Sitka Gold Strengthens Board with Additional Project Development and Capital Markets Expertise
Rhea-AI Summary
Sitka Gold (OTCQB:SITKF) appointed Louis Archambeault as an independent director effective February 10, 2026. Archambeault brings 20+ years of mining corporate development, capital markets and project development experience. Sitka plans a 60,000-metre exploration program and subsequent Preliminary Economic Assessment. The company granted 700,000 incentive stock options exercisable at $0.90 for three years, subject to TSXV policies.
Positive
- Appointed Louis Archambeault, adding >20 years of mining project and capital markets expertise
- Announced a planned 60,000-metre exploration program advancing project development
- Plans to complete a Preliminary Economic Assessment following the exploration program
Negative
- Granted 700,000 incentive stock options exercisable at $0.90, creating potential dilution risk
- Options expire in three years, implying limited tempo for exercise and possible short-term share pressure
News Market Reaction
On the day this news was published, SITKF gained 1.41%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Vancouver, British Columbia--(Newsfile Corp. - February 10, 2026) - Sitka Gold Corp. (TSXV: SIG) (FSE: 1RF) (OTCQB: SITKF) ("Sitka" or the "Company") is pleased to announce the immediate appointment of Louis Archambeault to its Board of Directors as an independent director.
Mr. Archambeault is a senior mining executive with over 20 years of experience spanning corporate development, strategy, capital markets, and technical project development across the mining sector. His background includes senior roles in strategy and corporate development, mining-focused private equity, and investment banking, as well as board experience with publicly listed exploration companies.
Mr. Archambeault brings a strong combination of technical and commercial expertise, with experience supporting mining projects from early-stage exploration through to commercial production, including capital allocation strategy, project financing, and M&A transaction execution. He has worked closely with management teams and boards on strategic planning, governance, and engagement with institutional investors and strategic partners.
"We are very pleased to welcome Louis to Sitka's Board," said Cor Coe, Director and CEO of Sitka. "Following the exploration success at our flagship RC Gold Project, Sitka is advancing into the next phase of project development. The Company is planning a 60,000 metre exploration program and the subsequent completion of a Preliminary Economic Assessment. Louis' experience across project development, capital allocation, and strategic decision making will be an important addition to our team as we execute these next steps."
Mr. Archambeault holds a bachelor's and master's degree in mining engineering and has authored technical and financial research in the mining sector. He brings a disciplined, long-term perspective to board oversight, with a focus on value creation, governance, and risk adjusted decision-making.
In connection with the appointment of Mr. Archambeault to the Board, the Company has granted Mr. Archambeault 700,000 incentive stock options (the "Options"). The Options are exercisable at
About Sitka Gold Corp.
Sitka Gold Corp. is a well-funded mineral exploration company headquartered in Canada with over
The Company is currently advancing its flagship RC Gold Project - a 431 square kilometre, district-scale property with year-round road access and 11 reduced intrusion related gold deposit targets strategically located in the heart of the Tombstone Gold Belt just a 2-hour drive from Dawson City, Yukon. To date, the Company has discovered three gold deposits at the RC Gold which currently has pit-constrained, open mineral resources that are contained in two zones: the Blackjack and Eiger gold deposits with 1,291,000 ounces of gold in 39,962,000 tonnes grading 1.01 g/t gold in an indicated category and 1,044,000 ounces of gold in 34,603,000 tonnes grading 0.94 g/t gold in an inferred category at Blackjack and 440,000 ounces of gold in 27,362,000 tonnes grading 0.50 g/t gold in an inferred category at Eiger. These resource estimate numbers are supported by the January 2025 technical report for RC Gold, prepared in accordance with NI 43-101 standards, entitled "Clear Creek Property, RC Gold Project NI 43-101 Technical Report Dawson Mining District, Yukon Territory", prepared by Ronald G. Simpson, P. Geo., of GeoSim Services Inc. with an effective date of January 21, 2025. This report is available on SEDAR+ and on the Company's website. An updated technical report, which will include an initial MRE for the newly discovered Rhosgobel deposit, which is the third deposit discovered to date at RC Gold, is anticipated to be announced in Q1 of 2026.
In addition to the RC Gold Project, the Company has a comprehensive portfolio of several other highly prospective mineral properties across North America, including the Alpha Gold Project in Nevada, the Burro Creek Gold and Silver Project in Arizona and the Coppermine River Project in Nunavut, all of which are
*For more detailed information on the Company's properties, please visit our website at www.sitkagoldcorp.com.
Upcoming Events
Sitka Gold will be attending and/or presenting at the following events*:
- PDAC: Toronto, ON: March 1 - 4, 2026
- Swiss Mining Institute: Zurich, Switzerland: March 18-19, 2026
*All events are subject to change.
The scientific and technical content of this news release has been reviewed and approved by Cor Coe, P.Geo., Director and CEO of the Company, and a Qualified Person (QP) as defined by National Instrument 43-101.
ON BEHALF OF THE BOARD OF DIRECTORS OF
SITKA GOLD CORP.
"Donald Penner"
President and Director
For more information, contact:
| Donald Penner President & Director 778-212-1950 dpenner@sitkagoldcorp.com | or | Cor Coe CEO & Director 604-817-4753 ccoe@sitkagoldcorp.com |
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary and Forward-Looking Statements
This release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends" or "anticipates", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would" or "occur". This information and these statements, referred to herein as "forward‐looking statements", are not historical facts, are made as of the date of this news release and include without limitation, statements regarding discussions of future plans, estimates and forecasts and statements as to management's expectations and intentions and the Company's anticipated work programs.
These forward‐looking statements involve numerous risks and uncertainties and actual results might differ materially from results suggested in any forward-looking statements. These risks and uncertainties include, among other things, market uncertainty and the results of the Company's anticipated work programs.
Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/283381
FAQ
Who is Louis Archambeault and why did Sitka Gold (SITKF) appoint him to the board on February 10, 2026?
What exploration program did Sitka Gold (SITKF) announce and when will it occur?
What are the terms of the incentive stock options granted to Louis Archambeault by Sitka Gold (SITKF)?
How will Louis Archambeault's appointment impact Sitka Gold's (SITKF) project development and capital strategy?
What is the next technical milestone for Sitka Gold (SITKF) after the 60,000-metre exploration program?
