Merc International Minerals Inc.

Merc International Minerals Inc.

October 12, 2010 12:00 ET

Merc Appoints New Chief Financial Officer and Grants Stock Options

TORONTO, ONTARIO--(Marketwire - Oct. 12, 2010) -


Merc International Minerals Inc. ("Merc")(TSX VENTURE:MRK) is pleased to announce the appointment of Michael G. Leskovec to the position of Chief Financial Officer.

Mr. Leskovec is a Chartered Accountant with over 10 years of financial experience within public practice and in the mining industry. Mr. Leskovec is also the Chief Financial Officer of White Pine Resources Inc., a TSXV listed mineral exploration company, as well as the Financial Control Officer of Northfield Capital Corporation, a TSXV listed resource investment company.

Most recently, Mr. Leskovec was Corporate Controller and an Officer of Andina Minerals Inc., a TSXV listed company involved in the development of the Volcan Gold Project in Chile. From May 2007 through September 2008, Mr. Leskovec served as Controller and an Officer of Gold Eagle Mines Ltd., a TSX listed company involved in the development of the Bruce Channel deposit in Red Lake, Ontario, and which was sold to Goldcorp Inc. in September 2008 for $1.5 billion. Previous to this, Mr. Leskovec was an Audit and Assurance Manager at Smith Nixon LLP, where he managed audit engagements of publicly listed corporations traded on the TSX and TSXV.

Mr. Leskovec replaces Mr. Thomas Pladsen as Chief Financial Officer of Merc. Mr. Pladsen remains as a director.

Merc President and CEO David Wiley commented "We are pleased to add a CFO of Michael's calibre and talent to the team as we embark on the next phase of our growth plans. Having someone of Michael's pedigree join us day-to-day, while retaining Thomas at the Board level, gives Merc a wealth of financial knowledge and experience to draw from." 

Merc also announces that a total of 2,530,000 stock options to purchase Merc common shares are being granted to directors, officers and consultants at an exercise price of $0.15 per share, expiring on October 7, 2013. The grant is subject to regulatory approval.

Forward-Looking Information

This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, information with respect to Merc's financings, use of proceeds, future expansion in the Northwest Territories and opportunities in the precious metals space. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects", or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "does not anticipate", or "believes" or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might", or "will be taken", "occur", or "be achieved". Forward-looking information is based on the opinions and estimates of management at the date the information is made, and is based on a number of assumptions and is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Merc to be materially different from those expressed or implied by such forward-looking information, including risks associated with the exploration, development and mining such as economic factors as they effect exploration, future commodity prices, changes in foreign exchange and interest rates, actual results of current exploration activities, government regulation, political or economic developments, environmental risks, permitting timelines, capital expenditures, operating or technical difficulties in connection with development activities, employee relations, the speculative nature of gold exploration and development, including the risks of diminishing quantities of grades of reserves, contests over title to properties, and changes in project parameters as plans continue to be refined as well as those risk factors discussed in Merc's management discussion and analysis for the nine months ended April 30, 2010, available on Although Merc has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. Merc does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

Neither 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.

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