Kaizen Discovery Inc.
TSX VENTURE : KZD

Kaizen Discovery Inc.

April 08, 2014 07:30 ET

Kaizen Discovery Appoints Prominent Mineral Exploration Veteran Kuang Ine Lu to Its Board of Directors

VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 8, 2014) - Kaizen Discovery (TSX VENTURE:KZD) today announced the appointment of Dr. Kuang Ine Lu to the company's Board of Directors, effective immediately.

Dr. Lu, who is based in North Vancouver, has advised the Vancouver office of Japan Oil, Gas and Metals National Corporation (JOGMEC) on its research and assessments of exploration projects since 2003. JOGMEC is a Japanese government entity with a mandate to seek a stable supply of natural resources for Japan's industrial sector.

He has more than 50 years of mineral exploration and evaluation experience in Asia, the Middle East, North and South America and Indonesia, and holds a Ph.D. in Economic Geology from the University of Tokyo. He directed the discoveries of the Formosa massive sulfide deposit in the U.S.; the placer gold zone south of Peter's Mine in Guyana; the Jason South lead-zinc zone in Canada; and the Lucky gold deposit at the Chinkaushih Mine in Taiwan.

"We are pleased to welcome Dr. Lu to the Kaizen board and look forward to his guidance and advice based on his successful career in international mineral exploration, project appraisal and corporate leadership," said Kaizen President and Chief Executive Officer Matthew Hornor.

"The contributions from Dr. Lu and our other experienced board members will be key as we work with Japanese partners to identify and explore prospective, high-quality mineral projects and, where appropriate, to deploy our leading-edge exploration technology."

About Kaizen Discovery

Kaizen is a Canadian, technology-focused, mineral exploration company that was formed in late 2013 through a combination of Concordia Resource Corp. and assets acquired from HPX TechCo Inc., a 100%-owned subsidiary of High Power Exploration Inc. With its collaboration agreement with ITOCHU Corporation of Japan and access to HPX TechCo's proprietary geophysical technology, Kaizen's long-term growth strategy is to work with Japanese partners to identify, explore and develop high-quality mineral projects that have the potential to produce and deliver minerals to Japan's industrial sector.

More information on Kaizen is available at www.kaizendiscovery.com.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

FORWARD-LOOKING STATEMENTS

Statements in this release that are forward-looking statements are subject to various risks and uncertainties concerning the specific factors disclosed here and elsewhere in the company's periodic filings with Canadian securities regulators. When used in this document, the words such as "will, could, plan, estimate, expect, intend, may, potential, should," and similar expressions, are forward-looking statements. Specific forward-looking statements in this press release include statements concerning Kaizen's future earn-in to the Fairholme Project and future expenditures.

All such forward-looking information and statements are based on certain assumptions and analyses made by members of Kaizen's management in light of their experiences and perceptions of historical trends, current conditions and expected future developments, as well as other factors that they believe are appropriate in the circumstances. Such factors include, among others, the results of exploration activities at the Fairholme Project. These statements, however, are subject to a variety of risks, uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information or statements. Readers are cautioned not to place undue reliance on forward-looking information or statements.

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