Toronto, Ontario–(Newsfile Corp. – February 16, 2021) – XAU RESOURCES INC. (TSXV: GIG.P) (the “Corporation“) announces that a member of its board of directors, Dr. Pavel Maslovskiy, was unexpectedly arrested in Moscow, Russia and detained in connection with a commercial matter unrelated to the Corporation. Dr. Maslovskiy rejects the charges of the Russian authorities, which he contends are false and without merit, and intends to mount a vigorous defence. Nevertheless, Dr. Maslovskiy has resigned from the Corporation’s board of directors pending the resolution of these legal matters.
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