Vancouver, British Columbia, January 28, 2025 – FIRST ANDES SILVER LTD. (TSXV: FAS; OTC Markets: MSLVF; FSE: 9TZ) (the “Company” or “First Andes”) is pleased to announce that Colin Smith, M.Sc., P.Geo., has been appointed as Chief Executive Officer and a director of the Company.
Colin Smith is a professional geologist and mining executive with over 20 years’ experience advancing exploration and mining projects in North and South America, ranging from greenfields project generation to M&A takeover. Colin has garnered a technical expertise in epithermal and mesothermal Au-Ag, porphyry Cu-Au, ultramafic-associated PGMs, unconformity-related uranium, diamonds, and coal.
Smith’s recent roles include Sr. Exploration Geologist at SSR Mining Inc., VP Exploration of Discovery Group’s ValOre Metals Corp., and CEO of Gold Basin Resource Corp. Colin designed and implemented district wide exploration for Claude Resources Inc. at the Seabee Gold Operation in northern Saskatchewan (>1.7 Moz Au produced) when it was acquired by SSR Mining Inc. in 2016 for a valuation of C$337M.
Mr. Smith holds a B.Sc. degree in Geology from the University of British Columbia (2007), and an M.Sc. degree in Economic Geology from the University of Victoria (2012).
The Company also announces that it has granted to its directors and executive officers 1,750,000 stock options exercisable at $0.05 per share for a period of five years, and granted 1,750,000 restricted share units that vest as follows: 50% one year from the date of grant and 50% two years from the date of grant.
About First Andes Silver Ltd.
First Andes Silver Ltd. is a British Columbia company that holds a 100% interest in the high-grade Santas Gloria silver property, located in Peru.
For more information please contact:
Matt Anderson
Phone: (604) 806-0626
E-mail: info@firstandes.com
Forward-Looking Statements
Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management’s current estimates, beliefs, intentions and expectations. They are not guarantees of future performance. The Company cautions that all forward looking statements are inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond the Company’s control. Such factors include, among other things: risks and uncertainties relating to Company’s limited
operating history, ability to obtain sufficient financing to carry out its exploration programs and the need to comply with environmental and governmental regulations. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward-looking information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information.
The forward-looking statements contained in this news release are made as of the date of this news release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.