Eskay Mining Corp

December 21, 2009 12:06 ET

Eskay Mining Announces Management Changes

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 21, 2009) – ESKAY MINING CORP (the "Company" or Eskay) (TSX VENTURE:ESK) is pleased to announce changes to its senior leadership team as part of the Company's continuing focus on enhanced governance and shareholder value.

Mr. J. Gordon McMehen has been appointed an independent director, effective immediately. He replaces Mr. Mac Balkam on the Audit Committee, and joins two other independent directors on the committee - Mr. John McDonald and Mr. Rob Myhill.

In 2000, Mr. McMehen co-founded Conundrum Capital Corporation, a private equity real estate fund management firm which today has several sectoral real estate funds under its administration. Mr. McMehen now serves as Chairman of Conundrum Capital Corporation. From 1998 to 2000, Mr. McMehen served as Executive Vice-President, Chief Operating Officer and director of Central Park Lodges Ltd., helping to manage one of North America's pre-eminent providers of seniors housing, long- term care and ancillary health care services. At the law firm of Gardiner Roberts, Mr. McMehen practiced corporate and commercial law from 1978 to 1998, specializing in mergers and acquisitions, corporate structure and finance. He acted as Managing Partner of the firm from 1994 to 1998. Mr. McMehen completed his undergraduate studies at the University of Toronto in 1972 and obtained an LL.B from the University of Ottawa in 1976. He was called to the Ontario Bar in 1978, and is a member of the Law Society of Upper Canada.

In announcing Mr. McMehen's board appointment, Mac Balkam stated "We have now assembled great bench strength within our governance and management structure, and we will continue to strengthen, streamline and simplify all levels within the Company as we transition our corporate office to Toronto's downtown core. Our burn rate has been reduced to a fraction of its former level and the Company will soon benefit from the sale of all non-Eskay assets. Gord's substantial background in law, mergers and acquisitions, corporate structuring and finance has and will continue to benefit the Company in our corporate transformation to a shared vision which now focuses on the Company's vast land holdings in the mining district adjoining the world class Eskay Creek Mine."

The Board of Directors accepts the resignation of Mr. Wally Boguski, effective immediately.

Eskay Mining Corp is a Canadian based gold exploration company with core holdings of some 130,000 acres situated around and south of Barrick Gold Corporation's prolific Eskay Creek Mine in British Columbia, Canada. Eskay management continues to explore alternatives to enhance the shareholder value represented by its large, high potential, core holding in the Eskay Creek area.

Eskay Mining Corp

Hugh M. (Mac) Balkam, President, CEO, Director

This document contains certain forward looking statements which involve known and unknown risks, delays, and uncertainties not under the corporations control which may cause actual results, performance or achievements of the corporation's to be materially different from the results, performance or expectation implied by these forward looking statements.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.

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