Anfield Nickel Corp.

Anfield Nickel Corp.

August 19, 2009 09:01 ET

Anfield Changes Its Name to "Anfield Nickel Corp." and Announces Appointment of New Chairman and Officers

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 19, 2009) - Anfield Ventures Inc. (TSX VENTURE:ANF) ("Anfield") announces it has changed its name to "Anfield Nickel Corp.", effective immediately. Anfield's shares will continue to trade on the TSX Venture Exchange under the symbol "ANF".

Anfield is also pleased to announce that the Board of Directors appointed Mr. David Strang as Chairman at its meeting held yesterday. Mr. Strang replaces Mr. Aziz Shariff who will remain a director. The Board would like to thank Mr. Shariff for his contributions to Anfield as Chairman. Mr. Strang is currently CEO of Lumina Asset Management, Inc. a private investment fund that owns 40% of Anfield's outstanding shares; he is also CEO and President of Lumina Copper Corp. and was CEO of Global Copper Corp. prior to its sale to Teck Resources and President of Regalito Copper Corp. prior to its sale to Pan Pacific Corp.

In addition, Mr. Marshall Koval has been appointed President and CEO. Mr. Koval is the former President and CEO of Northern Peru Copper Corp. which was sold to China Minmetals and Jiangxi Copper Corp. Previously, Mr. Koval was President of Pincock, Allen & Holt, a geotechnical consulting company. At the same meeting, Ms. Sandra Lim was appointed Chief Financial Officer and Mr. Andrew Carstensen was appointed Vice President, Exploration. Ms. Lim is currently the CFO of Magma Energy Corp. and Lumina Copper Corp. Mr. Carstensen was previously Vice President, Exploration and Chief Geologist for Geologix Explorations Inc.

Mr. Strang said, "Changing the name of Anfield Ventures Inc. to Anfield Nickel Corp. and the appointment of Mr. Koval, Ms. Lim and Mr. Carstensen as officers starts a new era for the company recognizing its focus on the development of nickel laterite deposits. At yesterday's board meeting, the directors unanimously approved a comprehensive exploration program, totaling 44,000m of drilling, to begin in early 2010 to significantly increase the nickel laterite resources within our exploration license areas in Guatemala."

Anfield has also granted 555,000 employee incentive stock options at an exercise price of $2.40 for a five year term.

Anfield Nickel Corp.

David Strang

CAUTION REGARDING FORWARD LOOKING STATEMENTS: This news release may contains "forward-looking statements" within the meaning of the applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements with respect to the future price of commodities, the timing of exploration activities, the estimation of mineral reserves and mineral resources, the results of drilling, estimated future capital and operating costs, future stripping ratios, projected mineral recovery rates and Anfield Nickel Corp.'s commitment to, and plans for developing any of its projects. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "can", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Anfield Nickel Corp. to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: risks related to the exploration and potential development of the Company's projects, risks related to international operations, the actual results of current exploration activities, conclusions of economic evaluations, changes in project parameters as plans continue to be refined, future prices of commodities, as well as those factors discussed in the sections relating to risk factors of our business filed in Anfield Nickel Corp.'s required securities filings on SEDAR. Although Anfield Nickel Corp. has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results to be materially different from those anticipated, described, estimated, assessed or intended.

There can be no assurance that any forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Anfield Nickel Corp. does not undertake to update any forward-looking statements that are incorporated by reference herein, except in accordance with applicable securities laws.

Contact Information

  • Anfield Nickel Corp.
    David Strang
    604 646-1899
    604 687-7041 (FAX)