Opta Minerals Inc.

Opta Minerals Inc.

May 26, 2015 11:10 ET

David Kruse to Leave Opta Minerals

WATERDOWN, ONTARIO--(Marketwired - May 26, 2015) - Opta Minerals Inc. (TSX:OPM), announced today that David Kruse will be stepping down as Opta Mineral's President, Chief Executive Officer and as a Director, effective immediately. Bernie Rumbold will assume Mr. Kruse's responsibilities on an interim basis pending completion of a search to identify a successor to Mr. Kruse. Mr. Rumbold, a chemist and engineer, is currently a director of Opta Minerals and was previously President of Bimac, Inc. and Chairman of Magnesium Technologies Corporation, companies that were acquired by Opta Minerals and of which Mr. Rumbold was a significant shareholder.

Jeremy Kendall, Chairman of Opta Minerals, commented "David joined Opta Minerals in November, 1997 as Financial Manager and was appointed to progressively more senior roles until he became President & Chief Executive Officer in December 2002. Since then, he has been largely responsible for building Opta Minerals into a multi-national company focused in the infrastructure, abrasive and steel ingredient businesses. We thank him for his many contributions and wish him the greatest success in his next adventure."

Opta Minerals is a vertically integrated provider of custom process solutions and industrial mineral products used primarily in the steel, foundry, loose abrasive cleaning, water-jet cutting and municipal water filtration industries. The Company has production and distribution facilities in Ontario, Quebec, Saskatchewan, Louisiana, South Carolina, Virginia, Maryland, Indiana, Michigan, New York, Texas, Florida, Ohio, Idaho, France, Slovakia and Germany. Opta has one of the broadest product lines in the industry.

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