Tethyan Announces Changes to Management and the Granting of Stock Options

TSX-V: TETH  

JERSEY, UK, Dec. 6, 2017 /CNW/ - Tethyan Resources plc (TSXV: TETH) ("Tethyan" or the "Company") announces the following management changes and the granting of stock options.

Management Changes

Tethyan announces that Mr. Sol Thacker has resigned from his role as Chief Financial Officer and Corporate Secretary and has assumed the role of Controller of the Company.

Effective immediately, Mr. Vince Boon has been appointed as Chief Financial Officer and Ms. Eileen Au has been appointed as Corporate Secretary.

Mr. Boon is a chartered accountant with over ten years of professional accounting experience with private and public companies focusing on financial reporting, regulatory compliance, internal control and corporate finance activities. Mr. Boon's experience includes financial reporting for both Canadian and U.S. listed companies with international subsidiaries, strategic planning, tax planning, corporate governance, equity financings and due diligence for acquisitions. Mr. Boon is currently the CFO of Japan Gold Corp., Southern Arc Minerals Inc., Canada Energy Partners Inc. and TekModo Industries Inc. Mr. Boon holds a Bachelor of Science degree from the University of British Columbia and is a Chartered Professional Accountant, CPA, CA.

Ms. Au currently serves as Corporate Secretary to various public and private companies since 2005, primarily in the mining and resources sector. She is currently the Corporate Secretary of Southern Arc Minerals Inc., Canada Energy Partners Inc. and TekModo Industries Inc., all TSX-V listed companies. Ms. Au holds a Bachelor of Science degree from Acadia University.

Granting of Stock Options

In addition, the Company announces that it has granted stock options to Directors, Officers and contractors of the Company totalling 1,120,000 incentive stock options, as per the terms of the Company's stock option plan. The options, which are subject to the policies of the TSX Venture Exchange, are exercisable at $0.30 per share and have a term of five years.

About Tethyan

Tethyan Resources plc is a gold and base metal mineral exploration company incorporated in England & Wales. Tethyan is focused on the Tethyan Metallogenic Belt in Eastern Europe, mainly Serbia, where it is acquiring and exploring a portfolio of quality precious and base metals projects with known mineralisation and compelling drill targets. Tethyan emphasises responsible engagement with local communities and stakeholders, and is committed to proactively implementing Good International Industry Practice (GIIP) and sustainable health, safety and environmental management.

More information can be found on our website: www.tethyan-resources.com.

TSX Venture Exchange Disclaimer

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

SOURCE Tethyan Resources PLC