Antofagasta Gold Strengthens Board With Appointment of Mr. Paul Matysek and Mr. Bruce Humphrey
22 Marzo 2013 - 5:30AM
Marketwired Canada
Antofagasta Gold Inc. ("Antofagasta" or the "Company") (TSX VENTURE:AN) welcomes
Paul Matysek (P.Geo.) and Bruce Humphrey (P.Eng.) to the board of directors of
the Company.
William Randall, President & CEO of Antofagasta, commented "We are pleased to
welcome Bruce Humphrey and Paul Matysek to the board. Combined they bring over
65 years of experience to the Company, including prominent and successful track
records in the mining space. The addition of these two well respected mining
executives is a vote of confidence for Antofagasta. Their technical, operational
and financial insight will be a great asset to the Company."
Mr. Matysek is a mining entrepreneur, professional geochemist and geologist with
over 30 years of experience in the mining industry. A Master of Science in
geology graduate from the University of British Columbia, Paul has held senior
executive and director positions with several natural resource exploration and
development companies and is a proven company builder.
Mr. Matysek was CEO of Lithium One Inc. who merged with Galaxy Resources of
Australia via $112M plan of arrangement to create an integrated lithium company
of global significance. Prior to Lithium One, Mr. Matysek was the President and
CEO of Potash One Inc. where he was the architect of the $434 million friendly
takeover of Potash One by K+S Ag, which closed in early 2011. Prior to founding
Potash One, Mr. Matysek was the Founder, President and CEO of Energy Metals
Corporation ("EMC"), a premier uranium company traded on the New York and
Toronto Stock Exchanges. Mr. Matysek led EMC as one of the fastest growing
Canadian companies in recent years, increasing its market capitalization from
$10 million in 2004 to approximately $1.8 billion when acquired by a larger
uranium producer in 2007. He is currently President and CEO of Goldrock Mines
Corp, a feasibility-stage permitted heap leach gold project in northern
Argentina.
Mr. Humphrey has more than 35 years of experience in the international mining
industry. He was formerly the President and CEO of Desert Sun Mining Co., which
successfully developed the Jacobina Mine Complex in Brazil. The success of this
project led to the acquisition of Desert Sun by Yamana Gold in April, 2006. From
1998 to 2004, Mr. Humphrey was Chief Operating Officer of Goldcorp Inc.
responsible primarily for the re-development, start-up and operation of
Goldcorp's high-grade Red Lake mine in northwestern Ontario.
Mr. Humphrey is a mining engineering graduate of the University of Saskatchewan
in 1974. He has worked for Inco's nickel operations near Thompson, Manitoba and
in the mechanized mine department of Cominco's Kimberley, B.C. operations. He
has also worked in progressively senior capacities with Noranda, Echo Bay,
Canamax and Canadian Mine Development. From 1995 to 1998, he was vice president,
mining and contracting for BLM Service Group, a major engineering firm with
projects worldwide. Mr. Humphrey is a former board member of Yamana Gold Inc.,
B2 Gold Corp., Consolidated Thompson Iron Mines, Avion Gold Corporation, Alderon
Resource Corp. and Crocodile Gold Corp. among others.
As part of their recruitment, each of Mr. Matysek and Mr. Humphrey have been
granted 250,000 options exercisable for a corresponding number of shares in the
Company, subject to regulatory approval. The stock options granted to each of
Mr. Matysek and Mr. Humphrey will be exercisable at a price of $0.68 for a
period of 5 years. In addition, the stock options are subject to a four month
and one day statutory hold period.
Antofagasta Gold
Antofagasta Gold (formerly Windamere Ventures Ltd.) is a Canadian mineral
exploration company currently focused on projects in Chile. The initial focus is
on advancing its wholly-owned Capricornio project near Antofagasta, Chile. The
Company will also actively seek out complementary growth opportunities that are
synergistic with its projects and management strengths. Antofagasta's board and
management have both significant technical knowledge and capital markets
experience that will assist in the Company's growth.
On behalf of the Board of Directors of Antofagasta Gold Inc.
William Randall, President and CEO
Cautionary Note Regarding Forward-Looking Information:
This press release may contain "forward-looking information" within the meaning
of applicable Canadian securities legislation. Forward-looking information
includes, but is not limited to, statements (express or implied) relating to
production results and/or the impact of such production results with respect to
the timing, cost and/or amount of future exploration and development of any
property, the timing, cost and/or amount of future production, the future price
of gold or other minerals, the successful implementation of development plans at
any of the Company's properties and/or the future financial or operating
performance of Antofagasta, its properties and/or its projects. Forward-looking
information is subject to known and unknown risks, uncertainties and other
factors that may cause the actual results, level of activity, performance or
achievements of the Company, its properties and/or its projects to be materially
different from those expressed or implied by such forward-looking information,
including but not limited to those risks described in the annual information
form of the Company, which is available under the profile of the Company on
SEDAR. Although the Company has attempted to identify important factors that
could cause actual results to differ materially from those contained in
forward-looking information, there may be other factors that cause results not
to be as anticipated, estimated or intended. There can be no assurance that such
information will prove to be accurate, as actual results and future events could
differ materially from those anticipated in such statements. Accordingly,
readers should not 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. It should also be noted that mineral
resources that are not mineral reserves do not have demonstrated economic
viability.
FOR FURTHER INFORMATION PLEASE CONTACT:
Antofagasta Gold Inc.
William Randall
(416) 309-2697
wrandall@antofagastagold.com
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