Norvista Capital Announces Management & Director Changes

Toronto, Ontario--(Newsfile Corp. - June 7, 2021) - Norvista Capital Corporation (TSXV: NVV) ("Norvista" or the "Company") is pleased to announce changes to its Board of Directors and Management.

Derek Macpherson is joining the company as Executive Chairman and a Director, and Samuel Pelaez as President, CEO and Chief Investment Officer (CIO). Mr. Macpherson replaces Stanley Spavold who has stepped down as Chairman and as a Director of the Company. Mr. Pelaez replaces Donald Christie, who remains a Director of the Company and will continue as an Advisor to the Company to facilitate the management transition.

Mr. Macpherson, the Company's new Executive Chairman stated, "I am pleased to be joining Norvista. I want to thank Stan and Don for shepherding the Company to this point and wish them all the best in their future endeavours. In particular, we look forward to working with Don in his new role as Interim CEO at Rockcliff Metals of which Norvista is a major and supportive shareholder."

Samuel Pelaez, the company's new President, CEO and CIO stated, "Norvista is a unique opportunity to create an efficient resource investment vehicle, that gives shareholders exposure to the emerging commodity super trend. In the near-term, our focus is to grow the asset base to give Norvista the scale and liquidity it needs to succeed."

Stan Spavold the Company's departing Chairman stated, "I am looking forward to this new era for Norvista, as Sam and Derek work to transform the Company. While I am departing my formal role with the Company, I continue to be a significant and supportive shareholder."

For the last ten years, Mr. Macpherson has worked in mining capital markets, identifying investment opportunities, along with raising money for junior mining companies. Additionally, as one of the early employees at Red Cloud Securities Inc and Red Cloud Financial Services Inc, Derek helped to build that business into the thriving mining focused investment dealer and capital markets platform that it has become. Prior to working in capital markets, he worked for 6 years as a metallurgist. Mr. Macpherson has a Bachelor of Engineering and Management in Materials Science from McMaster University and a Master of Business Administration from the Schulich School of Business. Mr. Macpherson is currently, President and CEO of Gold79 Mines Ltd.

Mr. Pelaez has dedicated the past decade to financing natural resource projects while serving as Chief Investment Officer and Portfolio Manager at Galileo Global Equity Advisors, and as an analyst at US Global Investors. Mr. Pelaez has been an early investor in numerous mining discoveries and has been an active participant in Canadian mining corporate transactions. Samuel graduated from the Schulich School of Business with Distinction. He also holds a Masters in Finance degree from The University of Cambridge. He was a scholar of the Financial Leaders of Tomorrow Program at the PBOC Graduate School at Tsinghua University in Beijing. Samuel is a CFA charter holder and member of the Toronto CFA Society where he resides. Mr. Pelaez is currently, President, CEO and a Director of Gossan Resources Ltd.

About Norvista

Norvista is a resource-focused investment company with a portfolio of publically listed securities issued by companies engaged in precious and base metal exploration and development. The Company's major investments include, Minera Alamos Inc., Rockcliff Metals Corporation and Nevada Zinc Corporation.

For further information, please contact:

Derek Macpherson, Executive Chairman by email at dmacpherson@norvistacapital.com or by phone at 416-294-6713 or Sam Pelaez, President, CEO & CIO by email spelaez@norvistacapital.com or by phone at 202-677-8513. Norvista's website is located at www.norvistacapital.com.

Neither the TSX Venture Exchange Inc. nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of this release. The TSX Venture Exchange Inc. has in no way approved nor disapproved the information contained herein.

Cautionary Note Regarding Forward-Looking Statements: This press release contains "forward-looking information" within the meaning of applicable Canadian securities laws. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, identified by words or phrases such as "believes", "anticipates", "expects", "is expected", "scheduled", "estimates", "pending", "intends", "plans", "forecasts", "targets", or "hopes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "will", "should", "might", "will be taken", or "occur" and similar expressions) are not statements of historical fact and may be forward-looking statements.

This news release includes forward-looking statements that are subject to risks and uncertainties. Forward-looking statements involve known and unknown risks, uncertainties, and other factors that could cause the actual results of Norvista to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements. All statements contained in this news release, other than statements of historical fact, are to be considered forward-looking. Although Norvista believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Accordingly, readers should not place undue reliance on forward-looking information. Norvista does not undertake to update any forward-looking information except in accordance with applicable securities laws.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/86661

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