Troubadour Resources Appoints Chris Huggins as Chief Executive Officer and Navin Varshney as Chairman of the Board

Vancouver, British Columbia – (Newsfile Corp. – May 31, 2024) – TROUBADUR RESOURCES INC. (TSXV: TR) (OTCQB: TROUFF) (the “Company”) is pleased to announce changes to its management team, with the appointment of Mr. Chris Huggins as Chief Executive Officer (CEO) and Mr. Navin Varshney as Chairman of the Company’s Management Board, effective immediately. Mr. Huggins, who has served as a director of the Company, will continue to serve on the board of directors after becoming CEO.

Mr. Huggins brings over 25 years of experience in the mining, technology and capital equipment industries. Possessing a Bachelor’s Degree He received his Honors degree in Geology. He began his career as a regional exploration geologist with Homestake, working on significant projects in the Eskay Creek, Snip Mine, Stewart and Dease Lake Camps areas. Over the past decade, it has provided innovative capital equipment and financing solutions to surface and underground mining in the Northwest Territories and Yukon. Mr. Huggins also managed Caterpillar’s global and domestic accounts in Finning. He is currently the CEO of Collective Metals Inc. (CSE: COMT).

Mr. Varshney has a four-decade career in the capital markets and mineral exploration and development industry, where he served as president, CEO and chief financial officer of numerous TSX-listed issuers and served on the boards of numerous public companies. He brings significant experience specializing in the development, structuring and financing of venture capital companies, particularly in the mining and technology sectors, and has raised over $30 million across his public and private ventures over the past decade. Mr. Varshney’s extensive experience in analysis and speculation in the metals, mining and technology sectors has provided enormous benefits to the organizations he has been associated with, including most recently Usha Resources where they negotiated a $26 million asset sale.

Blake Morgan has resigned as interim CEO but will remain on the Board of Directors. He expressed confidence in the new appointments, stating: “We are thrilled to have Chris Huggins and Navin Varshney on their new appointments. Chris’ extensive experience in geology and capital markets, combined with Navin’s impressive experience in the metals and mining sectors, will be invaluable as we continue to grow and develop our assets and shareholder value for Troubadour Resources.”

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Blake Morgan further commented: “Chris’ operational leadership and Navin’s strategic insights on capital markets and company formation will provide Troubadour Resources with the strong foundation it needs to achieve its ambitious goals.”

About Troubadour Resources Inc.
Troubadour Resources Inc. is a North American mineral acquisition and exploration company focused on developing high-quality drill-ready batteries and precious metals with high growth and expansion potential. Headquartered in Vancouver, British Columbia, Troubadour trades on the TSX Venture Exchange under the symbol TR and on the OTCPK under the symbol TROUF.

TROUBADUR RESOURCES INC.

For more information please contact us

Blake Morgan
(236)-878-4938
[email protected]

Or

Chris Huggins
(604)-968-4844
[email protected]

Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements that are based on the Company’s current expectations and estimates. Forward-looking statements are often characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate”, “suggest”, “indicate” and other similar words or statements that certain events or conditions “may” or “will” occur, including, without limitation, statements regarding the expected contributions of Mr. Huggins and Mr. Varshney to the Company; the Company’s plans to further develop and expand its properties; and an increase in the Company’s value for shareholders. There are risks that forward-looking statements may not prove to be accurate, that management’s assumptions may be incorrect and that actual results may differ materially from such forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual events or results to differ materially from the estimated or anticipated events or results implied or expressed by such forward-looking statements, including risk factors identified in Management’s Discussion and Analysis as documented on SEDAR+. Any forward-looking statements speak only as of the date they are made and, except as required by applicable securities laws, the Company disclaims any intention or obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise. Forward-looking statements are not guarantees of future performance and, therefore, you should not place undue reliance on such statements due to their inherent uncertainty.

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/211343