Concordia Resource Corp.

Concordia Resource Corp.

November 17, 2011 08:30 ET

Concordia Resource Corp. Appoints New President

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 17, 2011) - Concordia Resource Corp. (TSX VENTURE:CCN) ("Concordia") is pleased to announce the appointment of Mr. Toby Mayo as President.

Mr. Mayo was appointed Senior Vice President, Corporate Development of Concordia in March, 2011. As previously announced, Mr. Mayo has over fifteen years of comprehensive and varied experience in the mining and metals sector. He began his career with Rio Tinto as an Exploration Geologist. Prior to joining Concordia Resource Corp., Mr. Mayo worked as a Senior Technical Advisor and Consultant at Ivanhoe Mines Ltd, and was more recently Senior Consultant, Investment and Business Planning at Hatch in London.

Mr. Mayo possess financial, commercial, technical, project management and legal skills, with experience completing techno-economic and transaction-related studies of international mining and metals projects. He has worked worldwide with geological and management teams on major metallurgical exploration projects, for both blue chip and junior companies. His experience includes mineral exploration, due diligence, project evaluation and asset valuation, covering commodities as diverse as uranium, industrial minerals, precious metals, ferrous- and non-ferrous base metals, diamonds and refined metallurgical products. Mr. Mayo has worked extensively with major financial institutions, funds, commodities traders and private equity firms assisting with public equity offerings, project debt financing, mergers, acquisitions and divestitures.

Mr. Mayo holds an Honours Degree in Law from the University of London and an Honours Degree in Geology from the University of Edinburgh.

Mr. Edward Flood, CEO and Chairman, commented, "Toby has been instrumental in putting together the recently announced Swala Resources transaction. His appointment to President, succeeding myself, was anticipated when he was hired 12 months ago and with the pending acquisition, the timing is ideal to allow Toby to step up and lead the newly-formed company through this exciting phase in our growth strategy."

Mr. Flood will remain CEO and Chairman of Concordia.


Concordia Resource Corp. is a well-financed junior exploration company. The successful acquisition of Swala will add to Concordia's precious metals portfolio, which includes the past-producing La Providencia silver mine in Argentina, and will position the company as an African explorer with an emphasis on developing gold deposits holding the potential of one million ounces upwards. Members of Swala's team are former Anglo American plc and De Beers executives with extensive experience of operations throughout the African continent.

Concordia has its head office and executive management team in Vancouver, Canada; its technical team is based in Reno, Nevada.

On behalf of the Board of Concordia Resource Corp.

R. Edward Flood, Chairman

The TSX-V has neither approved nor disapproved the contents of this press release. Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this press release.

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