Signal Gold Announces the Appointment of the Honourable George J. Furey as Chair of the Board of Directors of Signal Gold

Press Release

TORONTO, ON July 5, 2023 / Signal Gold Inc. (“Signal Gold” or the “Company”) (TSX:SGNL)(OTCQX:SGNLF) is pleased to announce the appointment of Honorable George Furey as Chair of the Board of Directors. Mary-Lynn Oke will continue on as a member of the Board of Directors and as Chair of its Audit Committee. The Board expresses its thanks to Ms. Oke for her guidance throughout a search for a Chair.

“On behalf of Signal Gold, I am pleased to announce the appointment of the Honourable George J. Furey to the position of Chair of the Board of Directors. With his diverse background and extensive experience, I am confident that Mr. Furey will provide invaluable guidance to Signal Gold as we advance the Goldboro Project in Nova Scotia.”

~Mary-Lynn Oke, Interim Chair of the Board of Directors

The Honourable George J. Furey K.C. is a distinguished educator and lawyer with deep roots in the community. Mr. Furey is a native of Newfoundland and Labrador and most recently served as the 45th Speaker of the Senate of Canada. He was appointed to the Privy Council of Canada on May 12, 2023.

Mr. Furey attended Memorial University in Newfoundland and Labrador where he earned a Bachelor of Arts Degree, a Bachelor of Education Degree in 1970, and a Master of Education Degree. During his career as an educator, he was a teacher with the Roman Catholic School Board in St. John’s, a Supervising Vice-Principal with the Port-au-Port Roman Catholic School Board and a Supervising Principal of the Placentia-St. Mary’s Roman Catholic School Board.

After a successful career in education from 1969-1980, he attended Dalhousie Law School and completed a Bachelor of Law Degree in 1983.

Mr. Furey was called to the Bar of the Law Society of Newfoundland and Labrador in 1984 and was subsequently named a partner at the St. John’s law firm of O’Brien, Furey & Hurley. While in his second year of practicing law, he successfully challenged the Criminal Code language on sexual assault and proved that with the advent of the Canadian Charter of Rights and Freedoms, certain Criminal Code provisions were unconstitutional. In 1989, he was named Senior Partner at the firm O’Brien, Furey & Smith and in 1993 was appointed to the Provincial Police Complaints Commission. He was subsequently appointed as Queen’s Counsel in 1996.

Mr. Furey is a widely respected community leader, giving his time to numerous voluntary groups, professional boards and provincial commissions, including: the Newfoundland and Labrador Teachers’ Association; The Boy Scouts of Canada; St. Clare’s Mercy Hospital Ethics Committee and the Gonzaga High School Council.

ABOUT SIGNAL GOLD

Signal Gold is a TSX and OTCQX-listed gold development and exploration company, advancing the Goldboro Project in Nova Scotia, a significant growth project subject to a positive Feasibility Study which demonstrates an approximately 11-year open pit life of mine (“LOM”) with average gold production of 100,000 ounces per annum and an average diluted grade of 2.26 grams per tonne gold. (Please see the ‘NI 43-101 Technical Report and Feasibility Study for the Goldboro Gold Project, Eastern Goldfields District, Nova Scotia’ on January 11, 2022, for further details). On August 3, 2022, the Goldboro Project received its environmental assessment approval from the Nova Scotia Minister of Environment and Climate Change, a significant regulatory milestone which enables the Company to commence site-specific permitting processes including the Industrial Approval and Crown Land Lease and Mining Lease applications. The Goldboro Project also has potential for further Mineral Resource expansion, particularly towards the west along strike and at depth. A future study will consider upgrading and expanding potentially mineable underground Mineral Resources as part of the longer-term mine development plan.

FOR ADDITIONAL INFORMATION CONTACT:

Signal Gold Inc.
Kevin Bullock
President and CEO
(647) 388-1842
kbullock@signalgold.com

Reseau ProMarket Inc.
Dany Cenac Robert
Investor Relations
(514) 722-2276 x456
Dany.Cenac-Robert@ReseauProMarket.com

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