Subject: Searrch Minerals Inc.
PDF Document
File: Attachment 20240216 - Open Letter to shareholders (FINAL).pdf
JOSEPH LANZON B.P.A, M.P.A
58 Sparks Street.
Box 279 staon B. Otawa, Ontario, K1A 6C4.
Joseph.Lanzon@Outlook.com
www.concernedforsearchminerals.com
February 16, 2024
JOCELYN BENNETT AND GEORGE MOLYVIATIS MUST RESIGN
FROM THE SEARCH MINERALS INC. BOARD NOW
Open leter to the Search Minerals Shareholders,
I am once again wring to you on my own behalf and on behalf of other interested stakeholders of
Search Minerals Inc. (TSXV-SMY) (the "Company" or "Search") to express the need for fundamental
change at the Company. Please connue to visit www.concernedforsearchminerals.com to obtain
current informaon regarding the requision process, as we have been seeking change since August
2023.
Directors Jocelyn Bennet and George Molyvias are facing serious allegaons of fraudulent
misrepresentaon in Brish Columbia and are subject to a criminal invesgaon in Switzerland on
charges of misappropriaon of investors' funds, criminal mismanagement, and fraud. Faced with
these types of serious allegaons, which undermine investor confidence and harm the interests of
the Company, these directors should resign. WE DESERVE BETTER.
Recently, the Supreme Court posted the following decisions in the fraudulent misrepresentaon
acon in Brish Columbia:
dot November 11, 2023 - htps://www.bccourts.ca/jdb-txt/sc/23/20/2023BCSC2021.htm
dot December 22, 2023 - htps://www.bccourts.ca/jdb-txt/sc/23/22/2023BCSC2279.htm
In a Ruling by the Supreme Court of the Commonwealth of the Bahamas in August 2022, the Supreme
Court described the criminal allegaons against Molyvias and Bennet in Switzerland. This decision
can be found here:
dot htps://www.courts.bs/wp-content/uploads/2022/09/AG-v-Jocelyn-Bennet-0509-
2022.pdf
We appreciate the thousands of site visits by our shareholders and their overwhelming support for
this necessary change. This Board has not provided the shareholders with any strategic vision nor
displayed any competence; they don't even have a website for shareholders to visit.
The Concerned Shareholders of Search Minerals ("Concerned Group") connue to raise substanve
issues respecng Search Minerals' current Board and the dysfunconal management of the
Company. This current Board's acons have seriously damaged the Company and the interests of
shareholders by having the shares halted for compliance review since December 19, 2023. This Board
has not issued any substanve corporate update since November 2, 2022. An Annual General Meeng
("AGM") should have been called by the directors before February 2, 2024. They did not call a
meeng; another failure by this Board at the expense of Search shareholders.
The Concerned Group will now take the appropriate steps under B.C. law to call the AGM ourselves.
We regret having to take this step due to the inacon of the current Board. The funds necessary to
undertake this process could have been beter used to advance the rare earth project.
Search Mineral's shareholders deserve a professional, ethical, and responsible leadership team to
engage with the community, guide development, and build long term value through sustainable
investment in our world-class rare-earth element mining project in South-East Labrador. We need to
proceed with our bankable feasibility study and establish a revised project sancon date.
We have a strategic vision including funding, to advance Search Minerals, but it cannot be done with
the current board of directors. We are building a very strong and capable Advisory Board to turn this
Company around and to start moving in the right direcon.
The Time for change is now. As such, we demand the immediate resignaons of Molyvias and
Bennet and we will replace them with Mr. Lanzon and a representave from our Indigenous Partner,
NunatuKavut Community Council ("NCC"), along with another independent board member.
Mr. Lanzon is an experienced execuve level advocate with a proven track record of promong
shareholder's interests at the highest levels of government and TSXV. Mr. Lanzon is well posioned to
secure financing for Company and to strengthen board governance and accountability.
"Joseph Lanzon"
cc. Registered office - Dumoulin Black LLP email
CFO Mathew Anderson email
Mao & Ying - Linda Zhu Auditor email
TSX Venture Exchange Atn: Mani Sanghera, Manager Compliance and Enforcement.- email
BC Securies Commission inquiries@bcsc.bc.ca
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