Minerva Intelligence welcomes new CEO and Directors, announces resignation of previous Executives and Directors

VANCOUVER, BC, May 29, 2023 /CNW/ - Minerva Intelligence Inc. (TSXV: MVAI) (OTCQB: MVAIF) ("Minerva" or the "Company"), is pleased to announce the appointment of a new CEO and the addition of a new Director to its leadership team. These changes reflect the Company's commitment to growth, innovation, and strategic vision.

As of May 25, 2023, Mr. Mihalis Belantis assumes the role of Chief Executive Officer and Director, bringing a wealth of experience and expertise to Minerva. With a strong track record, strategic vision, leadership experience, and passion for business, Mr. Belantis is poised to lead Minerva into its next phase of growth and success.

"We are excited to be part of such a young and dynamic company that is in one of the hottest and fastest growing industries - Artificial Intelligence ("AI") with a focus on Climate Risk and ESG compliance and reporting. With our current AI technology, we are positioned to be the leader in this category and industry," comments Mr. Belantis. "We will leverage our strong technical knowledge and experience in capital markets to deliver solid growth opportunity for our investors and stakeholders."

Accompanying the arrival of the new CEO is Scott Davis, who will be joining the Board of Directors. Mr. Davis brings a diverse range of talents and perspectives that will contribute to the Company's strategic initiatives and long-term growth.

While celebrating the arrival of the new leadership, Minerva bids a fond farewell to its retiring Executives and Directors. Mr. Scott Tillman (CEO and Director), Mr. Jason Petralia (Chairman) and Mr. Gleb Chuvpilo (Director), all who have played a pivotal role throughout their tenure. We thank them for their contributions.

Minerva welcomes all investors and stakeholders to join them on this Climate Solution journey.

About Minerva Intelligence Inc. 

Minerva Intelligence Inc. is a leader in AI driven technology focused on Climate Risk and ESG compliance. Minerva uses cutting-edge AI technologies to address pressing challenges faced by businesses and communities. We specialize in climate science and AI, extracting valuable insights from complex data sets and providing actionable recommendations to our clients.

Minerva's proprietary AI technology is rooted in hazard mapping and climate modeling, enables us to extract valuable insights and package them into actionable ways for a diverse range of applications. With our expertise and technology, we help clients thrive in the face of an ever-changing climate. Minerva's common shares are currently listed on the TSX Venture Exchange (symbol MVAI). For further details, please visit our website www.minervaintelligence.com or follow us on Twitter or LinkedIn.

Cautionary Note Regarding Forward-Looking Statements

Forward Looking Information: This news release includes certain information that may be deemed "forward-looking information". Forward-looking information can generally be identified by the use of forward-looking terminology such as "may", "will", "expect", "intend", "estimate", "anticipate", "believe", "continue", "plans" or similar terminology. All information in this release, other than information of historical facts, including, without limitation, statements with respect to the business strategy and objectives of the Company are forward-looking information that involve various risks and uncertainties. Although the Company believes that the expectations expressed in such forward-looking information are based on reasonable assumptions, such expectations are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking information. Forward-looking information is based on a number of material factors and assumptions. Factors that could cause actual results to differ materially from the forward-looking information include changes in project parameters as plans continue to be refined, , availability of capital and financing on acceptable terms, general economic, market or business conditions, regulatory changes, delays in receiving approvals, and other risks detailed herein and from time to time in the filings made by the Company with securities regulatory authorities in Canada. Actual events may differ materially from those projected in the forward-looking information. For more information on the Company and the risks and challenges of our business, investors should review our continuous disclosure filings which are available at www.sedar.com. Readers are cautioned not to place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws. 

The TSX Venture Exchange has neither approved nor disapproved of the contents of this press release. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

SOURCE Minerva Intelligence Inc.

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