FNX Mining Company Inc.

FNX Mining Company Inc.

August 05, 2008 17:05 ET

FNX Announces Senior Executive Changes

TORONTO, ONTARIO--(Marketwire - Aug. 5, 2008) - FNX Mining Company Inc. (TSX:FNX) ("FNX" or the "Company") announces that John W. Lill has resigned as President and CEO and from the Board of Directors of FNX, effective August 6, 2008. Terry MacGibbon, the Company's current Executive Chairman, will assume the role of both Chairman and CEO of the Company, effective August 6, 2008. Mr. Lill is resigning to pursue other interests, but will remain with the Company until August 31st in a consulting capacity to enable an orderly transfer of duties.

Mr. MacGibbon noted that, "I would like to thank John for his significant contribution over several years as a Director of FNX and, most recently, as the Company's President and CEO. While in the role of President and CEO, John has successfully opened our third mine, Podolsky, and managed the acquisition and consolidation of the Mining Services Business with FNX's Sudbury operations. The FNX Board joins me in thanking John for his contributions to FNX and wishing him all the best in his future endeavors."

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