SOURCE: American Magna Corp.

May 01, 2014 14:19 ET

American Magna Announces New President & CEO Carl Nesbitt

HENDERSON, NV--(Marketwired - May 01, 2014) - American Magna Corp. (OTCBB: AMGC) is pleased to announce that its Board Of Directors has selected Carl Nesbitt as the company's President & Chief Executive Officer. 

"After a comprehensive search process, the board is pleased to have found the best individual to assume leadership of our company," said Herb Duerr, former President & CEO of American Magna. Mr. Duerr will stay on with the company assuming a Director role. "Carl has a track record of strong leadership both in the mining industry and the academic arena. His experience in developing innovative processes directly applicable to the mining industry makes Carl distinctively qualified to lead American Magna into the very exciting future."

Mr. Nesbitt serves as the Goldcorp Chair of Mineral Engineering at the University of Nevada, Reno since 2010. From 2009-2010 he served as Newmont Associate Professor at the University of Nevada, Reno. From 2007-2009 he was a Research Associate Professor at the University of Nevada, Reno. Mr. Nesbitt has served as a research consultant for several mining companies such as Goldcorp Inc., Cynaco LLC, Goldcorp Marigold Operation, and Newmont Mining - Carlin Operation. In 1990, Mr. Nesbitt received his Ph.D. in Metallurgical Engineering from the University of Nevada, Reno. In 1989, he received his M.S.E. in Chemical Engineering from the University of Michigan, Ann Arbor. In 1985, he received his M.S. in Metallurgical Engineering from the University of Nevada, Reno. In 1980, Mr. Nesbitt received his B.S. in Chemical Engineering from the University of Nevada, Reno.

About American Magna Corp.

American Magna Corp. is a U.S. based magnesium exploration and development company. American Magna is publically traded on the OTCBB.

Forward Looking Statements

Disclaimer: This announcement may contain forward-looking statements which involve risks and uncertainties that include, among others, limited operating history, limited access to operating capital, factors detailed in the accuracy of geological and geophysical results including drilling and assay reports; the ability to close the acquisition of mineral exploration properties, and other factors which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. More information is included in the company's filings with the Securities and Exchange Commission, and may be accessed through the SEC's website at

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