Company: Newlox Gold Ventures Corp
Listings : Canadian Securities Exchange, Frankfurt, US OTC
Tickers: LUX , NGO, NWLXF
Market cap at time of publication: $ 36 MCAD
Stock price at time of publication: $0.26 CAD
Business: Environmentally friendly and socially responsible gold mining
Market Size: US$180bn
Website: https://newloxgold.com/

ESGFIRE comment: The new recuitment of Mr Wilmer Niquen brings a ton of experience from metallurgical engineering and production facilities. This recruitment bodes well for the ongoing production increase in Plant 1, the second project in Costa Rica and will also play an instrumental part in the expansion for the Brazilian market! The company states “Mr. Ñiquen and his team are implementing the Plant 1 ramp-up and executing the necessary changes. To resolve the availability of supplies, the Company sourced the necessary materials in December of 2021. Newlox has ordered the supplies from multiple sources, with some of the required reagents already
delivered and large reserve amounts being stockpiled on site. Others are currently en route to Newlox
Gold’s operations.” Another valuable pick of todays release was the following ” Operations management are
confident they will achieve the Company’s goal of processing, at base-case full-scale, 80 tonnes per day of artisanal tailings feedstock at Plant 1, with gold recovery expected to exceed 6,500 ounces per year. Mr. Ñiquen is also supervising construction contractors at the Boston Project, which is expected to recover over 20,000 ounces of gold per year at full scale. “ This means that only for Plant 1 based6500 ounces of gold per year would be facing revenues of ~11,6 million USD per year.

Vancouver, BC, 13 January 2022 – Newlox Gold Ventures Corp. (“Newlox” or the “Company”)
(CSE: LUX | Frankfurt/Stuttgart: NGO | PINK: NWLXF) is pleased to announce the appointment of
Wilmer Ñiquen as VP of Operations for the Company. Mr. Ñiquen became operational lead engineer at
the Company’s first environmentally and socially responsible gold recovery plant (Plant 1) at the end of
2021 . Additionally, he oversees the construction of the Company’s second processing plant in Costa Rica,
the Boston project, and will be instrumental in Newlox’s planned expansion into the Brazilian market.
Wilmer Ñiquen brings over 24 years of experience as a metallurgical engineer who has successfully built,
optimized, and operated numerous precious metals production facilities in Peru, Ecuador, Colombia, and
Brazil. His specialties include gravimetric ore concentration, flotation, chemical leaching, carbon elution,
Merrill–Crowe recovery, smelting, refining, as well as wastewater and tailings management.
Mr. Ñiquen has been recognized by the United Nations Industrial Development Organization (UNIDO) as
an International Expert in Mineral Beneficiation following work undertaken in Colombia and Peru in
collaboration with the United Nations and US State Department. He is also, fortunately for Newlox,
familiar with Brazilian mining, having served as the Technical Manager of the MULTIFLOTACAO
Project, a 1,000 tonne per day facility in Mato Grosso State, Brazil.
At Newlox Gold, Mr. Ñiquen’s is ramping up operations at Project 1. Recently he reviewed the
operational performance and identified necessary improvements required to maintain high precious
metals recovery through completion of the ramp-up to full-scale. A comprehensive laboratory
investigation triggered a combination of changes to the milling circuit and an enhanced reagent cocktail to
increase throughput while maintaining excellent efficiency.
Mr. Ñiquen and his team are implementing the Plant 1 ramp-up and executing the necessary changes. To
resolve the availability of supplies, the Company sourced the necessary materials in December of 2021.
Newlox has ordered the supplies from multiple sources, with some of the required reagents already
delivered and large reserve amounts being stockpiled on site. Others are currently en route to Newlox
Gold’s operations.
Management is proud of the operations team and their consistent monthly progress in the face of typical
ramp-up challenges, as well as the daunting current global logistics. Operations management are
confident they will achieve the Company’s goal of processing, at base-case full-scale, 80 tonnes per day
of artisanal tailings feedstock at Plant 1, with gold recovery expected to exceed 6,500 ounces per year.
Mr. Ñiquen is also supervising construction contractors at the Boston Project, which is expected to
recover over 20,000 ounces of gold per year at full scale. The engineering, permitting, earthmoving, site
preparation, and procurement stages of the construction timeline have been completed. Substantial
amounts of the crushing circuit and material handling equipment have been prefabricated at the
construction contractor’s facility for delivery to the site. A delay in the delivery of the primary ball mill,
caused by the unexpected cancellation of the original order, has been overcome by procurement from an
alternative source, with the new ball mill now en route.
Over the past six months, unusual supply chain conditions have made it difficult to provide precise and
accurate operational timelines. The Company will avoid providing near-term guidance until some degree
of stability returns. Management is proud of our team’s accomplishments and remains dedicated to
achieving stated goals.
Newlox Gold is making steady progress in all its initiatives and remains adequately funded to complete
Project 1 and the Boston expansion. Newlox Gold will continue to update the market as it achieves
milestones towards its goal of becoming the first ESG-focused medium-sized gold producer.
A Message from Ryan Jackson, President & CEO:
“We are delighted to welcome Wilmer Ñiquen to the Newlox Gold team. Wilmer is an extraordinary
engineer with an impressive history of building, commissioning, and operating successful precious metals
plants in Latin America. He has proven himself time and time again in the field. We are particularly
fortunate to have access to many of the region’s best engineers, many of whom have worked closely over
many years with Newlox Gold’s Chief Technical Advisor, Dr. Marcello Veiga.
Wilmer has reviewed and confirmed the Company’s fully-funded development plans and takes the helm
with strong support from Newlox’s existing operations and management team. He has a demonstrated
unique ability to work practically and solve problems in real-time. I recently had the pleasure of working
with Wilmer during a visit to the Company’s facilities and look forward to building our dream together
over the coming years.”

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