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Jun 06, 2008
Mindoro Announces Executive Appointments
EDMONTON, Alberta; June 6, 2008 - Mindoro Resources Ltd. (TSXV: MIO; Frankfurt: WKN 906167) is very pleased to announce the appointment of Penny Gould to the position of President and Eugene Zarowny to the position of Chief Financial Officer. Tony Climie will continue as the company's Chief Executive Officer and has been appointed Chief Operating Officer. These appointments are effective immediately.
Penny Gould has been with Mindoro since 1996 and for the past several years has been responsible for the day-to-day operations of the company's Canadian head office as well as the administrative and financial functions of the Philippine subsidiary. Penny is well-qualified for her new position, which recognizes the corporate leadership she has provided to date. Penny's appointment as President will allow Tony Climie to further focus on advancing the company's multiple nickel laterite, porphyry copper-gold, and epithermal gold prospects in the Philippines. As CEO and COO, Tony Climie will continue to provide strategic guidance and hands-on operational leadership. Tony is responsible for overseeing Mindoro's strategy of maintaining a diverse resource exposure in the Philippines and advancing early stage opportunities through to production or joint venture.
Tony Climie commented that "For the past decade Penny has played a major role in managing Mindoro's corporate functions and in helping build the Company; a role she has handled superbly and continues to grow into. Penny has effectively been the face of Mindoro in Canada, allowing me to concentrate on our Philippine operations. Her promotion to President will allow me to have an even greater focus on advancing and expanding our Agata North nickel, and Kay Tanda and SW Breccia gold resources, as well as unlocking the value of over 20 promising porphyry copper-gold and epithermal gold prospects. These changes are a natural evolution of management responsibilities as we continue to grow the company, and I look forward to working with Penny and Eugene in their new roles".
Eugene Zarowny is a Chartered Accountant and Certified Financial Planner who brings more than 15 years of financial accounting, corporate finance, strategic planning and management experience to Mindoro. He was most recently the Manager of Finance for a private construction services company with significant annual revenues and previously served as the Interim Chief Financial Officer for the Canadian division of an international company listed on the NYSE. Eugene will be responsible for all the company's accounting functions. Eugene's appointment to CFO will further strengthen Mindoro's well-focused management team.
Mindoro is a Tier 1 Issuer trading on the TSX Venture Exchange (MIO) and the Frankfurt Stock Exchange (WKN 906167). In addition to advancing the Agata nickel laterite project towards production, Mindoro has NI 43-101 compliant resource estimates on its Kay Tanda gold-silver project and its Agata nickel laterite project. The company has also identified 22 porphyry copper-gold prospects in the Philippines and is currently involved in several advanced joint venture discussions.
For further information, contact:
Penny Gould, President
Toll Free: 1.877.413.8187
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
This release may contain forward-looking statements including management's assessments of future plans and operations, and expectations of future production. These statements are based on current expectations that involve a number of risks and uncertainties, which could cause actual results to differ materially from those anticipated. These risks include, but are not limited to, the risks associated with the mining and exploration industry (e.g. operational risks in development, exploration and production; delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertainty of reserve estimates; the uncertainty of estimates and projections relating to production). The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.
You can view the Next Press Releases item: Wed Jun 25, 2008, Mindoro Retains Renmark Financial For Investor Relations Services
You can view the Previous Press Releases item: Tue May 27, 2008, Environmental Compliance Certificate Granted for Agata Nickel Project
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