Linear Metals Corporation
TSX VENTURE : LRM

Linear Metals Corporation

April 12, 2007 08:28 ET

Linear Metals Corporation Appoints President and Chief Operating Officer

HALIFAX, NOVA SCOTIA--(CCNMatthews - April 12, 2007) - Linear Metals Corporation (TSX VENTURE:LRM) is pleased to announce, subject to TSX-Venture Exchange approval, the appointment of Mr. Grant Ewing as Linear Metals' President and Chief Operating Officer. Mr. Ewing will assume his new duties in May 2007.

Mr. Ewing comes to Linear Metals from Tahera Diamond Corp. where he served most recently as Executive Vice-President, Corporate Development with responsibilities for Tahera's corporate development, investor relations and exploration programs. Grant is a seasoned mining executive who has developed and demonstrated technical, financial and capital markets expertise throughout his career. Grant was a key member of a team that successfully advanced an exploration stage project through to commercial production with intimate involvement in directing the feasibility work, permitting activities and project financing related to the advancement of the project. Grant also has extensive worldwide project evaluation experience that has included North America, South America, Europe and Africa.

"Grant Ewing is an experienced mineral exploration and development professional with over 20 years of diverse experience in the management and supervision of mineral exploration and development projects as well as successful corporate development and investor relations programs," commented Wade Dawe, Linear Metals' Chief Executive Officer. "His experience and expertise in developing and advancing projects will be beneficial and relevant as Linear Metals advances the Cobre Grande Copper-Silver Discovery and continues to explore the highly prospective KM61 molybdenum project and the La Morena copper-silver project. His corporate development experience will be invaluable in executing Linear Metals' aggressive growth strategy and pursuit of new opportunities."

Mr. Ewing's appointment as President and Chief Operating Officer is an important milestone in Linear Metals' aggressive growth strategy. Since the distribution of Linear Metals as a dividend-in-kind from Linear Gold Corp. in June 2006, Linear Metals has achieved a number of significant highlights under the leadership of Wade Dawe, including:

- Listing on the TSX-Venture Exchange in July 2006;

- Reporting of high-grade silver and copper mineralization on Linear Metals' 100% owned La Morena Project in October 2006;

-Completion of a $2.6 million non-brokered private placement in November 2006;

- Re-establishment of a 100% interest in the KM61 molybdenum project in December 2006;

- Reporting of 270.7 metres of 1.0% copper and 23.2 grams per tonne silver from the Cobre Grande project in January 2007;

- The Recruitment and appointment of Dr. Robert Page as Vice President, Exploration and Philip Pyle as Vice President, Business and Corporate Development in January 2007;

- Completion of a $10.1 million financing in February 2007; and

- Establishment of a Toronto office in April 2007.

Mr. Dawe will continue to contribute to the success of Linear Metals in the role of Chief Executive Officer.

The Company has agreed to grant an incentive stock option to Mr. Ewing, subject to regulatory approval, to purchase up to 300,000 shares of the Company for a period of up to three years. The options will vest over a 30-month period with the first 30% vesting after one year, and the exercise price will be the greater of $1.50 per share or the market price on the date Grant commences employment with the Company.

For further details on Linear Metals Corporation, please visit the Company's website at www.linearmetals.com.

Wade K. Dawe, Chief Executive Officer

Forward-Looking Information:

This news release contains "forward-looking statements". Such forward-looking statements, especially those that address resource quantities, grades, and contained metals, are generally made on the basis of estimation and extrapolation from a limited number of drill holes and metallurgical studies. Where the company expresses or implies an expectation as to future events or results, such expectation or belief is expressed in good faith and is believed to have a reasonable basis for the statement. However, forward-looking statements are subject to risks and uncertainties which could cause actual results to differ significantly from future results expressed or implied. These risks include, but are not limited to, metal price volatility, political and operational risks in the countries where we operate, and a degree of uncertainty in connection with evaluating a deposit until the deposit has been extensively drilled on closely spaced centres. For more information on the Company and the risk factors inherent in its business, investors should review the Company's Annual Information Form at www.sedar.com.

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

Contact Information

  • Linear Metals Corporation
    Terry Christopher
    Manager Investor Relations
    (902) 422-1421 or within North America at 1-866-546-3272
    Website: www.linearmetals.com