Excelsior Welcomes Two Leading Arizona Citizens to Board of Directors
16 Fevereiro 2012 - 11:30AM
Marketwired
Excelsior Mining Corp. (TSX
VENTURE:MIN)(OTCQX:EXMGF)(FRANKFURT:3XS) ("Excelsior") is pleased
to announce the appointment of Mr. Jim Kolbe and Mr. Steven Lynn to
the Board of Directors of Excelsior, effective immediately.
Mr. Kolbe is a veteran Republican member of the US House of
Representatives for Arizona's 8th congressional district, having
retired after serving 11 terms from 1985 to 2007. Excelsior's
Gunnison Copper Project is located in Arizona's 8th congressional
district. During his tenure as congressman, Mr. Kolbe served as
chair of the Subcommittee on Foreign Operations, Export Financing
and Related Programs of the House Appropriations Committee. He was
also instrumental in the drafting and passage of the North American
Free Trade Agreement (NAFTA). After retiring from office, President
Barack Obama appointed Mr. Kolbe to the Advisory Committee for
Trade Policy and Negotiations in September of 2010. Currently Mr.
Kolbe is a fellow at the German Marshall Fund, as well as a
consultant for McLarty Associates, a strategic advisory and
advocacy firm, offering high-level strategic consultancy services
to a broad spectrum to U.S. and multinational companies.
Mr. Lynn recently retired from his position as Vice President
and Chief Customer Officer at both UniSource Energy Corporation and
Tucson Electric Power Company (TEP). Mr. Lynn joined UniSource
Energy and TEP in 2000. Prior to that, he spent sixteen years as
CEO and owner-partner at Nordensson Lynn & Associates, Inc.,
one of Arizona's leading marketing and communications firms based
in Tucson. Active in his community, Mr. Lynn currently serves as
Chairman of the Arizona Early Childhood Development and Health
Board, as well as Chairman of the University of Arizona College of
Social and Behavioral Sciences Advisory Board.
"I am extremely pleased to be able to welcome two long-time
Arizona residents of the calibre of Jim and Steve to the Excelsior
board," stated Mark Morabito, Chairman of the Board for Excelsior.
"The breadth of their combined experience, spanning both government
and the private sector, will be invaluable as we work to advance
the Gunnison Copper Project to production."
Excelsior has granted certain directors and officers, under the
terms of its stock option plan, options to purchase up to 1,441,333
common shares at a price of $0.73 per share. The options are
subject to vesting over a two year period and have an expiry date
of February 15, 2017.
About Excelsior
Excelsior is an exploration and development company with a
copper project located within the copper porphyry belt of Arizona.
The Gunnison Copper Project is located close to the required
infrastructure and its oxide resource has the potential to be mined
using in-situ recovery methods. The Excelsior team consists of
experienced professionals with proven track records of advancing
projects towards production.
Further details about Excelsior can be found at:
http://www.excelsiormining.com. Further information about the
Gunnison Copper Project can be found in the technical report filed
on SEDAR at www.sedar.com entitled: "Gunnison Copper Project
Preliminary Economic Assessment, NI 43-101 Technical Report" dated
November 18, 2011.
ON BEHALF OF THE EXCELSIOR BOARD
Mark Morabito, Chairman of the Board
Cautionary Note Regarding Forward-Looking Information
Information set forth in this news release may involve
forward-looking statements under applicable securities laws.
Forward-looking statements are statements that relate to future,
not past, events. In this context, forward-looking statements often
address expected future business and financial performance, and
often contain words such as "anticipate", "believe", "plan",
"estimate", "expect", and "intend", statements that an action or
event "may", "might", "could", "should", or "will" be taken or
occur, or other similar expressions. All statements, other than
statements of historical fact, included herein including, without
limitation; statements about future exploration on and the
development of the Gunnison Project and the ability to mine
Gunnison using in-situ recovery mining techniques are
forward-looking statements. By their nature, forward-looking
statements involve known and unknown risks, uncertainties and other
factors which may cause our actual results, performance or
achievements, or other future events, to be materially different
from any future results, performance or achievements expressed or
implied by such forward-looking statements. Such factors include,
among others, the following risks: the need for additional
financing; operational risks associated with mineral exploration;
fluctuations in commodity prices; title matters; environmental
liability claims and insurance; reliance on key personnel; the
potential for conflicts of interest among certain officers,
directors or promoters with certain other projects; the absence of
dividends; competition; dilution; the volatility of our common
share price and volume and the additional risks identified in the
management discussion and analysis section of our interim and most
recent annual financial statement or other reports and filings with
the TSX Venture Exchange and applicable Canadian securities
regulations. Forward-looking statements are made based on
management's beliefs, estimates and opinions on the date that
statements are made and the company undertakes no obligation to
update forward-looking statements if these beliefs, estimates and
opinions or other circumstances should change, except as required
by applicable securities laws. Investors are cautioned against
attributing undue certainty to forward-looking statements.
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 release, and no securities regulatory authority
has either approved or disapproved of the contents of this
release.
Contacts: Excelsior Mining Corp JJ Jennex Vice President,
Corporate Affairs 604-681-8030 x240 604-681-8039
(FAX)info@excelsiormining.com www.excelsiormining.com
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