Rodinia Minerals Inc.
TSX VENTURE : RM

Rodinia Minerals Inc.

February 04, 2010 08:00 ET

Rodinia Minerals Inc. Welcomes Mark Eaton to the Board

TORONTO, ONTARIO--(Marketwire - Feb. 4, 2010) - Rodinia Minerals Inc. ("Rodinia" or the "Company") (TSX VENTURE:RM), is pleased to announce the appointment of Mr. Mark Eaton to the Company's board of directors. Mr. Eaton will be instrumental in providing financial guidance to the Company in its continuing strategy of becoming a high-grade, low-cost producer of lithium carbonate from lithium-brine projects in Nevada, USA and Argentina. The Company welcomes Mr. Eaton to the board and looks forward to working with him as the Company's strategic focus is realized.

Mr. Eaton replaces Mr. Donald Mosher who tendered his resignation from the board of directors of the Company effective January 22, 2010. The Company would like to thank Mr. Mosher for his contribution to the Company and wish him success in his future endeavors.

Mr. Eaton is a graduate from Hull University, England and is an experienced investment professional with over 20 years of experience in equity capital markets specializing in the resource sector. Mr. Eaton has previously held the position of Managing Director of Global Mining Sales, a division of CIBC World Markets of Toronto Canada, and Manager of U.S. Equity Sales for CIBC World Markets. Mr. Eaton's most recent position was as a Partner and Director of Loewen Ondaatje McCutcheon Ltd., a Toronto-based investment dealer.

In connection with his appointment, the Company has granted Mr. Eaton 200,000 stock options of the Company. The options shall be exercisable at $0.64 and shall expire on February 3, 2015. The options remain subject to the receipt of regulatory approval, including the approval of the TSX Venture Exchange, and shall remain subject to a statutory four month hold period.

About Rodinia Minerals Inc.:

Rodinia Minerals Inc. is a Canadian mineral exploration company with a primary focus on lithium exploration and development in North and South America. The Company is positioned to capitalize on the expected increase in demand for lithium carbonate that is projected to result from the anticipated paradigm shift to mass adoption and use of key lithium applications like lithium-ion batteries as well as glass ceramics, greases, pharmaceuticals etc.

Rodinia is currently exploring its 100% owned, Clayton Valley project in Nevada, USA, which surrounds the only lithium-brine producer in North America, and is planning the exploration projects for its four salar projects in Argentina.

Please visit the Company's web site at www.rodiniaminerals.com or write us at info@rodiniaminerals.com.

Cautionary Notes

Except for statements of historical fact contained herein, the information in this press release constitutes "forward-looking information" within the meaning of Canadian securities law. Such forward-looking information may be identified by words such as "plans", "proposes", "estimates", "intends", "expects", "believes", "may", "will" and include without limitation, statements regarding the impact of the board resignation, the potential of the Company's projects; the potential results and timetable for further exploration with respect to the Clayton Valley project, timetable for further exploration, analysis and development; and governmental approvals and regulation. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from such statements. Factors that could cause actual results to differ materially include, among others, metal prices, competition, financing risks, acquisition risks, risks inherent in the mining industry, and regulatory risks. Most of these factors are outside the control of the Company. Investors are cautioned not to put undue reliance on forward-looking information. Except as otherwise required by applicable securities statutes or regulation, the Company expressly disclaims any intent or obligation to update publicly forward-looking information, whether as a result of new information, future events or otherwise.

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.

Contact Information

  • Rodinia Minerals Inc.
    David Stein
    President & CEO
    +1 (416) 861-5812
    +1 (416) 861-8165 (FAX)
    or
    Rodinia Minerals Inc.
    Aaron Wolfe
    Vice President, Corporate Development
    +1 (416) 309-2696
    www.rodiniaminerals.com