Toronto, Ontario–(Newsfile Corp. – January 11, 2024)  Highrock Resources Ltd. (CSE: HRK) (the “Company” or “Highrock”) is pleased to announce that it has appointed Mr. Derrick Dao, P. Eng as the Chief Executive Officer and a director of the Company effective the date hereof. Concurrent with Mr. Dao’s appointment, Mr. Anthony Roodenburg has resigned as the Chief Executive Officer, however, Mr. Roodenburg remains on as the President of the Company and as a director.

In addition to being a successful entrepreneur and founder of several high growth companies, Mr. Dao has extensive transactional experience as part of the natural resource teams at J.P. Morgan, Rystad Energy and McDaniel.

Commenting on the change, Anthony Roodenburg, outgoing CEO, stated: “Derrick is transaction oriented and brings that experience and drive to Highrock. This skillset will be invaluable, as we roll out our plans for growth in North America.”

Regarding his appointment, Mr. Dao notes: “Anthony and I share the view that, while capital markets may be challenging for resource companies, this has created a unique, and possibly generational, opportunity to secure a portfolio of Critical Mineral and energy transition assets.

I am particularly attracted to the extremely small float and clean capital structure at Highrock. This provides a solid foundation for acquisitions without the burden of legacy assets.

As newly appointed CEO of Highrock, I am excited to have the opportunity to help drive this early growth.”

Ms. Nancy Kawazoe has resigned as a director of the Company.

About Highrock

Highrock Resources Ltd. is preparing for a low carbon future. The company is engaged in the business of acquiring and advancing Critical Mineral assets in North America, in anticipation of increased global demand and prices.

For further information, please contact:

Derrick Dao
Chief Executive Officer
437-677-5075

Forward-Looking Statements

This news release contains “forward-looking information” within the meaning of applicable securities laws. All statements, other than statements of historical fact, that address activities, events, or developments that the Company believes, expects or anticipates will or may occur in the future, are forward-looking statements. The forward-looking statements reflect management’s current expectations based on information currently available and are subject to a number of risks and uncertainties that may cause outcomes to differ.

Deveron has placed 30th on the 2023 ranking of Canada’s Top Growing Companies, which ranks companies based on three-year revenue growth.

Deveron earned its spot with a three-year growth rate of 1307%.

Congratulations to David MacMillan, CEO, and the entire team at Devoron Corp. What an incredible journey.

“* I am a founder of Deveron Corp. (TSXV-FARM) and the Founder and CEO of Greencastle Resources Ltd. (TSXV-VGN). Greencastle owns 10,000,000 FARM common shares.

Greencastle Resources Ltd. (TSXV-VGN) has acquired an additional 1.4 million common shares in the capital of Highrock Resources Ltd. (CSE-HRK).

Greencastle now holds 3.9 million common shares, representing approximately 29.31 per cent of the issued and outstanding common shares of Highrock on an undiluted basis.

The Highrock shares were purchased at a price of one cent per common share, pursuant to a share purchase agreement between the company and an arns’ length third party.

Depending on market and other conditions, or as future circumstances may dictate, the company may from time to time increase or decrease its holdings of common shares or other securities of the Highrock. A copy of the early warning report will be available on Highrock’s issuer profile on SEDAR+.

The transaction was conducted in reliance on the private agreement exemption in Section 4.2 of National Instrument 62-104 — Take-Over Bids and Issuer Bids and as a result was exempt from the takeover bid requirements in Part 2 of NI 62-104.

Greencastle Resources Ltd. (TSXV-VGN) has acquired 2.5 million common shares of Highrock Resources Ltd. (CSE-HRK) representing approximately 18.78% of the issued and outstanding common shares of Highrock.

Read more: https://deveron.com/deveron-selected-for-development-of-usda-soil-organic-carbon-training-program/