Canada Fluorspar Inc.

November 15, 2011 08:00 ET

Canada Fluorspar Appoints New Directors

TORONTO, ONTARIO--(Marketwire - Nov. 15, 2011) - Canada Fluorspar Inc. (TSX VENTURE:CFI) (the "Company" or "CFI") today announced the appointments of Patricia McCarthy and Bernard Roche to its Board of Directors effective immediately. Ms. McCarthy and Mr. Roche are filling vacancies created by the recent resignations of Lisa Brody and Richard Rowe.

Mr. Roche is a 38 year veteran of Arkema and is currently the CEO of Arkema Inc. As part of his role as CEO, Mr. Roche oversees all Health, Safety and Environment functions within Arkema Inc. and as such has been instrumental in developing various safety and environmental programs and procedures within Arkema Inc.

Ms. McCarthy has been the Senior Vice President and Chief Financial Officer of Arkema Inc. since 2005. She is a graduate of the Ecole Superieure des Sciences Economiques et Commerciales in France and holds diplomas of Higher Accounting and Financial Studies.

"The additions of Bernard Roche and Patricia McCarthy to our Board of Directors will be tremendously beneficial to CFI," commented Richard Carl, Executive Chairman of CFI. "Each brings unique strengths to our Board and the respective Board Committees and we look forward to their contributions as we move forward with the development plans to re-start our operations at St. Lawrence. We also look forward to the continued involvement of Richard Rowe, Arkema's Global Group President, Fluorochemicals in his ongoing role as a member of the Management Committee at Newspar, the joint venture between Arkema and Canada Fluorspar Inc."


The Company is a specialty mineral resource company engaged in the development and production of fluorspar deposits at its property located in St. Lawrence, Newfoundland and Labrador, Canada, and is moving forward to reactivate existing underground fluorspar mines, expand an existing mill, construct a new, environmentally-sound Tailings Management Facility and build a new deep-water marine terminal in the outer St. Lawrence Harbour for the export of fluorspar concentrate product.

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