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Royal Road Minerals


New mines for a new world



September 8, 2021Toronto, Ontario: Royal Road Minerals Limited (TSXV:RYR) (“Royal Road” or the “Company”) is pleased to announce the appointment of Raul Farfan to the role of Executive Director Sustainability and the promotion of Ivan Devia to the role of Chief Operating Officer.

Raul Farfán is a Sustainability & Governance (ESG) expert with more than 20 years of experience in Corporate Social Responsibility, Communications, Sustainable Development, Government Relations and Stakeholder Engagement and Management across South America, North America and Asia. Raul has worked in ESG senior management roles for global energy and mining companies such as; Cambior, Xstrata-Copper, Antamina, Kallpa Energy, Newmont Corporation and Goldfields. Notably, Raul worked for Newmont as Senior Director - External Relations – Peru and Regional Director – External Relations - Yanacocha; for the BHP-Teck-Glencore-Mitsubishi JV at the Antamina mine in Peru as the Community Relations Manager; as Government and Community Relations manager for Xstrata Copper at the Tampakan Project in the Philippines and also at the Las Bambas Project in Peru and he spent 5-years working with Social Capital Group, consulting on various resource projects with major companies in South America and around the World. Raul has a BSc Chemistry from the University of Cayetano Heredia, Peru; an MSc in Environmental Science and Technology from the UNESCO International Institute for Hydraulics, Infrastructure and Environmental Engineering in the Netherlands and a Certificate in Business Management from the University of San Ignacio de Loyola, Peru.

Ivan Devia is a co-founder the Company and has worked with Royal Road as Operations Director and VP-Operations since 2015. Ivan has been instrumental in ensuring the security, operational safety and effectiveness of Royal Road’s exploration, social and environmental teams. He has helped guide the Company’s strategy at both the project and regional-scale throughout Nicaragua and Colombia and played a leading role in community, joint-venture and stakeholder relations. Ivan had a distinguished military career serving with the Colombian Special Forces, he is a graduate in Military Science, Human Rights and International Humanitarian Law from the University of Nueva Granada and has worked with BP Exploration; KBR – Halliburton (Iraq); Anglogold Ashanti Colombia as Manager of the Operations Center and B2Gold Colombia, as Health Safety and Security Manager.

“The appointment of Raul, the elevation of Ivan to the role of COO and the recent appointment of ESG-specialist Liz Wall as the Company’s Chair, coupled with the hard work and dedication of our environmental and social teams in both Colombia and Nicaragua, reflects the Company’s long-held commitment to international best practices, to effective innovation in environmental mitigation and to the creation of sustainable community and stakeholder partnerships based on mutual respect and understanding” said Dr Tim Coughlin, Royal Road’s President and CEO “Our approach to Security, Safety and ESG is hands-on, practical, meaningful and pervasive top to bottom throughout the organization. Actions are louder than words and I am confident that with these new management changes, the Company is even better placed to prove itself as more than just an effective explorer”

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 release.

Cautionary statement:

This news release may contain certain information that constitutes forward-looking statements. Forward-looking statements are frequently characterized by words such as “plan,” “expect,” “project,” “intend,” “believe,” “anticipate” and other similar words, or statements that certain events or conditions “may” or “will” occur and include statements regarding the use of proceeds from the private placement transactions. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. These factors include the inherent risks involved in financing transactions, exploration and development of mineral properties, the hiring and retention of directors and officers, the uncertainties involved in interpreting drilling results and other geological data, fluctuating metal prices, permitting and licensing and other factors described above and in the Company’s most recent annual information form under the heading “Risk Factors”, which has been filed electronically by means of the Canadian Securities Administrators’ website located at The Company disclaims any obligation to update or revise any forward-looking statements if circumstances or management’s estimates or opinions should change. The reader is cautioned not to place undue reliance on forward-looking statements.

For further information please contact:

Dr. Timothy Coughlin

President and Chief Executive Officer

+44 (0)1534 887166