Crystal Peak Minerals Inc. announces the appointment of new chief executive officer

January 3, 2018

Crystal Peak Minerals Inc. announced that it has appointed John Mansanti as president and chief executive officer of the company effective January 2. Mansanti, the 2017 president of SME, will replace Lance D'Ambrosio who has stepped down as president and chief executive officer and as director. D'Ambrosio served as Crystal Peak’s president and chief executive officer since the company’s listing on the TSX Venture Exchange in 2011.

With more than 35 years of experience leading teams in the successful development, construction and operation of mining projects, Mansanti is a highly experienced mining executive. Recognized multiple times for his leadership and technical skills, he has spent most of his career in precious metals and potash. In addition to smaller companies, Mansanti has worked for Intrepid Potash, Barrick Gold, Placer Dome, Newmont Mining and Freeport McMoRan. He currently serves on the board of directors for Rye Patch Gold.

A graduate of the Montana College of Mineral Science and Technology, Mansanti holds a B.S. in chemistry and a M.S. in mineral processing engineering. He has worked as a professional engineer and has published multiple technical papers.

“I am truly pleased to welcome John to our company,” said Lance D'Ambrosio, departing CEO of Crystal Peak. “He brings the perfect mix of big company experience, familiarity with potash, and project and operational know-how. This is the skill set that we will need as we move the Company forward into construction and finally operations.”

D'Ambrosio added; “I have had a great time working here these past years so I want to thank everyone involved. And, as a shareholder, I will be excited to watch as John delivers tremendous shareholder value.”

“I am delighted to be joining the Crystal Peak team and to continue the work that Lance started.” said Mansanti. “There are very few prospects as promising as this one and I look forward to leading our team as we create value and develop this rare asset into a world class operation.”

As part of his employment agreement, Mansanti will be granted an aggregate of 3,902,889 restricted share units ("RSUs") pursuant to the company's Restricted Share Unit Plan. The RSUs will vest into common shares of the company in installments based upon achieving certain project milestones.


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