Excelsior Appoints New Chief Financial Officer
02 Dicembre 2011 - 2:30PM
Marketwired
Excelsior Mining Corp. (TSX VENTURE:MIN)(OTCQX:EXMGF)(PINK
SHEETS:EXMGF)(FRANKFURT:3XS) ("Excelsior") is pleased to announce
the appointment of Samuel Yik as Chief Financial Officer, effective
as of December 1, 2011.
Mr. Yik is a Chartered Accountant with over 17 years of
financial and international business experience in resource based
public companies with market capitalizations ranging from $10
million to $2 billion. He spent the past seven years in senior
level management roles in the mining industry. Mr. Yik has
experience with both exploration and commercially producing mining
companies and was formerly the Chief Financial Officer for a
mineral exploration company which is dually listed on both the
TSX-V and NYSE AMEX. Mr. Yik also holds a Bachelor's degree in
Commerce from the University of British Columbia.
"We are fortunate to be able to welcome Sam to the Excelsior
team," stated Stephen Twyerould, President & CEO of Excelsior.
"His experience on both the exploration and mining sides of our
industry will be invaluable as we develop the Gunnison Copper
Project."
In order to make way for Mr. Yik, Ms. Atwal has resigned as
Chief Financial Officer of Excelsior, as of the effective date of
Mr. Yik's appointment. Excelsior and its Board of Directors would
like to thank Ms. Atwal for her leadership and direction during her
tenure as CFO.
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.
ON BEHALF OF THE EXCELSIOR BOARD
Stephen Twyerould, President & CEO
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 the timing of the 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 statements 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.comwww.excelsiormining.com
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