Silvermex Resources Ltd.
TSX VENTURE : SMR

Silvermex Resources Ltd.

November 06, 2009 05:30 ET

Silvermex Elects New Directors

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 6, 2009) - Silvermex Resources Ltd. (the "Company") (TSX VENTURE:SMR) announces that on November 4, 2009 it held its Annual and Special Meeting wherein the following directors were elected to the board: Arturo Bonillas, Bruce Bragagnolo, Duane Nelson, Joseph J. Ovsenek, Kenneth C. McNaughton and Michael H. Callahan.

The following is a background summary for the board of directors:

Bruce Bragagnolo, LLB. Mr. Bragagnolo is the Chief Executive Officer and a Director of the Company. He has been employed by the Company since 2005. He is also one of the founders and the Chief Executive Officer of Timmins Gold Corp., a near-term gold producer in Sonora, Mexico. He has been the principal of Bruce Bragagnolo Law Corporation since 1988. Mr. Bragagnolo has extensive experience with securities and regulatory matters.

Arturo Bonillas, B. Sc., (Eng). Arturo Bonillas is the President and a Director of the Company and has been employed by the Company since April, 2005. He is also one of the founders and the President of Timmins Gold Corp. He has more than 23 years of experience in the mining and exploration industry in Mexico. He served as General Manager of Latin America for Continuum Resources Ltd. from November of 2003 to January 2006. He served as Mine Planning Engineer, Operations Research Engineer, Chief of Financial Planning and Vice President of Purchasing of Compania Minera de Cananea and also for its subsidiary of Placer Dome in Mexico. He directed full bankable feasibility studies for the Mulatos gold project in Sonora, and the San Felipe gold project in Baja California Mr. Bonillas received a B.Sc. degree in Industrial Engineering from the University of Arizona in 1980.

Duane A. Nelson, Director. Mr. Nelson is the Vice President and Director of the Company. He has been employed by the Company since 2006. He has over 25 years of private and public sector experience with a focus on early-stage projects. Before joining the Company, he was involved in the development, structure, operations and financings of a number of resource-oriented companies. He is the founder of Quotemedia Inc., a successful financial market data company established in 1998. He was also the founder and CEO of Stock Deck Communications.

Joe Ovsenek, P.Eng., LLB. Mr. Ovsenek is the Senior Vice President, Corporate Development of Silver Standard Resources Inc. He originally joined Silver Standard as legal counsel in 1996. Mr. Ovsenek holds a Bachelor of Law degree from the University of Toronto. He is a registered professional engineer, and holds a Bachelor of Applied Science degree from the University of British Columbia.

Kenneth C. McNaughton, M.A.Sc., P.Eng. Mr. McNaughton is the Vice President, Exploration for Silver Standard Resources Inc since 1991. Before joining Silver Standard, he worked as contract engineer for Oretech Engineering and worked on exploration programs for three bulk mineable gold or copper/gold deposits in Arizona and British Columbia. From 1984 to 1989, he was employed by Corona Corporation and its affiliate Mascot Gold Mines Ltd. as a project geologist and engineer for projects in British Columbia. Mr. McNaughton holds a Bachelor of Applied Science degree and a Master of Applied Science degree in geological engineering from the University of Windsor.

Michael H. Callahan. Mr. Callahan served as Vice President, Corporate Development of Hecla Mining Co., from 2002 to 2006. He served as President of Minera Hecla Venezolana, a subsidiary of Hecla Mining Co and also as Vice President of Hecla Mining Co. from 2006 to January 2009. Previously, he served as President of Minera Hecla Venezolana from 2000 to 2003. He joined Hecla Mining Co., in 1989. He served as Director, Accounting & Information Services of Hecla Mining Company from 1999 to 2000. From 1997 to 1999, he served as Financial Manager of Silver Valley Resources. Mr. Callahan served as Senior Financial Analyst of Hecla Mining Company from 1994 to 1996.

This News Release contains forward-looking statements. Forward looking statements are statements which relate to future events. In some cases, you can identify forward-looking statements by terminology such as "may", "should", "expects", "plans", "anticipates", believes", "estimates", "predicts", "potential", or "continue" or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry's actual results, level of activity, performance or achievements to be materially different from any future results, levels of activity, performance, or achievements expressed or implied by these forward-looking-statements.

While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggests herein. Except as required by applicable law the Company does not intend to update any forward-looking statements to conform these statements to actual results.

Neither 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.

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