Aventis Energy Announces Management Changes

Rhea-AI Summary

Aventis Energy (OTC:VBAMF) has announced significant management changes, with Michael Mulberry appointed as CEO and Corporate Secretary, and John Eren joining as Director, effective immediately. Mulberry brings over 20 years of mining exploration experience, including leadership roles at Roogold Inc., FenexOro Gold Corp., and Benjamin Hill Gold Corp.

The changes follow the resignation of Mandeep Parmar from his position as Interim CEO and Director, and Kelly Pladson as Corporate Secretary. The company has granted 500,000 stock options to Mulberry, exercisable at $0.55 per share for three years.

Positive

• Appointment of experienced CEO with over 20 years in mining exploration
• New CEO has successful track record founding and leading multiple mining companies
• Addition of John Eren brings valuable corporate development expertise from Gold Line Resources and Crystal Exploration

Negative

• Departure of both Interim CEO and Corporate Secretary creates potential transition risks
• Significant stock options grant of 500,000 shares represents potential dilution

VANCOUVER, British Columbia, July 30, 2025 (GLOBE NEWSWIRE) -- Aventis Energy (“Aventis” or the “Company”) (CSE:AVE | FRA:C0O0 | OTC: VBAMF) is pleased to announce the appointment of Michael Mulberry, current Director of Aventis, as Chief Executive Officer and Corporate Secretary of the Company and the appointment of Mr. John Eren as a Director of the Company, effective immediately.

Mr. Michael Mulberry, Chief Executive Officer of the Company, who brings over 20 years of experience with mining exploration companies, commented, “I am honoured to take on the role of CEO at Aventis Energy. With a strong foundation, and a clear focus on advancing our portfolio, I look forward to working with the team to guide our exploration efforts and deliver long-term value for our shareholders. I’m confident in the team we have put together and look forward to collaborating with the team and our partners moving forward.”

Mr. Mulberry’s background includes several management positions such as President, CEO and Director of Roogold Inc. (2018-2022), and director and/or officer at Secova Metals Corp., Westkam Gold Corp. and World Organics Inc. Additionally, Mr. Mulberry has provided geo-technical services, project management, logistics and technical support to numerous mining exploration companies. Most recently, Mr. Mulberry was Founder, Director and President of FenexOro Gold Corp. (2017-2020) and Founder, Director, and Chief Financial Officer of Benjamin Hill Gold Corp.

Mr. Eren, the Company’s newest member of the Board of Directors, from 2020 to 2023 Eren served as VP Corporate Development at Gold Line Resources Ltd. which was acquired by Barsele Minerals Corp. (now First Nordic Metals Corp.). From 2016 to 2019, Mr. Eren served as a corporate development executive for Crystal Exploration Inc., the shell company that subsequently became Thesis Gold Inc. From 2004-2016, Mr. Eren also spent 12 years as a senior member of Universal Mineral Services team. The company founded four publicly listed junior mining resource companies and Mr. Eren was responsible for the development, implementation and execution of investor relations and corporate development strategies. Eren holds an HBA in Economics from Laurentian University.

Mandeep Parmar, former Interim Chief Executive Officer and Director of the Company, commented, “I am proud to welcome Michael Mulberry as the new CEO of Aventis. The Company is at a transformative stage in its development, and Mr. Mulberry’s experience will be instrumental in advancing our promising projects. During my tenure as interim CEO, we achieved several key milestones, including the acquisition of the Corvo Project, the completion of a work program at the Corvo Project, and a significant strengthening of the Company’s balance sheet. I look forward to continuing to support Aventis in a consulting capacity.”

Mr. Parmar will resign from his position as Interim Chief Executive Officer and Director of Aventis, effective immediately. Additionally, Ms. Kelly Pladson is resigning from the position of Corporate Secretary of Aventis, effective immediately. Aventis wishes to thank Mr. Parmar and Ms. Pladson for their dedication to the Company and extends its best wishes for their future endeavours.

Options Issuance

The Company has granted an aggregate of 500,000 stock options (the "Options”) to Michael Mulberry. The Options are exercisable at a price of $0.55 per share for a period of three years. The Options have been granted under and are governed by the terms of the Company’s Stock Option Plan.

About Aventis Energy Inc.

Aventis Energy Inc. (CSE: AVE | FRA: C0O0 | OTC: VBAMF) is a mineral exploration company dedicated to the development of strategic projects comprised of battery, base and precious metals in stable jurisdictions. The Company is working to advance its Corvo Uranium & Sting Copper Project.

