Nethery Appointed to Kinbauri's Advisory Board
11 Marzo 2008 - 6:25PM
Marketwired
OTTAWA, ONTARIO (TSX VENTURE: KNB)(FRANKFURT: 3KG.DE) is pleased
to announce the appointment of Mr. Bryan Nethery, P. Eng., M.B.A.
("Nethery") to Kinbauri's Advisory Committee. Nethery will be
actively assisting Kinbauri with advice and direction regarding its
mine and mill development and maintenance plans together with
financial planning as it moves through feasibility and
pre-production development at El Valle during 2008 and 2009.
Mr. Nethery received his B.A.Sc. in Metallurgical Engineering
from the University of British Columbia in 1971; completed studies
for M.A.Sc. in Metallurgical Engineering at University of British
Columbia in 1972; and received a M.B.A. from the same university in
1981. He is a Professional Engineer (BC) and Member of the Canadian
Institute of Mining and Metallurgy. Nethery has over 30 years of
domestic and international senior management and metallurgical
engineering experience. He has extensive experience in all aspects
of mining project development, namely scoping studies,
pre-feasibility studies, "bankable" feasibility studies,
metallurgical studies, valuations and due diligence studies, all
leading to on time and within budget design and construction of
major projects. His involvement included project controls,
estimating, contract administration, financial analysis, project
finance, risk analysis, and construction management. Technically,
it included base metal flotation, precious metals, hydrometallurgy,
SX-EW, pressure oxidation and smelting. Since 2005, Nethery has
been an independent consultant involved in project and
metallurgical consulting for various clients. As project manager,
he moved the Pogo Gold project through scoping, pre-feasibility
studies, permitting, numerous feasibility study updates, and
ultimately design and construction. From 1994-2005 he was employed
by AMEC as Vice-President, Design Build and his activities included
business development, negotiations on project development and
financing and project management. Previously he was a senior
manager with Fluor Daniel Wright and project manager on a number of
EPCM projects including the Louvicourt Project in Quebec and the
Porco Mine in Bolivia, as well as major feasibility studies.
Mr. Nethery has worked in Spain on two major projects: the
expansion of the copper and gold plants for Rio Tinto Minera S.A.;
in addition he led the feasibility study on the Huelva Cooper
Smelter Expansion for Atlantic Copper at Huelva Spain. He is fluent
in Spanish.
Kinbauri is also pleased to announce the appointment of Mr.
Ricky Antonio Adigue as Senior Mining Engineer at El Valle. Mr.
Adigue has a Mining Engineering Degree from the Mapua Institute of
Technology in the Philippines and is adept in GEMCOM and SURPAC
Mining software. He has over ten years experience in mine planning,
design and optimization with a background in geologic, ore block
and mine modeling. He was also previously involved in budgeting of
operations and reconciliation of production schedules in numerous
projects in Vietnam and the Philippines.
Mr Nethery will receive a total of 400,000 options, exercisable
into shares at a price of $0.77 per share. The options will vest in
two tranches, one tranche of 200,000 at the date of this press
release and one tranche of 200,000 on June 30th, 2008; all options
to expire in three years on March 10th, 2011 if not exercised. Mr.
Adigue and Mr. Jean Bailly, Senior Vice-President and COO of
Kinbauri Espana S. L. will also receive 50,000 options and 100,000
options respectively, priced as above and with an identical expiry
date.
Dr. Vern Rampton, Ph. Eng., President and CEO of Kinbauri
stated, "Mr. Bailly has advanced the El Valle/Carles project well
beyond expectations since it was purchased in March 2007. In his
role as COO and manager of exploration and mining development at El
Valle he has engaged, and is engaging, key personnel and
consultants to move the project forward to feasibility by November
of this year. Bryan Nethery's vast experience can only help in
expediting this process and obtaining financing to bring the
project to production under the most favourable terms."
Kinbauri is a TSXV - Tier 1 Mineral Exploration Company focused
on the development of mineral properties, primarily precious metal
prospects in northwestern Spain, Nevada and Canada. Its immediate
focus is to expand and upgrade resources to reserves at the El
Valle property in Asturias, Spain in order to start operations at
the mine and existing mill complex there in early 2010. It
currently has 43,538,320 common shares issued and outstanding.
THIS PRESS RELEASE WAS PREPARED BY KINBAURI GOLD CORP. THE TSX
VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR
ACCURACY OF THIS RELEASE.
This press release contains certain forward-looking statements,
which are based on the opinions and estimates of management at the
date the statements are made, and are subject to a variety of risks
and uncertainties and other factors that could cause actual events
or results to differ materially from those projected. Kinbauri
undertakes no obligation to update forward-looking statements if
circumstances or management's estimates or opinions should change.
The reader is cautioned not to place undue reliance on
forward-looking statements.
Kinbauri Gold's Hub at http://www.agoracom.com/IR/kinbauri where
investors can post questions and receive answers or review
questions and answers already posted by other investors.
Contacts: North America (Kinbauri Gold Corp.) Darrell Munro,
BB.A, LL.B Manager Corporate Communications 613-836-0198
dmunro@kinbauri-gold.com kinbauri@kinbauri-gold.com Dr. Vern
Rampton, P. Eng. President 613-836-2594 613-831-2730 (FAX)
vrampton@kinbauri-gold.com www.kinbauri-gold.com Europe (INVESTEL)
Ruediger (Rudy) Hnyk, CEO Investor Relations &
Telecommunications ceo@investel.de
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