Kombat Copper Inc.
TSX VENTURE : KBT

Kombat Copper Inc.

November 05, 2013 18:44 ET

Kombat Copper Appoints F. W. (Bill) Nielsen, P.Geo., as President and CEO

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 5, 2013) - Kombat Copper Inc. (TSX VENTURE:KBT) ("Kombat Copper" or the "Company") announces that, effective immediately, F. W. (Bill) Nielsen, P.Geo., has been appointed President and Chief Executive Officer for the Company. In addition to this appointment, Mr. Nielsen has also been elected to the Board of Directors.

Mr. Nielsen is an accredited geologist with over 35 years of worldwide mineral exploration and development experience. From 2003 to 2008, Mr. Nielsen was the Vice President of Exploration for Nevsun Resources Ltd., where he played a significant role in the discovery of the Bisha gold-VMS deposit in Eritrea.

In addition to Mr. Nielsen's appointment, the following management appointments have been made:

  • Paul Bozoki appointed Chief Financial Officer. Mr. Bozoki is a Chartered Accountant who also holds an MBA. He has over fifteen years of accounting, tax and corporate finance and has experience in international taxation and foreign capital markets.

  • Scott Kelly re-appointed Executive Vice-President of Business Development. Mr. Kelly has more than 15 years of experience as a trusted advisor to management teams and boards of emerging companies. He was the Past partner, director, and senior VP of the Equicom Group Inc., Canada's largest investor relations firm and was elected to the Board of Directors of the Company.

  • Christine Gallo appointed Corporate Secretary and Legal Counsel. Ms. Gallo is a corporate securities lawyer who is internal counsel to, and an officer of, several publicly traded companies in the mining industry. Ms. Gallo holds a Juris Doctor from Osgoode Hall Law School and a Bachelor of Business Administration from the Schulich School of Business.

About Kombat Copper

Kombat is a publicly traded Canadian exploration and development company with its core operations focused on copper resources in Namibia, one of the world's most prospective copper regions, where it has substantial assets in place with significant exploration upside.

The Company holds an 80% interest in five mining licenses in the Otavi Mountainlands, an area of Namibia particularly known for its high-grade copper deposits. Within these licenses are three past-producing mines including the Company's flagship property: the past-producing Kombat Mine. The Kombat Mine's extensive infrastructure includes an 800m exploration shaft which was opened in 2006, three recently-operational shafts, ramp systems, extensive underground workings, mine buildings, a tailings facility, a mill and concentrator (replacement value est +$100MM) all supported by the Company's local town-site. The Kombat mine originally opened in 1962 and historically produced ~8.7 million tonnes of ore grading 3.1% Cu (from the technical report issued March 30, 2012 and titled 2012 "Technical (NI 43-101) Report on the Kombat Project", prepared by Henry J. Awmack, P.Eng. for Equity Exploration Consultants Ltd.) and is linked to vital existing infrastructure, including power, water, roads, and rail with close proximity to the port of Walvis Bay and to one of only five commercial-grade smelters in Africa located in Tsumeb.

In addition to mining licenses, the Company holds an 80% interest in five Exclusive Prospecting Licenses ("EPL's"). The EPL's are located also within the copper-rich Otavi Mountainlands and are in close proximity to Tsumeb.

Cautionary Note

This press release contains or may be deemed to contain "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements (express or implied) relating to the impact of the appointment of these officers. Forward looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company, its properties and/or its projects to be materially different from those expressed or implied by such forward-looking information. . Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws. It should also be noted that mineral resources that are not mineral reserves do not have demonstrated economic viability.

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