Xplore Resources Corp. Announces Leadership Change with Appointment of Devin Pickell

In a significant development for Xplore Resources Corp., the mining exploration company listed on the TSX Venture Exchange has appointed Devin Pickell as its new President, Chief Executive Officer, and a director. This strategic move, announced on May 15, 2025, marks a pivotal moment for the company as it seeks to leverage Pickell’s extensive industry experience to advance its projects and enhance shareholder value.

Devin Pickell, a registered professional with nearly two decades of experience in the mining sector, brings a wealth of expertise in gold and lithium project development across North America. His career highlights include pivotal roles in the Rice Lake region of the Red Lake greenstone belt, where he played a crucial role in the sale of the Rice Lake mine to Klondex Mines and the discovery of multiple new deposits. Additionally, Pickell co-founded 1911 Gold and currently serves as a senior geological consultant for various junior gold and lithium projects in Ontario.

The appointment follows the resignation of Dominic Verdejo from his roles as President, CEO, and director, signaling a new chapter for Xplore Resources Corp. Under Pickell’s leadership, the company is poised to capitalize on its Surge Project in northwestern Ontario, a critical minerals initiative in the Root Bay area. Pickell expressed his enthusiasm for the role, emphasizing the project’s potential and his commitment to driving the company’s growth and success.

With a market capitalization of 526,015 CAD and a close price of 0.02 CAD as of May 4, 2025, Xplore Resources Corp. has experienced significant volatility over the past year, with a 52-week high of 0.14 CAD and a low of 0.01 CAD. The appointment of a seasoned executive like Pickell is expected to instill confidence among investors and stakeholders, as the company navigates the challenges and opportunities within the mining exploration sector.

As Xplore Resources Corp. embarks on this new phase under Pickell’s guidance, the focus will be on advancing the Surge Project and exploring other strategic opportunities to enhance the company’s portfolio and market position. With his proven track record and deep industry knowledge, Pickell is well-equipped to lead the company towards achieving its objectives and delivering value to its shareholders.

In summary, the appointment of Devin Pickell as President and CEO of Xplore Resources Corp. represents a strategic move to leverage his extensive experience and expertise in the mining sector. As the company looks to the future, Pickell’s leadership is expected to play a crucial role in advancing its projects and strengthening its position in the competitive landscape of mining exploration.