Published on May 31, 2017 in RNS

Stem 7 Capital Welcomes Mr. Allen Ambrose to the Board

May 31st, 2017 – Vancouver, B.C. – Stem 7 Capital Inc. (“Stem 7” or the “Company”) (TSXV: STS.H) is pleased to welcome Mr. Allen Ambrose to the Board of Directors.

Mr. Allen Ambrose is a licensed Registered Professional Geologist with over three decades of exploration and mining industry experience, throughout North and South America for gold, silver, and other commodities. He has been involved with major and junior mineral exploration and mining companies since 1979. While an executive with junior exploration companies he raised over $180 million in equity capital in companies that discovered over $50 billion of contained metals under his direction.

Mr. Ambrose was a Director and founder of Minera Andes Inc. that was combined with NYSE-listed McEwen Mining in January 2012. He remains a director of McEwen Mining. He previously worked for N. A. Degerstrom Inc. as Manager of Exploration where he was co-discoverer of the Brisas del Cuyuni gold deposit (plus 10 million ounces gold equivalent) in the Kilometer 88 mining area of Venezuela, while acting as a consultant to Gold Reserve Corp. As a geologist he has worked for Cyprus Minerals, Kidd Creek Mines, Molycorp, Boise Cascade and Dennison Mines. He holds a BS in Geology from Eastern Washington University and attended graduate school. He is Registered Geologist #763 with the State of Washington, a Member the Prospector’s and Developer’s Association, and a former trustee of the American Mining and Exploration Association.

“Mr. Ambrose is a welcome addition to the Board and will strengthen our team as we move into the next exciting phase of the Company’s development.” commented CEO Dave McMillan. “His extensive experience in mine development and mineral exploration, along with his numerous contacts in the mining sector and public markets will be significant in Stem 7’s efforts to maximize shareholder value.”

The Company also wishes to announce that Mr. Al Fabbro has reluctantly resigned from the Board due to overwhelming business commitments. Stem 7 appreciates his influence and support over the years and wishes him every success in his future endeavours.

On behalf of the Board,

Dave McMillan
Chairman & CEO
Ph: +1 (778) 773-4560
Email: [email protected]

For additional information, please contact:
Kris Kottmeier
Ph: +1 (604) 506-2502
Email: [email protected]