Silver Spruce appoints Boltz president, CEO

Silver Spruce Resources Inc.'s board of directors has approved the appointment of Karl Boltz as president and chief executive officer of the company. Mr. Boltz has also been appointed by the board to serve as a director of Silver Spruce.

"On behalf of fellow board members, I congratulate Karl on his new leadership role as president and CEO and welcome him to the board of directors of Silver Spruce Resources Inc.," stated chairman, Dr. Brian Penney. "I would also like to thank Mr. Stephan Jedynak for his leadership during the restructuring and turnaround process that has helped to position the company to pursue opportunities that can enhance value for our shareholders."

Mr. Boltz was the co-founding president, CEO and director of EXMIN Resources Inc. (since merged with Sierra Metals). Fluent in Spanish, Mr. Boltz has worked for and with numerous public and private mining companies in Mexico in various management capacities. He has over 15 years leading and managing mining project activities, with the most recent 10 years concentrating on public company creation, project acquisition, financing, market development and administrative management. Mr. Boltz has provided services to the company as the general manager of Mexico operations since June, 2015.

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