Fort Chimo Minerals Inc.
CNSX : FCM

May 04, 2011 09:18 ET

Fort Chimo Strengthens Management and Augments Board

TORONTO, ONTARIO--(Marketwire - May 4, 2011) -

NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA

Fort Chimo Minerals Inc. (the "Company")(CNSX:FCM)announces that Mani Verma has been appointed President, Chief Executive Officer and a director of the Company and Harry Burgess has been appointed a director of the Company.

Mr. Verma has over 35 years experience as a mining engineer, working with both mining companies and consulting firms. Mr. Verma was a founder of Micon International Limited, mineral industry consultants, in 1988 and has served with various operating companies, including: various positions at AMT International/ AMT (USA) Inc.; as President and Director, Asbestos Corporation; as Manager of Operations and Engineering; and the National Coal Board in the United Kingdom, as a management trainee.

Harry Burgess is a mining engineer and Vice President with Micon International Limited. Mr. Burgess has been awarded B. Sc. degrees in both Mechanical and Mining Engineering. Mr. Burgess has been engaged in consulting since 1980 and was a founder of Micon International Limited in 1988. His prior operating experience includes senior positions in the copper industry of Zambia and gold mining in South Africa. In Zambia, he held management positions with both technical and production responsibility. In South Africa, he was responsible for the introduction of mechanized mining systems to the gold mines of Anglo-American Corporation in the Orange Free State. Mr. Burgess has particular experience in the monitoring to completion of mining projects for banks and financial institutions. Mr. Burgess is a member of public company boards and also technical advisory committees.

In connection with the appointments, James M. Brady has resigned as President of the Company but remains a director of the Company. The board would like to thank Mr. Brady for his efforts as President of the Company.

Fort Chimo has been granted an option to acquire a 100% interest in Fabie Bay and Magusie River properties, which comprise one hundred and sixty-one unpatented, contiguous, map staked claims and one mining lease. The properties are located approximately 35 km northwest of Rouyn-Noranda and 11 km due east of the Ontario-Quebec boundary.

The Canadian National Stock Exchange has not reviewed this press release and does not accept responsibility for the adequacy or accuracy of this news release.

Contact Information

  • Fort Chimo Minerals Inc.
    James M. Brady
    Director
    (416) 361-2832
    (416) 423-9325