#Canada #Toronto #Hemlo Mining #Carl DeLuca #Lindsay Newton

Hemlo Mining Corp. Expands Leadership Team

In a significant move towards strengthening its corporate structure, Hemlo Mining Corp., a mid-tier gold producer in Canada, has recently announced key appointments to its executive team. The new leaders bring a wealth of experience, aiming to drive the company's growth and operational excellence in the competitive mining sector.

Key Appointments

Carl DeLuca - General Counsel and Corporate Secretary

Carl DeLuca steps in as the General Counsel and Corporate Secretary of Hemlo Mining. With over 25 years of extensive legal and public company experience, DeLuca is recognized for his ability to navigate complex business transactions and spearhead organizational changes. Before joining Hemlo, he served as the General Counsel at Li-Cycle Holdings Corp., where he played a pivotal role in the company's legal affairs during its robust growth phase in the EV battery recycling market. DeLuca's expertise spans several high-profile roles, including positions at Detour Gold Corporation and Vale S.A. His academic background includes an LL.B. from the University of Windsor and an Honours Bachelor of Science from the University of Toronto.

Lindsay Newton - Vice President of Finance

Lindsay Newton takes on the role of Vice President of Finance, bringing close to two decades of financial leadership experience specifically in the mining and natural resources sector. Newton has accumulated a robust skill set that includes financial reporting, treasury management, regulatory compliance, and risk management during her tenure with notable organizations such as Li-Cycle Holdings Corp. and Kinross Gold Corporation. Her early career began with KPMG LLP in Toronto, and she holds a Chartered Professional Accountant designation along with an Honours Bachelor of Science from the University of Toronto.

Mike Tsafaras - Vice President of Engineering and Projects

Mike Tsafaras has been appointed Vice President of Engineering and Projects, leveraging nearly 20 years of experience in mining operations. Tsafaras has held significant engineering and leadership positions with top companies, including Hudbay Minerals and Barrick, demonstrating a rich background in mine planning and operational strategy. His academic credentials include a BASc in Mineral Engineering from the University of Toronto, and he is a licensed Professional Engineer with Professional Engineers Ontario.

Strategic Vision for Growth

Jason Kosec, the President and CEO of Hemlo Mining Corp, expressed enthusiasm regarding the new appointments. He highlighted how the addition of DeLuca, Newton, and Tsafaras enhances the company's legal, financial, and technical capacities necessary for successful execution. Kosec emphasized that with this fortified leadership team, Hemlo is well-positioned to deliver sustained value.

About Hemlo Mining Corp.

Hemlo Mining, previously known as Carcetti Capital Corp, is currently focusing on establishing itself as a preeminent Canadian mid-tier gold producer. The company has recently concluded the acquisition of the Hemlo Gold Mine in Ontario from Barrick Mining Corp. for approximately $1.1 billion. Since commencing production in 1985, the Hemlo Gold Mine has yielded around 25 million ounces of gold from both underground and open-pit operations. Hemlo Mining Corp. is committed to maximizing the value of its existing infrastructure while pursuing new growth opportunities through strategic exploration efforts.

In conclusion, these recent leadership appointments signal Hemlo Mining Corp.’s commitment to robust operational growth and its ambition of becoming a leading player within the Canadian gold mining industry. As the company continues to enhance its executive capabilities, stakeholders can anticipate exciting developments on the horizon.