Searchlight Res appoints Haywood as technical adviser

Executive Summary

• Searchlight Resources Inc. appointed Gary Haywood, P.Eng., to its advisory board as a Technical Advisor, leveraging his 40+ years of mining engineering experience.
• The company granted incentive stock options to officers, directors, and consultants, totaling up to 3.45 million common shares.
• The options vest immediately and are exercisable until March 26, 2031, at an exercise price of $0.10 per share.

Key Details

• Technical Advisor Appointment:
  • Name: Gary Haywood, P.Eng.
  • Role: Technical Advisor on the Advisory Board.
  • Experience: Over 40 years in mine engineering and operations (underground and surface) for gold, coal, and uranium.
  • Background: International experience in Canada and Australia; former General Manager, VP, Project Development, and COO.
  • Recent Activity: Provided mine engineering consulting for the past eight years, leading feasibility studies and preliminary economic assessments in Western Canada.
• Stock Option Grant:
  • Aggregate Quantity: Up to 3.45 million common shares.
  • Recipients: Officers, directors, and consultants.
  • Vesting: Immediate.
  • Exercise Price: $0.10 per share.
  • Expiration Date: March 26, 2031.

Notable Quotes

• "We welcome Gary Haywood to Searchlight, bringing a mine development background to our team, as the company moves toward the reopening of the Rio high-grade gold mine," stated Stephen Wallace, president and chief executive officer of Searchlight.