Gold Jubilee Announces Appointment of Mr. Blair Schultz to Board of Directors

VANCOUVER, BC–(Marketwired – August 09, 2016) – Gold Jubilee Capital Corp. (TSXV:GJB) is pleased to announce the appointment of Mr. Blair Schultz to the Company’s Board of Directors.

Mr. Schultz currently serves on the board of directors for Klondex Mines Ltd. and Eastmain Resources Inc., positions he has held since June 2012 and April 2016 respectively. Previously, Mr. Schultz sat on the board of directors of VMS Ventures Inc. and acted as Chair of the Special Committee, establishing a successful merger with Royal Nickel Corporation, which was consummated on April 27^th, 2016.

As Chairman of Klondex, he played a vital role in restructuring the corporation, rescuing it from insolvency, and attracting and hiring new key management. Mr. Schultz later took a temporary role with the executive at Klondex from September 2014 to August 2015, focusing on finance, investor relations, capital markets, and business development. Over the past four years Klondex has progressed from an insolvent exploration company into one of TSX’s great mining success stories during a difficult gold cycle.

Prior to his time at Klondex, Mr. Schultz spent 13 years from 2001 to 2014 with K2 & Associates Investment Management Inc. where he held various positions, most notably Vice President. Mr. Schultz holds an Honours Bachelor of Mathematics degree from the University of Waterloo with a Business Administration option from Wilfrid Laurier University.

Mr. Schultz stated, “I am extremely excited to join Gold Jubilee. Mike and his team have had a history of success discovering and proving economic mining assets. Today’s portfolio is very promising and I am excited to be a part of building a successful mining company with this experienced team.”