Vancouver, British Columbia – July 21, 2025 – TheNewswire - Boksburg Ventures Inc. (the “Company”) is pleased to announce that, effective July 22, 2025, the Company will be changing its name from Boksburg Ventures Inc. to Bighorn Metals Corp.  (the “Name Change”) to better reflect its evolving business strategy and focus.

 

The new CUSIP number will be 08986A108 and the new ISIN number will be CA08986A1084. No action is required by existing shareholders of the Company with respect to the Name Change. Outstanding physical certificates or direct registration system (DRS) statements representing common shares of the Company do not need to be exchanged.

 

The Company is also pleased to announce the immediate appointment of Mr. Konstantinos “Kosta” Tsoutsis as Chief Executive Officer (“CEO”), Mr. Kevin Cornish, the current Chief Financial Officer, as Corporate Secretary, and Mr. Reno Calabrigo as a Director. These appointments follow the resignation of Mr. Johannes (Theo) van der Linde from his positions as CEO, President, Corporate Secretary, and Director.

 

Mr. Tsoutsis brings more than two decades of experience in finance and capital markets. He has served as an investment advisor with prominent firms including Mackie Research, Jordan Capital Markets, and Canaccord Capital Corp. Throughout his career, Mr. Tsoutsis has focused on the development, restructuring, and financing of venture-stage companies, raising over CDN$30 million for public and private enterprises globally. He has held leadership positions, including director and officer roles, with several companies listed on the TSX Venture Exchange and the Canadian Securities Exchange, providing valuable expertise in public company governance, regulatory compliance, and capital market strategy. Mr. Tsoutsis currently serves as Chief Executive Officer and a director of M3 Metals Corp. (since November 2017), a director of K9 Gold Corp., a director of First Atlantic Nickel Corp. (since August 2020), and a director of Live Energy Minerals Corp. (since March 2022).

 

With Mr. Tsoutsis leading the executive team, the Company is well-positioned to pursue its strategic goals and long-term vision.

 

Mr. Reno Calabrigo brings extensive leadership experience and a strong academic background to the Company. He holds an MBA from the University of Idaho and a BA from Simon Fraser University. Mr. Calabrigo began his career as Vice President of Consolidated Cinola Mines Ltd. (later City Resources Canada Ltd.), where he oversaw the completion of a Final Feasibility Study for the Cinola Gold Deposit—proving up 25 million ounces of gold—and helped secure more than USD $10 million in project financing. He also played a key role in the company’s listing on the Toronto Stock Exchange.

 

Between 1993 and 2003, Mr. Calabrigo gained further experience in private investment banking. From 2004 to 2007, he served as President of Magnum d’Or Resources, focusing on premium base and precious metal assets in Mongolia and leading complex exploration initiatives, including detailed drilling programs. Since 2008, he has continued his work in private investment banking, utilizing his industry knowledge to guide investment strategies and financial planning. Mr. Calabrigo’s strategic insight and proven track record in resource development and corporate finance will be significant assets to the Company’s leadership team.

 

In connection with the appointments of Mr. Tsoutsis as CEO and Mr. Calabrigo as a Director, the Company has granted each of them 25,000 stock options. These options are exercisable at a price of $0.25 per common share and will expire four years from the date of issuance.

  

About Boksburg Ventures Inc.

 

The Company holds an option to acquire the Loljuh Property, which is located in the Omineca Mining Division of British Columbia.  The Property consists of one claim covering a surface of 1,656.73 hectares in the Omineca Mining Division of Central British Columbia, Canada, 40 km south of the community of Smithers or 29 km west of the community of Houston. The property is prospective for porphyry copper-gold mineralization. No drilling has been conducted on the property.

 

Geochemical work conducted in 2019 outlined several areas of anomalous gold and copper in soil.  These surveys were widespread with lines 400 meters apart and samples taken on 200-meter centers. Rock sampling in 2019 also returned anomalous values of copper and gold from several sites within the plateau area.  The aeromagnetic survey outlined several areas of alteration.

 

The Company has recently completed work on the property that consisted of ground mapping, geological prospecting and sampling, a 50 x 50-meter grid placed over the entire plateau area, a 25 x 50-meter grid placed over the Loljuh area, and a 25 x 25-meter grid placed over the Bornite Zone.

  

On behalf of the Board of Directors of:

 

Boksburg Ventures Inc.

 

“Kosta Tsoutsis”

 

Kosta Tsoutsis

Chief Executive Officer

Phone: (604) 687-2038

 

This news release contains forward-looking information which is not comprised of historical facts. Forward-looking information is characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words, or statements that certain events or conditions “may” or “will” occur. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, and opportunities to differ materially from those expressed or implied by such forward-looking information. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, changes in the state of equity and debt markets, fluctuations in commodity prices, delays in obtaining required regulatory or governmental approvals, and includes those risks set out in the Company’s management’s discussion and analysis as filed under the Company’s profile at www.sedarplus.ca. Forward-looking information in this news release is based on the opinions and assumptions of management considered reasonable as of the date hereof, including that all necessary governmental and regulatory approvals will be received as and when expected. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information. The Company disclaims any intention or obligation to update or revise any forward-looking information, other than as required by applicable securities laws.