International Enexco Limited
TSX VENTURE : IEC

International Enexco Limited

June 24, 2008 09:00 ET

International Enexco Appoints Two New Directors

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 24, 2008) - International Enexco Inc. (TSX VENTURE:IEC) is pleased to announce that it has appointed Mr. Arthur (Art) Small and Dr. William (Bill) Willoughby to its Board of Directors. "These Gentlemen bring a wealth of mine planning and development expertise to International Enexco," commented Arnold Armstrong, President & CEO of International Enexco Ltd. "We plan to bring our Nevada Contact copper property into production in a timely manner and the combined experiences of these gentlemen is greatly assisting us in this process."

Mr. Small and Dr. Willoughby manage the Contact project for Enexco as well as other Enexco precious and base metal properties regionally. International Enexco currently has 39 full and part time employees working at its Contact property including its own drill crews which operate the Company's two drill rigs. Upon completion of the current infill drill program the Company plans to immediately commission a Pre-Feasibility Study at Contact. The 18,000 meter infill program, which includes obtaining material for metallurgical tests, is 85% complete. The Company anticipates completion of the infill drill program by August, 2008. The rigs will then be used to explore expansion targets at Contact as well as other Enexco properties in Nevada.

Art Small has been the Chief Project Manager at the Contact property since August, 2006. Mr. Small holds a B.SC. in Geology from Colorado State University, and has done extensive work with Exxon Minerals Co. and Teck Cominco. In his 30+ years in the Mining industry 15 years was spent in exploration and pre-development; Mr. Small has performed geologic work doing drill project supervision, geophysical programs, surveying, claim staking, and property evaluation in Copper, Uranium and Gold. His vast experience has taken Mr. Small from Nevada to Mexico, Chile and Argentina.

Bill Willoughby has been Enexco's Manager of Engineering & Mine Development since February, 2007, and holds a PhD in Mining Engineering as MS and BS degrees in Geological Engineering from the University of Idaho. Prior to joining Enexco, Dr. Willoughby spent the last 17 years of his 29 year career with Teck Cominco, and has been involved in a variety of regional mines and mineral projects including underground and open pit mines, base and precious metals, industrial minerals and coal.

ABOUT INTERNATIONAL ENEXCO

Enexco is a Canadian based advanced exploration company headquartered in Vancouver, B.C. In addition to its 100% owned Contact Copper-Silver Resource Property, the Company also has a strategic alliance with Cameco Corporation (35%), International Enexco (30%) and UEM Inc. (35%) to jointly develop the High-Grade Mann Lake Uranium Project located in the Athabasca Basin in Saskatchewan. Cameco is operator of the Mann Lake Uranium Project.

For further information on all of Enexco's projects, visit our website at: www.enexco.ca.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • International Enexco Limited
    Paul McKenzie
    Director
    (604) 669-8368
    (604) 642-2629 (FAX)
    Website: www.enexco.ca