Brossard, Quebec - TheNewswire - April 16, 2025 – Windfall Geotek (CSE: WIN) a leader in the use of Artificial Intelligence (AI) since 2005 in the mining sector for digital exploration is pleased to announce a management restructuration done February 22, 2025.

Windfall Geotek Inc. has appointed Michel Fontaine, Marcel Robillard, Mario Drolet to the board of directors of the company. Effective March 1, 2025, Mr. Daniel Belisle was nominated CFO of the Company.

The company also announces the resignations of David Beck, Dorian Nicol and Joseph Lafleur from their roles as directors of the company. Scott Kelly, CFO finished his Mandate March 1, 2025. Moreover, David Beck, resigned from Chairman, President and CEO, effective February 21, 2025.

About the new nominees:

Michel Fontaine - Interim Chairman, President & CEO and Director

Mr. Fontaine is a private investor, entrepreneur and board member with broad experience in the financial and mining industries spanning over two decades. He is the founder of Windfall in 2005 and previously served as its President, CEO from 2015 and 2021, and remained involved with the company as its sales manager. Prior to founding the company, Mr. Fontaine worked at Merrill Lynch and BMO Nesbitt Burns Inc. as a financial adviser. Mr. Fontaine also has extensive experience serving on the boards of public mining companies and is on the board of Puma Exploration Inc. (TSX-V: PUMA) since 2020. He also previously served on the boards of AEMQ, Metanor Resources Inc. and Everton Resources Inc.

Marcel Robillard - Director

Mr. Robillard is an experienced geologist with over 25 years of experience in the mining industry. He is the president and chief executive officer of Puma Exploration Inc. (TSX-V: PUMA) since 2009. Mr. Robilliard also serves on various boards of public mining companies, including Canadian Copper Inc. (CCI: CSE) and PEZM Gold Inc. (TSX-V: PEZM.H) and previously served as a director of BWR Exploration from 2016 to 2020. From 1998 to 2007, Mr. Robillard held the position of project geologist and project manager at Geominex, a geology and exploration consulting company, before taking on the role of president from 2007 to 2015. Mr. Robillard has a BSc in geology and an MSc in earth sciences from the Universite du Quebec a Montreal, Canada.

Mario Drolet - Director

Mr. Drolet is a seasoned finance professional with over 30 years of experience across capital markets and investor relations globally. He is the founder and president of MI3 Financial Communications Inc., in which capacity he has worked with numerous mining companies providing financial communication and market intelligence services. Mr. Drolet has a record of fostering growth for small to medium-sized public companies by enhancing visibility, attracting investors and facilitating capital-raising initiatives. He had also previously worked with the Montreal Exchange and CIBC Wood Gundy. In addition to his broad financial expertise, Mr. Drolet also serves on the boards of Leopard Lake Gold Corp. (CSE: LP) and QNB Metals Inc. (CSE: TMI.X). He previously served on the board of Sparks Energy Minerals Inc.

Daniel Belisle – Chief Financial Officer

Mr. Daniel Bélisle, is a professional accountant, with over 30 years of operational and advisory experience and is currently Chief Financial Officer and Corporate Controller of public companies since 2008. Daniel is also President of BF Growth Capital and has act as Chief Financial Officer of Glen Eagle Resources, Genius Properties, Canadian Metals, small gold explorers and producers and as consultant for various small companies of the mining and technological sector. Mr. Bélisle was on the board of Diabras Exploration, the Sage Group consulting and adviser for small capitalization management companies. He has an extensive experience in management positions specialized in operational audit, performance accounting and financial management. Earlier in his career, Mr. Bélisle also acted as controller of the manufacturing division for UAP and as principal auditor at Canadair (Bombardier). He obtained his Bachelor of Business Administration at HEC Montreal, and holds the diploma of chartered professional accountant (CPA).

Windfall Geotek is an Artificial Intelligence company that has been in business for over 20 years developing its proprietary AI System analysis (AI) and data mining techniques. All our It combines available public and private datasets including geophysical, drill hole and surface data. The algorithms used by Windfall are designed to highlight areas of interest that have the potential to be geologically similar to other gold, copper, Nickel and Zinc deposits/mines in the same geological context.  

Michel Fontaine Interim Chairman, CEO and President of Windfall Geotek states: “When we began in 2005, talking about algorithms, datamining, scoring engine, data driven approach, all these terms were just not familiar to everyone. My nickname was Blackbox. After 20 years working with our AI system, I can tell everybody, if you trust your data, you must trust our AI data driven approach. Our approach is faster (takes 10-15 days to run our AI System and generate targets), Greener (we reduce the size of your project than 98-99%) and cost-effective solutions because our rates of success in the past was more than 70% when clients were serious to work on our targets. We used our team of geologists only 4 times to explore on the targets we have defined for our clients and they found 3 times something very interesting. Our Approach have done more than 37 client’s discoveries. Our best client’s success began in 2005 with the discovery of kimberlites in Brazil, the Noront’s discovery in the ring of Fire in 2007(Diagnos stock went at $1.03), Metanor (Bachelor), Falco (2018) Canada Nickel (2019). Unfortunately, the Canada Nickel discovery announced in March 2019 was our last validation done by a client.

 

I decided to come back to lead Windfall helped with the experience of Marcel Robillard as a Geologist, and Mario Drolet specialist as a Marketing. These two directors will help me with this new approach. It is time to prove this AI data driven Approach by exploring/working 10 of our targets generated by our AI System.  We will continue to offer our services in the same time. We just want to show how this AI System is effective. We are talking about R&D here. Our clients invested a lot of money in data. By taking this approach, 100% of this data will work. Time to build value for our shareholders and clients with this new business plan. In the last months, we have done many internal works by using public data available in Canada and Australia. More news to come to explain our strategy. Last thing, for the Landmine detection, we restarted some tests right now. More we will know how to work with these drones’ data and more we will use this knowledge in the mining.”.

 

About Windfall Geotek – Powered by Artificial Intelligence (AI) since 2005

 

Windfall Geotek is a services company using Artificial Intelligence (AI). Windfall Geotek can count on a multidisciplinary team that includes professionals in geophysics, geology, Artificial Intelligence, and mathematics. The Company's objective is to work/validate some of our best targets generated by our AI System and develop a new royalty stream by significantly enhancing and participating in the exploration success rate of mining and to continue the Land Mine detection application as a high priority.

 

For further information, please contact:

 

Michel Fontaine

Interim Chairman, CEO and President of Windfall Geotek

Telephone: 514-994-5843

Email: michel@windfallgeotek.com

Website: www.windfallgeotek.com

Additional information about the Company is available under Windfall Geotek’s profile on SEDAR at www.sedar.com. Neither the TSX Venture Exchange nor does its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.

FORWARD LOOKING STATEMENTS This news release may contain forward‐looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although the Company believes the expectations expressed in such forward‐looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Forward‐looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date such statements were made. The Company expressly disclaims any intention or obligation to update or revise any forward‐looking statements whether as a result of new information, future events or otherwise. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of TSX Venture Exchange) accepts responsibility for the adequacy of accuracy of this release