The Corvo Uranium property has historical drill holes intersected multiple intervals of uranium mineralization, notably along a strike length of 800 metres between historical drill holes TL-79-3 (0.116% U₃O₈ over 1.05 m) and TL-79-5 (0.065% U₃O₈ over 0.15 m)². High-grade* Uranium at Surface with the Manhattan showing (1.19 to 5.98% U₃O₈) and SMDI showing 2052 (0.137% U₃O₈ and 2,300 ppm Th).

The Sting Copper Project covers approximately 12,700 hectares and recently had results of 54.8m at 0.32% Cu starting at a depth of 27.0m, with higher-grade intervals including six samples (≥0.5m length) ranging from 0.96% to 5.43% Cu. High grade samples of 0.5m at 2.85% Cu and 0.5m at 1.92% Cu with an additional broader interval of 31.1m at 0.27% Cu.

On Behalf of the Board of Directors

Michael Mulberry
Chief Executive Officer, Director
+1 (604) 229-9772
info@vitalbatterymetals.com

Disclaimer for Forward-Looking Information

This news release includes certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and “forward-looking information” under applicable Canadian securities laws. When used in this news release, the words “anticipate”, “believe”, “estimate”, "expect”, “target”, “plan”, “forecast”, “may”, “would”, “could”, “schedule” and similar words or expressions, identify forward-looking statements or information.

Forward-looking statements and forward-looking information relating to any future mineral production, liquidity, enhanced value and capital markets profile of Aventis, future growth potential for Aventis and its business, and future exploration plans are based on management’s reasonable assumptions, estimates, expectations, analyses and opinions, which are based on management’s experience and perception of trends, current conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances, but which may prove to be incorrect. Assumptions have been made regarding, among other things, the price of uranium, copper, gold and other metals; costs of exploration and development; the estimated costs of development of exploration projects; Aventis’ ability to operate in a safe and effective manner and its ability to obtain financing on reasonable terms.

This news release contains “forward-looking information” within the meaning of the Canadian securities laws. Statements, other than statements of historical fact, may constitute forward looking information. With respect to the forward-looking information contained in this news release, the Company has made numerous assumptions regarding, among other things, the geological, metallurgical, engineering, financial and economic advice that the Company has received is reliable and are based upon practices and methodologies which are consistent with industry standards. While the Company considers these assumptions to be reasonable, these assumptions are inherently subject to significant uncertainties and contingencies. Additionally, there are known and unknown risk factors which could cause the Company’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information contained herein. Known risk factors include, among others: fluctuations in commodity prices and currency exchange rates; uncertainties relating to interpretation of well results and the geology, continuity and grade of uranium, copper, gold and other metal deposits; uncertainty of estimates of capital and operating costs, recovery rates, production estimates and estimated economic return; the need for cooperation of government agencies in the exploration and development of properties and the issuance of required permits; the need to obtain additional financing to develop properties and uncertainty as to the availability and terms of future financing; the possibility of delay in exploration or development programs or in construction projects and uncertainty of meeting anticipated program milestones; uncertainty as to timely availability of permits and other governmental approvals; increased costs and restrictions on operations due to compliance with environmental and other requirements; increased costs affecting the metals industry and increased competition in the metals industry for properties, qualified personnel, and management. All forward-looking information herein is qualified in its entirety by this cautionary statement, and the Company disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events or developments, except as required by law.

The Canadian Securities Exchange (CSE) does not accept responsibility for the adequacy or accuracy of this release.

FAQ

Who is the new CEO of Aventis Energy (VBAMF)?

Michael Mulberry has been appointed as the new CEO and Corporate Secretary of Aventis Energy, bringing over 20 years of experience in mining exploration companies.

What experience does Michael Mulberry bring to Aventis Energy (VBAMF)?

Mulberry has served as President and CEO of Roogold Inc. (2018-2022), founded FenexOro Gold Corp. (2017-2020), and has held leadership positions at several mining companies, providing geo-technical services and project management.

What stock options were granted to the new Aventis Energy CEO?

The company granted 500,000 stock options to Michael Mulberry, exercisable at $0.55 per share for a three-year period.

Who is leaving their position at Aventis Energy (VBAMF)?

Mandeep Parmar is resigning as Interim CEO and Director, and Kelly Pladson is resigning as Corporate Secretary, both effective immediately.

What are the key achievements of John Eren, the new Aventis Energy director?

John Eren served as VP Corporate Development at Gold Line Resources Ltd. (2020-2023), was a corporate development executive at Crystal Exploration Inc. (2016-2019), and spent 12 years at Universal Mineral Services.