FNX Mining Company Inc.

FNX Mining Company Inc.

July 11, 2007 09:32 ET

FNX Announces Promotions in Exploration Group

TORONTO, ONTARIO--(Marketwire - July 11, 2007) - FNX MINING COMPANY INC. (TSX:FNX) ("FNX" or "Company") is pleased to announce the appointment of Gord Morrison to Senior Vice-President, Corporate Development and Dr. Catharine Farrow to Vice President, Exploration. Both appointments are effective July 1, 2007.

Gord Morrison, BSc, has been appointed Senior Vice President, Corporate Development and will report to Terry MacGibbon, the Company's CEO. Gord joined FNX in 2002 on a consulting basis and became a full-time employee and Director of Exploration in February 2003. He was appointed the Company's Vice President, Exploration in 2005. Prior to joining FNX, Gord worked for over 30 years in CVRD-Inco's exploration department with extensive experience in the Sudbury Basin as well as nickel projects worldwide. Under Gord's leadership, FNX's exploration team has been extremely successful, resulting in an impressive list of mineral discoveries over the past five years in the Sudbury Basin. Gord will continue to be responsible for the Company's exploration activities and will take on the new role of seeking out, evaluating and acquiring new business opportunities.

Catharine Farrow, PhD, PGeo, has been appointed Vice President, Exploration and will report to Gord Morrison. Catharine joined FNX in March 2003 as Chief Geologist and in 2006 assumed new duties as Director of Exploration. Catharine has been instrumental in building and directing the Company's exploration team and plays a key role in the success of the Company's exploration department. Catharine is widely published as an expert in platinum group elements and is an Adjunct Professor at both the University of Toronto and Laurentian University.

Terry MacGibbon, President and CEO of FNX stated that, "Gord and Catharine have assembled and managed one of Canada's most active and successful young exploration teams. They, along with the FNX exploration team, have made great contributions to FNX with significant exploration successes in Sudbury. They have demonstrated that new discoveries can be generated within an historic mining camp using new approaches and modern technology. FNX has drilled almost two million feet of drill core in the past five years leading to several major mineral discoveries, including, the Inter Main Deposit (in production) the low sulphide portion of the PM Deposit (in production), the Main Depths Deposit (in development), the re-interpretation and advancement of the Podolsky Deposits (in development), the Rob's Footwall Deposit (in development), the Keel Deposit (prospect), the Power Line Deposit (prospect), the Segway Deposit (prospect) and one of the Company's most important assets, the Levack Footwall Deposit".

About FNX

FNX operates, develops and explores for nickel, copper, cobalt, platinum, palladium and gold in the prolific Sudbury mining camp. The Company mines ore from the Levack Complex, transports it to surface, crushes and samples the ore and trucks it to third party facilities to be milled, smelted, refined and marketed. FNX has aggressive plans to significantly increase ore and metal production over the next three years based on the recently announced increase to 42.7 million tons of measured and indicated resources and 35.1 million tons of inferred resources. Well financed, generating strong cash flow and debt free, FNX is well positioned to implement its ambitious growth plans.

Contact Information

  • FNX Mining Company Inc.
    Terry MacGibbon
    President and CEO
    (416) 628-5929
    (416) 360-0550 (FAX)
    FNX Mining Company Inc.
    David Constable
    Vice President, Investor Relations and Corporate Secretary
    (416) 628-5929
    (416) 360-0550 (FAX)
    Email: info@fnxmining.com
    Website: www.fnxmining.com