “Company”, or “Windfall” TSX-V: WIN, OTCQB: WINKF, FSE: L7C2) a mining technology company and a leader in the use of Artificial Intelligence (AI) and advanced knowledge-extraction techniques since 2005 announces it has engaged a decorated officer Colonel (ret) Stephen Appleton, MSM, CD, PEng, MBA, MSS to chair the Strategic Projects advisory board. Col. Appleton brings decades of operational experience in Canada, Sarajevo, Iraq, Afghanistan and Central Asia working on clean energy, environmental, and land decontamination projects with private industry, the North Atlantic Treaty Organization(NATO), the Canadian and US Military, and Non-Governmental Organizations(NGOs). Furthermore Col. Appleton brings a wealth of resource sector experience and connections as the head of Canadian operations for Fortescue Metals Group(ASX: FMG), the 4th largest producer of iron ore globally.

 

Dinesh Kandanchatha, Chairman commented, “Col. Appleton is one of those rare leaders who has distinguished himself with service to country, while simultaneously building a pedigree of operational and engineering experience in the civilian domain. I am looking forward to leveraging his experience and network on the core strategic initiatives that form Windfall’s long term sustainable competitive advantage.

 

Col. Appleton will work with the board to advance the strategic initiatives for Environmental Social Governance (ESG), EagleEye for UXO commercialization, and the selection of development partners for resource development projects that leverage Windfall’s AI technology.

 

Col. Appleton Commented: “I have known Mr. Kandanchatha for over two decades, and Windfall is the next chapter of a career focused on creating value through Technology, and social good. I am excited to bring my experience in the military, environmental, and resource sectors to advance these worthy initiatives, and drive long term value for shareholders.

 

Col. Appleton holds an engineering degree from the Royal Military College of Canada, an MBA from the University of Ottawa, and a Masters Degree in Strategic Studies from the prestigious  US Army War College in Pennsylvania. He has completed executive leadership programs from Queens University Business School and at the Woodside Institute in Palo Alto, CA.

 

In connection with the appointment, Windfall announces the grant of options to Col. Appleton, exercisable for a period of 5 years at $0.42.

 

About Windfall GeotekPowered by Artificial Intelligence (AI) since 2005

 

Windfall is an Artificial Intelligence company that has been in business for over 15 years developing its proprietary analysis (AI) and data mining techniques. Windfall Geotek can count on a multidisciplinary team that includes professionals in geophysics, geology, Artificial Intelligence, and mathematics. It combines available public and private datasets including geophysical, drill hole and surface data. The algorithms designed and employed by Windfall are calculated to highlight areas of interest that have the potential to be geologically similar to other gold deposits and mineralization. The Company's objective is to develop a new royalty stream by significantly enhancing and participating in the exploration success rate of mining and to continue the Land Mine detection application as a high priority. Windfall has played a part in numerous past discoveries utilizing its methodology as described at: https://windfallgeotek.com/.

For further information, please contact:

 

Mr. Simran Kamboj President and CTO

Tel: 1 (450) 678-8882

Email: info@windfallgeotek.com

Website: www.windfallgeotek.com

 

Additional information about the Company is available under Windfall Geotek’s profile on SEDAR at www.sedar.com. Neither the TSX Venture Exchange nor does its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.

 

CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION: This communication contains forward-looking statements, which relate to future events or future performance and reflect management’s current expectations and assumptions relating to the development of the Company’s business. Such forward-looking statements reflect management’s current beliefs and are based on assumptions made by and using information currently available to the Company. Such factors include, but are not limited to, achievements of new management varying significantly from expectations; capital and operating costs varying significantly from estimates; delays in obtaining or failures to obtain required governmental, environmental or other project approvals; uncertainties relating to the availability and costs of financing needed in the future; changes in equity markets; inflation; fluctuations in commodity prices; delays in the development of projects; and those risks set out in the Company’s public documents filed on SEDAR (www.sedar.com) under Windfall Geotek’s issuer profile. Investors are cautioned that these forward-looking statements are neither promises nor guarantees, and they 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 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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