Minerva Intelligence Appoints Craig Tuckman to the Board and Grants 1,166,625 Stock Options to Employees and Board Members

NEWS PROVIDED BY Minerva Intelligence Inc.

Apr 7, 2020, 07:00 ET

Vancouver, BC – Minerva Intelligence Inc. (TSXV: MVAI) (“Minerva” or the “Company”) is pleased to announce the appointment of Craig Tuckman to the Board of Directors. Mr. Tuckman will be replacing Guy Elliot.

Additionally, Minerva announces the granting of incentive stock options to certain of its directors, officers and employees to purchase up to an aggregate of 1,166,625 common shares in the capital stock of the Company. 85,000 of the stock options are exercisable at prices of $0.10, $0.30 and $0.50 per share over a period of three years. 1,081,625 of the stock options are exercisable at prices of $0.07, in varying terms within the next twelve months.


Mr. Craig Tuckman is the Head of Marketing, Metals Americas for Mitsui Busan Commodities (USA) Inc., where his responsibilities include business development for Americas Metals clients, marketing team management, new product development and desk support since joining in 2016.

Mr. Tuckman started his career in 1985 at a metals trade house. In 1994, he began working in commodity derivatives and futures sales in New York before becoming a founding member of the BNP Paribas Commodities desk in 2001. He was promoted to Managing Director in 2004 with responsibilities for global metal products. Beyond traditional commodity trading products, he worked with project and trade finance teams in developing and executing large and highly profitable hedged structured finance products. His work in the sector continued to evolve with numerous risk management advisory and M&A projects for institutional mining and corporate clients as well as supporting hedge fund product requirements integrating and executing syndicated leverage finance hedged facilities for metals sector clients in the sector.

In 2008 he became Managing Director and Global Head of Metals Sales and Structuring for Citigroup. From 2012 through 2016, he worked on commodity projects for a Canadian bank, a large physical bullion trader and an aluminum alloy producer to assist in evaluating and evolving their business models which has also included borrowing base, non-recourse inventory finance, transactional and e-commerce facilities.

Mr. Tuckman also serves on the board of directors of Gaia Real Estate Corp, a multi-family private REIT.

On Behalf of the Board of Directors of

“Alan Mackworth”
Alan Mackworth

About Minerva Intelligence, Inc.

Minerva Intelligence Inc. is a knowledge engineering company based in Vancouver, Canada, with a subsidiary office in Darmstadt, Germany. Their proprietary evidence-based decision-making software is bringing the benefits of artificial intelligence technology to industries dependent on reasoning with complex technical and scientific data.

Although Minerva’s applications currently focus on earth science-related domains including natural hazards and mineral exploration, their technology has application in diverse industries and domains.

Minerva’s common shares are currently listed on the TSX Venture (symbol MVAI).

This news release does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of, “U.S. persons,” as such term is defined in Regulation S under the U.S. Securities Act, unless an exemption from such registration is available.

For further information:

Dan Vroon
Business Development Manager
(604) 620-1051

Virtus Advisory Group
Investor Relations
(416) 644-5081

Cautionary Note Regarding Forward-Looking Statements

Forward Looking Information: This news release includes certain information that may be deemed “forward-looking information”. Forward-looking information can generally be identified by the use of forward-looking terminology such as “may”, “will”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “continue”, “plans” or similar terminology. All information in this release, other than information of historical facts, including, without limitation, the availability of financing to the Company are forward-looking information that involve various risks and uncertainties. Although the Company believes that the expectations expressed in such forward-looking information are based on reasonable assumptions, such expectations are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking information. Forward-looking information is based on a number of material factors and assumptions. Factors that could cause actual results to differ materially from the forward-looking information include changes in project parameters as plans continue to be refined, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, regulatory changes, delays in receiving approvals, and other risks detailed herein and from time to time in the filings made by the Company with securities regulatory authorities in Canada. Mineral exploration and development of mines is an inherently risky business. Accordingly, actual events may differ materially from those projected in the forward-looking information. For more information on the Company and the risks and challenges of our business, investors should review our continuous disclosure filings which are available at www.sedar.com. Readers are cautioned not to place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

The TSX Venture Exchange has neither approved nor disapproved of the contents of this press release. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.